The Federal Financial Institutions Examination Council’s (FFIEC) guidance is that vendor management must be addressed by financial institutions. Cornerstone Advisors provides a comprehensive, automated, and independent approach to vendor management.
Results
Improved risk, vendor accountability, and organizational accountability
Automation of vendor management program with assignments, inputs, and alerts
Automation of risk assessment through a proven methodology
Due diligence gathering to save you time
Reporting suitable for executive management and board of directors
Independent, 3rd party review of vendors
Secure access cloud-based system (optional) requires no software and tracks gathering, certifications, business continuity plans, insurance certificates, and date triggers
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