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TPRM 101: What Is Third-Party Vendor Contract Management?

N Contracts

The average community bank or credit union has between 400 and 600 vendor agreements. That’s a lot of contracts to manage. Without a standardized and centralized approach to contract management, there’s no way for a financial institution to truly understand its third-party risk or the controls available to manage it.

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Ncontracts Selected as ICBA Preferred Service Provider for Vendor, Risk, and Compliance Management

N Contracts

Ncontracts, which provides integrated vendor, risk, and compliance management solutions, helps community banks confidently manage their enterprise risk and vendor management workload. BRENTWOOD, Tenn.,

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Ncontracts Announces AI-Powered Contract Management Tool for Financial Institutions to Improve Vendor Management and Save Money

N Contracts

January 16, 2024) -- Ncontracts , the leading provider of integrated compliance, risk, and vendor management solutions to the financial services industry, announces the launch of its new AI-powered Ntelligent Contracts Assistant module within Nvendor, reducing hours of arduous contract reviews into just minutes. Brentwood, Tenn.

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Vendor Risk Management Best Practices

Audit Board

The importance of robust vendor risk management, or “VRM”, practices has been illustrated by a number of cyberattacks and data breaches that have originated from vendors and gone on to significantly impact the organizations using their services. What is Vendor Risk?

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ESG and Vendor Risk Management: What You Need to Know

N Contracts

As environmental, social, and governance (ESG) issues continue to gain prominence, some financial institutions are looking for ways to integrate ESG considerations into their vendor risk management processes.

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8 Vendor Management Practices Examiners Are Looking For

N Contracts

Regulators recognize that third-party vendors play a critical role in delivering products and services and take compliance with vendor management regulations very seriously. What are they looking for?

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Third-Party Service Providers and Vendor Management: What Banks Need to Know About New Guidance

N Contracts

Two years after it was first proposed , the Interagency Guidance on Third-Party Relationships: Risk Management has been finalized.

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