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