Are your vendors in compliance with the new regulations? If not, their issues become your issues and that could halt the growth of your business today.Get the whole story in our
INFORMATION MANAGEMENT AND MONITORING PROVIDE THE CORNERSTONE OF AN EFFICIENT COMPLIANCE PROGRAM.
To stay compliant and manage audits requires system-wide organization. Our Vendor Risk Management software has been designed to manage all of your vendor information with a streamlined document library and all the tools to easily generate a range of robust custom reports. Our full cycle solution will instantly give you the ability to manage, track and train to stay compliant. Vital’s fully outsourced solution combines the best-in-class Vendor Risk Management software with the on-site skill and experience to manage it at our secure location.
We have gained industry-leading experience in monitoring and staying ahead of the latest compliance requirements. Our phased approach will give you peace of mind and allow you to focus on what you do best...growing your business.
PROGRAMS, OPTIONS, FEATURES
Compile all required data using our Vendor Risk software within a secure cloud based platform. Access your system via a custom URL.
We work directly with your staff and your vendors to set up your vendor profiles. We work directly with all vendors on your behalf to construct profiles.
Renew expiring documents, (i.e. annual insurance certificates)
Vendor risk management
Due diligence reviews
Vendor incident tracking
Vendor selection management
Service & IT asset management
Vendor survey questionnaires
We conduct on-site vendor due diligence and audits and store documentation in vendor profiles. We facilitate annual reviews and audits.
We assist with writing policies, research special requests and provide platform support
"We have concerns regarding the quality of risk management on the growing volume, diversity and complexity of banks' third-party relationships, both foreign and domestic,"
- Comptroller of the Currency, Thomas Curry