VendSure™ by Fortrex Technologies

Compliance Information Exchange
GBA has endorsed VendSure ™ by Fortrex Technologies, the industry's first compliance information exchange. A secure, online central repository accessible to both financial institutions and vendors, VendSure facilitates due-diligence documentation exchange and alleviates the strain involved in the process of disseminating and collecting due-diligence data. Designed for banks of any size, the portal includes automatic document tracking, mapping and notifications capabilities. Learn how VendSure can help improve the efficiency of your bank's third-party due-diligence process and ease your bank's compliance burden below.

Key Features:

  • Quickly and consistently disseminate and collect third-party due diligence data.
  • Automatically track document expiration dates and ensure latest versions are available to clients.
  • Instantly receive notifications for updated documents.
  • Promptly receive document mapping and reference to specific compliance controls—no more searching for the information you need.
  • Rapidly receive expert analysis and recommendations—no more interpreting SSAE16s.
  • Conveniently browse to a convenient, secure portal to access due diligence documentation and expert analysis reports 24/7.

Program Benefits:

  • Reduces the cost and complexity of meeting FFIEC vendor risk management requirements by outsourcing the due diligence gathering and review process.
  • Maximizes compliance resources and ensures all vendor relationships are being examined.
  • Assists financial institutions with the identification and tracking of specific risk items, enabling institutions to more efficiently manage and mitigate risk over time.
  • Maintains all due diligence documentation in one centralized portal—easy upload for vendors, easy download for financial institutions.
  • Ensures the most up-to-date compliance information is obtained and made easily available.
  • Allows financial institutions to choose from a multi-tiered service offering to best fit the organization's needs.
  • Integrated into Fortrex’s vendor management software, VendorPoint

To schedule a demo of this solution, please contact Fortrex's Megan Solfronk at 877.367.8739. With questions about GBA's endorsement of VendSure, contact David Oliver, 404.420.2036, or Bogan Brannen, 404.420.2014.



Contact
Megan Solfronk
877.367.8739

www.fortrex.com