Is vendor management and governance giving you a headache?
If you’re struggling to keep track of contracts, reviews and risk assessments, our Vendor Governance solution is here to simplify the process and provide the tools you need to manage your vendors effectively.
Vendor Governance Core Modules
Vendor Reviews
Whether you prefer to perform your own reviews or leverage FINOSEC’s team of experts, we provide the tools and guidance you need to conduct thorough assessments of your third-party vendors and accurately identify vendor significance and risk. Centralize all vendor contracts, risk assessments and review results in one convenient location for easy access and reporting.
Contract & Due Diligence Tracking
Never miss a critical contract deadline again! Gain visibility into upcoming renewal dates, avoid costly auto-renewals, and ensure compliance with all contractual obligations. Store and manage all your vendor contracts and due diligence documentation in a secure, centralized repository.
Vendor Risk Assessment
With a comprehensive overview of your vendor landscape, you can easily track vendor risk significance, identify exceptions and follow-ups, and schedule timely reviews. With our vendor system map, you can visualize your entire vendor ecosystem and gain insight into potential risks.
Unlock the Value of Vendor Governance
Centralized Control
Establish proper vendor controls and internal risk thresholds—all in one place.
Streamlined Workflows
Integrate seamlessly with your existing system map for a cohesive approach.
Proactive Risk Management
Identify and mitigate potential risks before they become problems.
Regulatory Compliance
Easily access your vendor information, contracts, and risk assessments so you’re always prepared for audits and examinations.
Scalability
No matter the size of your institution, our easy-to-use platform can grow and expand to match your evolving needs.
Time-Saving Automation
Automate routine tasks, freeing up your team to focus on more strategic initiatives.
Start Simplifying Your Vendor Management Today
With Vendor Governance from FINOSEC, you get everything you need to manage your vendors efficiently and effectively. Contact us to learn more and schedule a demo.
