Quantivate

Getting Ahead of the Regulatory Compliance Process (Webinar Series)
Getting Ahead of the Regulatory Compliance Process (Webinar Series)

There’s a lot riding on your regulatory compliance initiatives. Aside from guaranteed scrutiny by the auditors, your staff resources and costs are significant. It’s critical to get it right the first time. Does your compliance process give you the information you need? How do you successfully implement those changes internally?


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Overview

Quantivate is a leader in business continuity, enterprise risk management, vendor management, information security, and audit management software solutions. Quantivate differentiates itself in several key areas that ensure credit unions receive the highest level of service and expertise: 

  • Implementation: The Quantivate services team brings proven implementation methodology to each project, ensuring maximum value and efficiency. 
  • Web-Based Software: Quantivate uses an intuitive integrated web-based interface, making it usable by nearly any member of your team. 
  • Free Unlimited Training: Quantivate offers comprehensive one-on-one training to ensure that you achieve full proficiency in the use of Quantivate software solutions. 
  • Support: To ensure your success, Quantivate provides globally integrated product support services. 

Solution: Vendor and Contract Management

Quantivate Vendor Management is a web-based vendor management solution that provides compliance with NCUA and other federal regulatory requirements for vendor management. The solution provides customizable feature sets and reporting capabilities. It enables credit unions to document, store, track, and access vendor contracts; perform required risk assessment, due diligence, contract review, and vendor monitoring; and generate complete reports for management review and compliance examinations. 

Quantivate provides vendor management services with two partners: the Paragon Group and Farleigh Wada Witt. The Paragon Group ensures a credit union's vendor due diligence program meets regulatory requirements in several critical areas. The law firm Farleigh Wada Witt provides contract legal reviews and guarantees that the management tools in the Quantivate Vendor Management software comply with current NCUA and other federal requirements. 

View a demo online.

Download the Vendor Management Software Buyer’s Guide »  

Benefits

NAFCU Members receive a 5% discount off their initial purchase. 

Company

Quantivate is a leading provider of web-based continuity, risk, and compliance software solutions. Quantivate's product portfolio comprises a comprehensive suite of applications used by credit unions across the nation to manage their business continuity, risk management, information security, vendor management, and audit management needs. With Quantivate's full suite of integrated continuity, risk, and compliance solutions, you can seamlessly leverage critical data from across your institution for greater time savings, security, and decision making. 

For more information, visit http://quantivate.com. 

The Paragon Group

Quantivate's partner The Paragon Group provides outsourced due diligence services to make your vendor management implementation easier, faster, and more cost effective. Working with your staff on an ongoing basis, Paragon's experts ensure your vendor due diligence program meets regulatory requirements in the following critical areas:

  • Developing a Due Diligence Plan
  • Establishing Consistent Criticality Rankings for Key Vendors/Contracts
  • Annually Gathering all Due Diligence Documentation from Vendors Such as (financials, SAS70s/SSAE 16s, insurance certificates, credit reports, validation of incorporation, legal actions, information security documentation, human resources, business continuity, etc.)
  • Documenting the review of due diligence documentation
  • Conducting Risk Assessment interviews with vendor owners
  • Facilitating Annual Updates and Audit/Examiner Review 

More information is available at www.theparagongroup.com. 

Farleigh Wada Witt Law Firm

Quantivate Vendor Management 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 Vendor Management will always comply with current NCUA/FDIC/OTS/OCC requirements. 

More information is available at www.fwwlaw.com.

Educational Resources

  •  Exercising 101 (and I don’t mean how to do a push-up) (Blog Post)
    Here are the top five tips to getting your organization on the right track.
  •  Getting Ahead of the Regulatory Compliance Process (Webinar Series)

    There’s a lot riding on your regulatory compliance initiatives. Aside from guaranteed scrutiny by the auditors, your staff resources and costs are significant. It’s critical to get it right the first time. Does your compliance process give you the information you need? How do you successfully implement those changes internally?

  •  What’s in store for 2014? Quantivate Looks Ahead (Blog Post)
    For a look at what lies ahead in 2014 for credit unions, we turned to the Preferred Partner experts. Here is what Dan Banning, Director of Marketing, Quantivate had to say.
  •  Class 6: Preparing for a VM Audit

    This is part of Quantivate “Ask the Professor” Vendor Management Curriculum. In this webinar, learn about vendor management policy, classification, due diligence, risk assessement and more.

