Vendor Management

Vendor Management Logo

Our easy-to-use interface walks you through each step of the vendor management process to ensure regulatory compliance.

Take the Guesswork Out of It

Proactively assess vendors to understand needed documents

Never Miss
a Renewal

Manage expiring or renewing contracts with auto-notifications

Get Ahead of Exams

Schedule vendor reviews to alleviate exam crunch

Save Time with Auto-fill

Make changes in one place with our integrated compliance applications

Run Reports Easily

Quickly access a variety of regulatory reports

Ideal for Community Banks and Credit Unions Who:

  • Are using a spreadsheet or an accounts payable system to manage vendors
  • Need a better way to manage vendors, documents, and contract renewals
  • Need a dynamic process to conduct vendor due diligence
  • Need different reports for different audiences
  • Are unable to centralize or share vendor management information
  • Have new personnel responsible for their Vendor Management program

Document Vendors

Perform risk assessments to identify needed controls

Perform control reviews

We were surprised with how seamlessly the implementation went, as well as how intuitive the interface is. Additionally, Safe Systems was able to answer our questions.

Shan Venable

SVP and Chief Technology Officer at Altamaha Bank and Trust

Frequently Asked Questions

Vendor Management FAQ

A vendor management program, as required by the FFIEC, enables community banks to identify, evaluate and mitigate risks posed by their vendors.

Vendor Management is necessary for a community bank or credit union because the average number and variety of vendors used has increased in recent years.

Typically, community banks and credit unions have an Information Security Officer or a Compliance Officer who act as the lead for their vendor management program.

Community banks and credit unions can get help with their vendor management program through peer groups or industry experts, such as Safe Systems, who support hundreds of financial institutions in this area.

Your cost is determined by a number of factors based on your needs and expectations of a Vendor Management Program. Please click get started to discuss specifics about Safe Systems Vendor Management program and cost.

Ready to get started with Vendor Management?

As regulators have placed higher importance on how community banks and credit unions manage their vendors, it is increasingly more difficult to get what you need from a spreadsheet. Our web-based vendor management application ensures compliance, helps you better measure and manage risks, automates vendor contract renewal reminders, and allows you to easily generate reports for senior leaders and examiners.