Venminder has a team of due diligence experts who can significantly reduce your vendor management workload. The firm addresses the tactical challenges of vendor management tasks such as collecting compliance documentation, analyzing a vendor’s financial health, deploying paralegals to assist with vendor contracts, reviewing a vendor’s SSAE 16, monitoring a vendor’s cybersecurity posture and much more. While financial institutions cannot outsource ownership of vendor risk, they can outsource the tactical work of assessing the risk.
Venminder also has a software solution to organize, track and report findings to Senior Management, the Board of Directors and, ultimately, the examining bodies.It is a “must have” answer to meeting increasing regulatory requirements. The SaaS based software solution guides a user through critical processes such as risk assessments, due diligence requirements and task management.
For more than 15 years, Safe Banking Systems, a technology enabled company, has been thinking ahead of the risks to combat financial crime and find the bad guys that other systems miss. SBS’ anti-money laundering and compliance solutions resolve key Know Your Customer (KYC), Customer Due...
BlackLine Systems specializes in solutions that optimize and automate financial close processes. An astonishing number of processes within the accounting and finance group are still manual, spreadsheet-driven, and error-prone. The functionality that is offered in BlackLine's applications is...
Venminder by Digital Compliance is a cloud-based vendor management solution used by financial institutions. We provide a highly collaborative experience that improves efficiency and compliance across the enterprise. Our software allows you to record,store and collaborate with other users,... Read more
Venminder Core is the foundation module of Venminder's software suite. It is the glue that brings all other modules together. Venminder's software allows you to record, store and collaborate with other users on "all things vendor" in the cloud. Key Features: - Vendor Information: All of... Read more
Cost management begins and ends with effective contract management. Venminder's bank Contract Management module can be added to our Venminder Core foundation module giving you and your financial institution complete control and management of your contracts. Key Features: - Organization: Keep... Read more
Download this white paper to learn: -How vendor management is more than just risk management -How to use outsourcing for enhancement -The difference between vendor due diligence and vendor oversight -The importance of renegotiation -The value of key vendor relationships Read more
Having an efficient compliance risk management system in place is pivotal to any financial institution. With constantly-changing protocols and security concerns, IT regulatory compliance seems increasingly complicated. One of the best ways to simplify the system is to hire a third-party security... Read more