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VRMCentral is a comprehensive contract and vendor management system that will reduce costs and mprove efficiency by eliminating hours of manual work. Version 1.1.0 Just Released! New Features: - Create custom fields for any screen.
- Create custom reports using the Report Writer.
- Track Issues related to vendor performance.
- Role-based security has been added.
- Due Diligence policy items assigned based on risk level.
- Records transaction activity information.
| VRMCentral Core Features | Benefit to Credit Union | | Maintain vendor information including contacts. | Centralized location of vendor information eliminates the need to maintain spreadsheets. | | Maintain contract information including term dates. | Credit union is aware of every contract and agreement. Accounting can review before paying an invoice. | | Built-in NCUA Third Party Questionnaire. | Credit union answers the same questions the examiner will use when evaluating third party relationships. Questions can be updated by the credit union as examiners adjust their questionaire. | | Document repository | Centralized and secured location of vendor documents reduces the need to search network drives for PDF and other files. | | Create and assign employee action items | Provides on-going monitoring of vendors and contracts that can be assigned to employees for completion. | | Reporting | Detailed reports including the Third Party Relationship Questionnaire saves hours of compiling spreadsheet data maually. | | | | | | |
Questions? Please call Jaime Fuhr at 1-866-422-0388 ext 1001.
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