Complaints are a regular occurrence for credit unions and other financial services organizations. With growing regulatory oversight, complaints are no longer limited to just your service staff; they may be reported to industry regulators as well. Failure to manage complaints appropriately — or receiving too many of the same complaints — can lead to audits, fines, and reputational risk. However, effectively tracking complaints can provide valuable insights into your credit union's operations, such as potential regulatory issues, employee training gaps, or member service problems. This is where effective complaint management software solutions can help.
Learn about how Quantivate and CUNA are teaming up to provide a complete compliance management system for credit unions.
Because complaints can be received through multiple sources (call centers, service staff, or regulators) and via different channels (verbal, email, social media, or direct mail), it is imperative to maintain consistent records across the organization. Maintaining records on spreadsheets and files no longer pass regulatory requirements and can lead to audit findings, fines, and reputational damage. In order to meet regulatory requirements and provide actionable information, complaints must be collected in a central database to be investigated and managed properly.
Quantivate Complaint Management Software is a simple and effective SaaS solution that automates the process of complaint management. This easy-to-use and configurable solution includes the ability to:
With one centralized database, Quantivate Complaint Management Software enables you to manage the entire complaint lifecycle with real-time complaint tracking, reporting, alerts, and escalation of potential issues.
Quantivate Complaint Management can be used as a stand-alone complaint management module or integrated as part of the complete Quantivate GRC Software Suite.
Quantivate Complaint Management Software facilitates compliance with the growing regulatory environment, helping credit unions meet both governmental and voluntary regulations for complaint handling. There is a limited amount of time to resolve complaints when they are received from a regulatory agency, such as the CFPB, BBB, NCUA, FDIC, or others. Quantivate Complaint Management provides metrics and notifications to help you keep track of those deadlines, responses, and follow-ups to ensure timely response to all complaints.
Quantivate's flexible complaint management platform enables users to enter their own regulators, response timelines, and contact information to properly track complaints.
Quantivate Complaint Management Software for Credit Unions provides all the tools you need to create consistent processes for handling and resolving complaints, including:
Single sign-on (SSO) allows you to utilize your credit union's data (active directory) to automatically sign into the Quantivate platform without entering your username and password. Quantivate’s SSO solution supports user provisioning, which automatically creates an account on the first login.