BankerVMS (Vendor Management Software)
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The old way of managing your third party vendors is not going to be sufficient in protecting you from the new and upcoming government regulations. Our comprehensive vendor management product will provide you with all of the features that you need to satisfy your regulators. BankerVMS is a central data repository for all of your vendor information and the business processes associated with them. Our web-based tool will assist banks and lenders to complete an ongoing annual supervision and monitoring of all critical vendors identified in the risk assessment (SSAE, insurance coverage, audits, penetration tests, business continuity plan and financial performance), in an easy to view dashboard format.
BankerVMS will provide you with vendor management policies, due diligence checklist, risk management, and a disaster recovery product for your vendor management issues. The risk compliance feature is a uniform, systematic approach to vendor risk assessment based on FFIEC guidelines.
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Third Party Risk: Hot Topic Among Regulators
- Uniform due diligence
- Vendor Management Policies
- Vendor Risk Assessments based on FFIEC guidelines
- Identify the bank’s critical vendors
- Monitoring of all vendors in the risk assessment (SSAE 16, insurance coverage, audits, financial performance, etc.)
- Disaster Recovery Product
- Notification Feature notifying you of expiring documents or contract renewal. Don’t worry about contracts auto renewing or documentation expiring. We will notify you ahead of time!
Maintaining third party vendor compliance is vital to your business’ success. Be proactive, outperform others, and streamline processes with BankerVMS.
BankerVMS has helped financial institutions of all sizes with meeting Third Party regulatory guidelines. We would like to provide you with our assistance helping you to meet the requirements of your regulators. Set up is easy, and you receive unlimited training and support through BankerVMS.
Contact your Account Executive to get started today.
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Please contact Sales at 901.685.7599 or firstname.lastname@example.org to get a quote for your specific needs.