Engaging with external vendors can introduce new or increased risks into your credit union. A strong vendor management program will identify, assess, measure, monitor and control those risks.
With ViClarity’s vendor management solution, you gain better oversight into third-party relationships. Our platform helps you evaluate, onboard, monitor and report on all of your vendors in one spot, plus stay on top of ongoing due diligence and timely contract renewals.
Features of ViClarity's Vendor Management Solution For Credit Unions
The ViClarity vendor management solution can house evaluations and contracts in a centralized platform, automate due diligence tasks, and help you monitor the risks external vendors bring to your credit union.
Automatic Alerts – Schedule alerts to be emailed to vendor relationship owners when contracts are up for renewal or at-risk.
Centralized Documentation – Store and review contracts, documents and evaluations in our secure, cloud-based platform for easy access and collaboration with colleagues and vendors.
Review & Track – Use workflows to track action steps and related notes, ensuring accuracy and accountability with an advanced, traceable evidence trail.
Calculate Your Potential Time Savings with ViClarity
By implementing technology into your vendor management program, you can benefit from the return of time previously spent on manual processes. Try our Time Savings Calculator to see how much time ViClarity could save you.
Time Savings Calculator