Track, Manage, and Report on Vendor Risk with Predict360 Vendor Risk Management Software
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The document discusses Predict360's Vendor Risk Management software which offers a unified platform for financial institutions to monitor, control, and document risks from third-party vendors over the entire vendor lifecycle. The software features a centralized database that compiles vendor data and documents using customizable checklists for processes like onboarding, evaluations, and performance assessments. It streamlines workflows to gather information from employees and vendors efficiently and helps categorize risk levels.
Track, Manage, and Report on Vendor Risk with Predict360 Vendor Risk Management Software
- 1. Track, Manage, and Report on Vendor Risk with Predict360 Vendor Risk Management Software ABA Endorsed Solution Provider for Risk and Compliance Management Software
- 2. The Predict360 Vendor Risk Management (VRM) Solution offers a unified platform designed for financial institutions to monitor, control, and document the various risks presented by third-party vendors. This comprehensive solution covers the entire vendor lifecycle, maintaining detailed records of issues, performance, certifications, risks, and related metrics. The application features a centralized database that compiles data and documents concerning third-party entities, employing adaptable checklists for processes ranging from initial onboarding and security evaluations to ongoing due diligence and regular supplier performance assessments. 2 About Predict360 Vendor Risk Management Software
- 3. Features of Predict360 Vendor Risk Management Software Streamlines and automates the workflow to gather data from employees and vendors efficiently. Facilitates the addition of new vendors by employees and the execution of related onboarding tasks. Automates controls and assessments to manage and measure vendor performance and compliance periodically. Categorizes the level and type of risk for every third party and vendor. Enables vendor information workflow for review and approval. 3
- 4. Why Predict360 Vendor Risk Management Software is Crucial for Your Organization? The Predict360 Vendor Risk Management Solution application enables risk and compliance departments to manage the entire third-party risk management lifecycle on a single platform. The features and workflows built within Predict360 VRM help onboard vendors, monitor vendor performance and qualifications, and terminate vendor services while fulfilling all compliance requirements and mitigating associated risks. 4