  •  Class 5: Vendor Risk Assessment
    This is part of Quantivate “Ask the Professor” Vendor Management Curriculum. Learn about risk management terms, calculating risks, 8 common angles of a vendor risk assessment, and more.
  •  Class 4: Due Diligence and Oversight (Recorded Webinar)
    This is part of Quantivate “Ask the Professor” Vendor Management Curriculum. Learn about oversight versus due diligence, when to perform due diligence duties, 9 areas to review, and more.
  •  Class 3: Vendor Classification (Recorded Webinar)
    This is part of the Quantivate “Ask the Professor” Vendor Management Curriculum. Learn the importance of classifying your vendors, creating consistent classification levels, and more.
  •  Class 2: The Vendor Management Process
    Vendor management can be complicated and costly—that is, if you don’t have a system in place. To help credit unions better understand and manage this process, we have developed a Vendor Management 101 Curriculum Series. This series of webcasts is suitable for anybody at your credit union who is new to vendor and contract management, as well as those experienced in overseeing the process who want to improve performance with best practices.
  •  Class 1: Introduction to Vendor Management

    This is part of Quantivate “Ask the Professor” Vendor Management Curriculum. Learn about what vendor management is, the 6 components of vendor management, regulations, and more.

  •  Ten Tips to Improve Your Vendor Management Program (Podcast and Presentation)

    Effective vendor management helps (1) improve your chances of passing a compliance audit and (2) ensure you’re getting the best service from your vendors. In this presentation from the 2013 NAFCU Annual Conference, Andy Vanderhoff explains what to look for when you evaluate your current program.

  •  Quantivate “Ask the Professor” Vendor Management Curriculum
    Vendor management is increasingly drawing the attention of the NCUA and other federal regulators. Having a sound program in place ensures good business practices—contract management, knowing how your vendors are protecting your interests, performance reviews, and risk assessments—are being performed.
  •  Quantivate Vendor Management Solution Improves Efficiency and Reduces Risk (Case Study)
    The board of directors decided that it needed to be able to map this vendor criticality against the NCUA requirements as part of a larger vendor management program designed to help mitigate risk. The initial try at this was somewhat hit-and-miss, and Financial Center ultimately was unable to develop a systematic approach to how vendors were managed. In this case study, learn how Quantivate was able to help.
  •  Vendor Management: Getting Started on a Systemic, Regulator-Friendly Program (Podcast)

    Vendor management is much more than checking off a box for the auditors, although meeting NCUA and other federal regulatory requirements is the first reason you should have a comprehensive program in place. The second reason is to ensure good business practices—contract management, knowing how your vendors are protecting your interests, performance reviews, and risk assessments—are being performed.

  •  6 Tips for Choosing Vendor Management Software (Article)
    Regulators and auditors are increasingly focusing more on how vendors and contracts are managed and maintained by institutions. This means that every institution is bearing the full brunt of the cost to meet regulatory requirements for Vendor Due Diligence. It is more critical than ever to make your vendor management implementations easier, faster, secure, and cost effective. What are some of the things to look for in choosing a comprehensive VM software solution?
  •  Vendor Management Buyer Guide (Article)
    While vendor management is a “must-do” to satisfy financial industry regulatory requirements, it can also serve as a strategic initiative that can create a better run institution. Vendor Management can also be used as a way to improve efficiency, financial management, and profitability by reducing expenses and minimizing risk.

View All Educational Resources

News

  • Quantivate Joins NAFCU Services Preferred Partner Program for Vendor and Contract Management (March 8, 2013)
    WASHINGTON--NAFCU Services Corporation announced today that Quantivate has been selected as the Preferred Partner for vendor and contract management, following a competitive RFP process and evaluation by the member-run NAFCU Services Advisory Committee. Quantivate Vendor Management is a web-based vendor management solution that provides compliance with NCUA and other federal regulatory requirements for vendor management.

Contact

JoAnn Tolentino
425-296-6633
http://quantivate.com/
sales@quantivate.com