Vendor Risk Monitoring Tool & Service - Vendor Management
Available from Venminder, Inc.
Continuously monitor the credit-worthiness and financial health of your bank's critical business relationships.
In today’s demanding regulatory climate, it’s imperative that banks and credit unions not only know their customers but also their vendors and prospects. A business’s financial health can change overnight so the sooner you know about a change in an organization’s circumstances, the better off you’ll be.
- Easy-to-use: Visual, color-coded dashboards display information in a format you can understand
- Actionable Business dashboard: Information you can use to proactively reduce your risk
- Alert Notification: 24/7 alert monitoring for all your business relationships so you can see the risk and fix it fast
- Powerful Analytics: Detailed, current information about how and when your customers pay, which ones are high risk, and even negative financial or legal events that have affected their status. Provides a view of all your customers and suppliers, giving you a real-time status and actionable information
- Geographic Views: Show you potential location-based risk areas in the event of catastrophic weather, economic conditions and other risk factors