Vendors are your partners in success. Delivering critical services to your customers or helping you run your organization more profitably. With vendors, there are operational and regulatory risks that require management.
This solution tracks all of your vendor contracts and due diligence. Using a third-party vendor naturally subjects an institution to risk outside its control. That’s why FFIEC standards for vendor management have become a significant part of the IT regulatory examination.
Use the Vendor Manager to:
- Rank vendor criticality, confidentially and performance
- Schedule due diligence reminders (system will generate recommended schedule based on risks and FFIEC guidelines
- Attach supporting documents
What was once a long, cumbersome process takes just minutes. Plus, the SCOUT’s Vendor Manager date stamps everything and shows who is responsible for specific risk management activity.
Tighten vendor relationships; understand vendor risks, and lower costs associated with vendor management. Substantially reduce the time it takes to evaluate vendor performance. Eliminate vendor-related failure, one risk at a time.
Supernal manages vendor risk like no other solution, delivering the best in value and benefits. Don’t settle for anything less. Choose Supernal. Choose SCOUT Vendor Manager. Click here for more information.