Increasingly complex regulations and guidelines for vendor management published by the NCUA have created an additional regulatory burden on an already highly regulated industry. These requirements add an exponential amount of work that must be performed to maintain compliance.
AuditLink Vendor Management uses not only technology but also a strategy which incorporates cooperation, scalability, and a deep knowledge of the regulatory requirements to help you pass that next audit. Beginning with a full assessment process, we’ll move on to categorizing your vendors, determining policy and procedures, and reporting to you, your board, examiners, and third-party auditors. Our goal is to maintain the most relevant database of vendor due diligence in the country, while performing the vital work that allows you to keep your eye on critical relationships.
If you are interested in utilizing AuditLink’s Vendor Management services, click the button below to visit our online store. Additionally, we offer a demo that your credit union can request prior to signing up.
AuditLink is your execution arm for tackling auditing and compliance-related requirements and the supporting core system processes driving your operations. Credit Unions that work with AuditLink gain confidence knowing they have implemented effective procedures and controls to be in compliance with regulatory requirements.
