2. Our Credentials
Over 25 years experience in providing systems
and technology tools to financial industry.
Expertise in Internet development, search engines
and Internet marketing.
Extensive background with core processing,
internet banking, ATM systems, check imaging
and your back room.
Thorough understanding of security, compliance
and interfacing needs.
3. Managing Vendors
What are you currently doing?
Common answers
“Doing what we’ve always done.”
“Not exactly sure how we handle this.”
Times have changed
SOX, FFIEC, GLBA and OCC
Historic financial industry challenges…
must take managing vendors and
expenses to new levels.
4. Contract Organization
CreditUnionVMS is a central repository of all
vendor contracts.
Easy access to electronic contract copies.
Vendor contract terms and conditions are
shown in a easy to view format.
E-mail alerts are provided prior to contract
renewal date…no more “auto renew” disasters.
The system will take the data located in your
contract terms and easily display and alert your
management team.
You can have upward of “300 Contracts”
Manage your Vendor; Don’t let them manage
you!
6. Risk Assessment
Meet the compliance requirements of new and evolving regulations.
Vendors’ risks are identified and calculated for key categories.
Vendors with risk issues will be flagged in order to address them.
Save changes each time you risk vendors.
Be prepared everyday for audits!
9. Risk Assessment
The Categories defined in the system are as follows:
Strategic
Reputation
Operational
Transaction
Credit
Compliance
Proactive system will gather and monitor vendor documents.
System will alert for any missing vendor documents required by regulators.
System will give you “pop up” questions in order to determine the risk.
System will give you the ability to add “notes” to your stored contracts.
Rating System 1-5, 5 being worst.
12. Board Information
Provides board members with up to
date information for decision making
purposes.
Gives board members peace of mind
for their personal liability for Credit
Union non-compliance.
14. Dashboard
Takes complex data and organizes it in an up to date, easy to use manner.
Customize your personal dashboard.
Key information is presented in graphic format.
Monitors vendors and costs with a prompt for
corrective action as needed.
15. Enhanced Tools and Features
Disaster Recovery Tool
Compliance Tool
Standardized Risk Rating System for all vendors
Peer Group Cost Comparison for all vendors
Without this, how do you know you are getting a good deal?
Organizational Tool for all vendor contracts