Maintaining a vendor management program can be challenging for any size bank. The amount of time required to follow-through and to meet expectations is difficult. Along with full vendor oversight and compliance options, monitoring, the digital document collection from vendors and suppliers of banks can be cumbersome as most solutions involve expensive externally managed CRM like interfaces putting emphasis on the individual client or vendor and not both. Our bank vendor management software combines the simplicity for the vendor to interoperate and feature needs for the bank to implement a quality program to help meet compliance and protect.
XMS can help banks
-Add an affordable differentiating third party software to their wheel house.
-Implement a new vendor risk management monitoring and oversight option to their process.
-Collect documents from vendors in a centralized location while keeping permissions and access separate.
-Publish forms from any vendor to be filled out as a questionnaire or interview without having to learn another forms package.
-Reduce dependence on complicated one-sided systems, classic spreadsheet tracking, overload of insecure email attachments, eliminate dependence on universal file sharing sites that are blocked most of the time, provide secure alternatives to sending and receiving files over insecure FTP or unreadable fax services.
-Provide an effective innovative approach to managing their third party vendors.
Please contact us at MereSecure TODAY!
We specialize in solving relevant problems in the vendor management space. You may not have all of the features with any product and yet we are open to identifying gaps in what you need and sizing them for your organization. We know for sure that if you manage vendors, you can use XMS to help your existing process with a tool to engage the third parties more efficiently. We know for sure that if you don't have a formal vendor management program we can provide a software solution and also offer a full vendor oversight monitoring component where you can have us handle your vendors for you. If you have a solution for vendor monitoring, compliance attorneys etc. our software solution fits nicely as the backdrop to collect the information and track the vendors, the risk that they present and is easy enough to learn you will be up and running very quickly.