Vendor Compliance Solutions
With examiners knocking at the door and litigation on the rise; vendor management has moved to a priority item. Through our partnership with Digital Compliance, VACUS has taken a proactive approach to assists credit unions with their compliance documentation.
Vendor Compliance Management Solution
Whether you need to get information from your outsourced relationships or you need to give information to your clients, there is a resource challenge and delicate exchange of information on both sides of the fence.
Financial Institutions are challenged to acquire the right information from their outsourced relationships. Many institutions lack the resources to keep the most current documentation on file and the expertise to review and report on the information received.
For companies addressing information requests from their clients they must carefully provide information in a way as not to violate their own security protocol or give information that would compromise their own security. With more and more institutions feeling pressure to request information from their outsourced relationships companies struggle with the resources to address the growing volume and variety of requests on a daily basis.
Resources are being taxed on both sides. Is there relief in sight? Absolutely! This tailored solution through Digital Compliance allows you to select the number of vendors managed for you. You decide your relationship priorities to fit your needs and your budget. For more information contact a member of the VACUS team today!