Vendor Management Software: One Platform. One Solution.
Vendors are essential to business efficiency and growth, but managing risk and complying with regulations and best practices can cut into your bottom line.
Compass Vendor Management Software seamlessly integrates all facets of oversight, planning, due diligence, risk assessments, contract review, and monitoring into one platform:
- Side-by-side risk scoring
- Contact information
- Expiration Notification
A customizable dashboard puts essential Vendor Management information at a glance and reports, documents, and other essential vendor information at your fingertips.
The Compass Vendor Management reporting tool identifies high-risk relationships, assessment status, overall exposure, and provides audit-ready templates for SSAE16 reports or any custom output need.
- Store and access digital files
- Due date notifications
- Prebuilt and custom templates
- User group security
- Track document changes
Our top-notch legal team constantly monitors regulatory updates to guarantee compliance with the latest NCUA, FDIC, OCC, CFPB, EFA, Gramm-Leach-Bliley Act, OCC, PCI, and all other relevant regulations and guidelines.
Our products have been audited, reviewed, and passed rigorous evaluations from state and federal examiners in all areas of the financial industry oversight. Sleep tight, you're covered.
Individual Security, Shared Costs
Chances are you share vendors with your peers, yet each bear the full cost of compliance. Compass VM Software ensures due diligence, while dividing expenses across multiple institutions. That means guaranteed due diligence in key areas at a fraction of the expense:
- Plan development
- Criticality rankings
- Provision of SSAE16, insurance certificates, credit reports, validation of incorporation, legal actions, information security documentation, human resources, business continuity plans
- Annual updates and audit/examiner reviews