With VendorXpert, third-party provider details can easily be monitored and tracked in a user-friendly Web-based environment that allows for rapid deployment and management of these crucial relationships. Regulatory concerns have heightened dramatically due to legislation such as Gramm-Leach-Bliley’s Act, Sarbanes-Oxley and U.S. Patriot Act creating an environment where regulators are now scrutinizing vendor relationships and requiring that organizations “know” their vendors as well as their customers.
Utilizing risk management metrics, the following items can be monitored and maintained using VendorXpert:
Having gone through the process multiple times, Sydel Corporation’s experience as a vendor has been joined in developing VendorXpert with proactive organizations that understand the importance of tracking these relationships. As the most comprehensive application for vendor management, VendorXpert is poised to become the industry standard.