Ncontracts is a feature-rich and scalable web-based vendor management solution that enables banks, credit unions, and financial organizations of all sizes to effectively manage third party vendors and meet regulatory compliance. Regulations are constantly changing, and regulation enforcement continues to increase in its intensity and frequency. Poor vendor management exposes banks and credit unions to significant liability, reputational damage, and potentially devastating loss – something that can be avoided with the right solution provider. It’s not worth the risk.
Over 300 financial institutions across the nation trust Ncontracts’ experienced team of legal professionals, financial experts, and IT specialists to help them every day with:
- Vendor policy consulting
- Vendor classification
- Contract management
- Due diligence documentation
- Vendor Risk Assessment
- Vendor Monitoring
Our unique solution combines highly attentive service and support with robust vendor management software to properly identify and assess critical vendors, maintain and store necessary due diligence compliance data, and systematically monitor them to ensure service viability and operational soundness.
Bank Vendor Management
Ncontracts delivers special compliance tools for banks faced with managing multiple vendor service agreements and the complex regulatory issues associated with vendor management.
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Vendor Management for Credit Unions
Ncontracts helps credit unions reduce vendor risk, meet NCUA regulatory compliance, and maximize profitability by reducing operational costs associated with vendor management.
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Our clients have been examined by each agency (OCC, FDIC, FRB and NCUA) of the Federal Financial Institutions Examination Council (FFIEC). Every client utilizing Ncontracts has successfully passed the third party management portion of their exam.
To learn more about how Ncontracts can save you money, meet compliance and simplify vendor management for your financial institution, contact Ncontracts today or register for an online product demonstration.