Regulatory Information Security Compliance (R.I.S.C.) Associates

Vendor Compliance Manager (VCM) builds your vendor management program in accordance with FFIEC Guidance, GLBA 501(b) and NCUA Part 748 regulatory requirements for Vendor Oversight and provides centralized management of the vendor oversight process.

VCM addresses the 3 key components of regulatory compliance; 1) Measure, 2) Monitor, and 3) Control by pulling together the 8 key elements of a Vendor Management Program under one roof:

Vendor Inventory                 Risk Rating

Due Diligence                      Contract Review

Periodic Monitoring             Centralized Tracking

Policy & Procedure              Reporting

Managing the vendor compliance process is by no means a small task. Throw in the complexity of a regulatory framework that satisfies compliance requirements as well as examiner expectations and then add in the distributed environment where multiple people manage multiple vendors from multiple locations and you have a recipe for a paperwork and vendor-tracking nightmare.

VCM is a feature-packed tool with simple point-and-click navigation. Features include the following:

Centralized Dashboard

Automated Risk Rating

Contract Review

Due Diligence Review

Real-time Consolidated Monitoring Report

Email Notifications

Numerous Reports Capability

Import Export Function