AffirmX Vendor Management Solutions

stock laptop image

Guided workflow delivered via AffirmX's Risk Intel platform

The AffirmX Vendor Management Solution is a comprehensive project management program designed to provide your financial institution with the documentation tools and guidance it needs delivered right through the AffirmX Risk Intel Platform.

You’ll find a directed workflow, secure online storage of key documents for ready retrieval, questionnaires to guide you through the process, calendar prompts to keep you on track, and automatically generated reports to document vendor status at any point along the way. 

Our Vendor Management Solution offers:

  • A secure cloud-based storage system for all vendor contracts, reports and due diligence documentation with individual file folders for each vendor;
  • A customized Customer dashboard that displays pending and upcoming vendor due diligence tasks, alerts and notifications;
  • A Request for Proposal (RFP) guide to facilitate the development of RFPs for the more critical vendor relationships;
  • A checklist for vendor contract reviews;
  • An online product/service risk assessment questionnaire that produces a written risk assessment document;
  • A vendor selection questionnaire that produces a written vendor decisioning document;
  • An online work flow management tool for each vendor that provides prompts for due diligence documentation, such as financial statements, audit reports, insurance certificates, user references, etc., with customizable due dates and assignment responsibilities;
  • An online vendor risk assessment questionnaire that produces a written risk assessment report;
  • Assistance with securing due diligence documentation for high risk vendors;
  • An online vendor monitoring questionnaire that produces a written vendor monitoring report;
  • An online vendor assessment questionnaire triggered prior to contract renewal that produces a written report to document the renewal or termination decision; and
  • Vendor status reports for all managed vendors and a comprehensive detailed report reflecting all vendor management activities for each vendor in the system.
To schedule a demonstration or obtain more information, contact David Hawkins.