From due diligence, risk assessment, planning, and contract review, to ongoing monitoring and oversight Quantivate Bank Vendor Management Software allows your organization to develop a comprehensive vendor management process and obtain a complete view of your vendor relationships and risk.
Quantivate VM tools have been developed with the law firm Farleigh Wada Witt to provide clients with highly effective vendor management processes and tools that satisfy all regulatory requirements. In fact, Farleigh Wada Witt guarantees that the management tools in Quantivate VM will always comply with current NCUA/FDIC/OCC requirements.
Our Software Helps You Comply With:
Your time is valuable and chasing down vendor information is time-consuming, expensive, and often never gets done. Quantivate provides vendor management services to make your vendor management implementation easier, faster, and more cost-effective. Your organization must determine who your critical vendors are, gather information and evidence on your critical supplier’s internal controls, assess the data and rate the risk of continuing to perform work with them.
Working with your staff on an ongoing basis, our experts ensure your vendor due diligence program meets regulatory requirements. Vendor and Third Party Management Services include:
Recently the global financial industry has seen an unprecedented increase in regulatory requirements forcing institutions to have a greater focus on the way risk is managed. Increasingly, regulators, and bank customers, and other key stakeholders are demanding more transparency and greater ROI from systems, software, and tools.
However, many organizations create fragmented systems for risk management and compliance producing an inefficient system filled with redundancies and additional risk.