Vendor Management

Corporate Central partners with Ncontracts to provide Vendor Management solutions designed uniquely for credit unions to help control costs, automate operations, stay informed of approaching renewals, and meet new regulations.

By partnering with Ncontracts, credit unions gain access to a robust platform that automates routine tasks, reduces operational costs, and improves efficiency. Credit unions can streamline the entire vendor management process, eliminating the complexities of manual tracking and ensuring regulatory compliance. From document management to real-time alerts for contract renewals, the solution offers a comprehensive, user-friendly approach that enhances oversight, reduces risk, and helps credit unions focus on their core objectives while staying ahead of regulatory requirements. 

Benefits

• Easily manage vendor documentation with unlimited document storage
• Track all document review deadlines, due diligence activities, or upcoming contract renewals with automated alerts, ensuring you never miss a change
• Monitor for cybersecurity incidents as well as negative press or news issues about your vendor partners
• Customize user access and reporting, to-dos, due diligence features, residual risk classifications, and OFAC thresholds
• Store, track, and manage each aspect of vendor management, from initial prescreens, to ongoing monitoring, to exit strategies