Vendor Management for Banks and Credit Unions
Your financial institution is a valuable member of the business community, but staying relevant means relying on hundreds of vendors who provide products and services. Unfortunately, these third-party relationships can create significant risk. Proper vendor management reduces risk posed by third-parties and positions your financial institution for success.
Vendor management is the process by which an organization’s third and fourth-party vendor contracts, expectations and business dealings are organized within a single system, making it easy to find, report on and edit vendor agreements. Read the blog post.
Vendor Management State of Disrepair: Revelations from the FDIC’s OIG Report
Mergers and Acquisitions and the Critical Role of Vendor Management