VendorPoint™ can run in either a centralized or decentralized mode, according to your organizational preferences. In centralized mode, all information can be passed to one department for entry and follow-up. This mode is appropriate for smaller institutions with a small number of business units. For those institutions with many business units, such as holding companies, insurance companies, and large banks, a de-centralized mode may be more appropriate. In this mode, each business unit is responsible for entering and managing the information concerning its vendors. The information from all units is compiled for review, approval, and reporting to the compliance officer, legal department, or executives.