As Venminder completes assessments for clients on new vendors, they are then made available inside the Venminder Exchange for you to preview scores and purchase as you need.
Venminder experts complete 30,000 vendor risk assessments annually. Download samples to see how outsourcing to Venminder can reduce your workload.
Venminder's seventh annual whitepaper provides insight from a variety of surveyed individuals into how organizations manage third-party risk today.
Tom Grottke is the CEO of Northeastern Banking Services Group, an 11 year old practice which he began after nearly 17 years of professional experience assisting financial service companies large and small, working as the lead auditor or consultant on numerous KPMG and Arthur Andersen clients. Tom has advised over 150 banks, thrifts and credit unions during his nearly 29 year tenure. His expertise lies in the areas of advising community and regional banks with strategy, organizational and technology planning, core vendor evaluation and business process efficiency. If you are interested in working with NBS to create/review a vendor management program, negotiate a vendor contract, or to complete vendor evaluations/due diligence, contact Tom at tgrottke@thenbsgroup.com. To learn more go to: www.northeasternbankservices.com.
Bankers have been evaluating, selecting, contracting, partnering and un-partnering with third parties as a matter of normal course of business at least since the beginning of modern banking. Getting the “best deal” at contract time should not be the only objective. Making sure your institution gets the right contractual provisions can save you trouble and money in the long run.
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