Third Party Vendor Compliance: Solved

The Federal Government establishes third-party vendor compliance as the responsibility of the financial organization that utilizes vendors. Best practices dictate that vendors are extensions of your operations, and you are responsible for their actions. If you are like most organizations, you may not have an efficient method—or in some cases, any method—to monitor third-party vendor compliance.

Key features

  • Risk assessing your vendor network and determining the appropriate oversight needed
  • Ensuring that you are performing the appropriate due diligence on new vendors, including capturing and analyzing critical information
  • Sufficiently monitoring and documenting your vendors’ ongoing performance to ensure they are meeting your guidelines
  • Ensuring your vendors are aware of industry requirements and your operating procedures
  • Verifying that your vendors are well trained and adhering to regulatory requirements

Please contact an Exceleras sales representative for more information!