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Revamps TPRM Program for Success, Efficiency and Meeting Industry Regulations
Prior to Venminder, the bank had contracted with multiple technology software providers to meet their program’s needs. As those systems did not integrate or “talk” to one another, it made their program difficult to scale and mature.
Gains Valuable Expertise and Simplifies Processes with Venminder Partnership
Frost Bank was looking for a platform that could give more visibility into their overall vendor management process and encourage buy-in from the various lines of business.
Doane University Partners with Venminder for Contract Management
With the help of Venminder software, Doane University was able to create a process for vendor contract management that was less manual and more efficient.
First State Bank Finds Value in Thorough Due Diligence and Improves Processes
Due to limited on-staff employees, First State Bank struggled to meet regulatory requirements involved in collecting and evaluating due diligence documentation.
CommonWealth Central Credit Union Saves Time and Builds a Strong Vendor Management Evaluation System
The credit union's online portal lacked automation benefits and they also were using Excel to risk rank vendors.
Automated Third-Party Risk Management to Improve Efficiency and Streamline Processes
Radius Bank uses various vendors to provide them with services that are complementary to their strategy and goals and were finding it difficult to manage all of the data needed on those vendors.
Achieves Well-Organized and Successful Vendor Risk Management Program with Venminder
Flushing Bank had a strong need for transparency throughout their vendor risk management program but were finding it difficult to achieve this using a module inside an Enterprise Risk Management (ERM).
Branches Consolidated Vendors and Realized Cost Savings
Competing priorities, lack of time and personnel, and a file cabinet full of contracts across all branches made vendor risk management overwhelming.
Streamlined Vendor Risk Management Exceeds Third-Party Risk Requirements
With over $8.6 billion in assets, First Tech Federal Credit Union is one of the ten largest credit unions in the United States, serving more than 425,000 members nationwide.
Bank & Trust Company Drives Efficiency through Software and Outsourced Reviews
Bank & Trust Company were faced with the common challenge of keeping up with the regulatory compliance around vendor management without pulling a huge amount of time from their staff.
Balboa Thrift and Loan Association Enhances Third-Party Risk Management Program
Balboa Thrift and Loan managed vendor data using Excel spreadsheets which was proving cumbersome. Their third-party risk management program was very de-centralized and chaotic.