What is the cost of reliable and efficient vendor management? The cost of not having it is more than you can imagine.
Vendor risk can expose your organization to potential legal action, cyber attacks, regulatory fines, and costly downtime. Yet most financial institutions and financial services companies manage vendor risk with spreadsheets. Reducing this process to a set of documents can make you think you’ve got it under control, but there is no area of risk management where this false sense of security is more dangerous.
Ncontracts offers customizable vendor management solutions and services to help you mitigate third-party risk for your organization, for true peace of mind where vendors are concerned. Our team of experts includes lawyers, as well as former financial institution risk officers and compliance officers, to help you navigate the complete lifecycle of your vendor relationships.
Information Security Risk
Business Continuity Risk
Our vendor management services provide ongoing risk identification to make sure you have access to the right information at the right time, so you can avoid exposure to unknown risks, reduce third-party expenses, and stay focused on your core business.