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Recent news, articles, posts
The right way to do Vendor Management – part 3
This is part three of four of the Right Way to Do Vendor Management. In the first article, we overviewed vendor management as a system, with requirements about choosing the right vendor, contracting well, and measuring and monitoring vendors. In the second article, we overviewed vendor selection and choosing the right vendor. This article is about contracting well. Stay with us – it’s actually more interesting than you think.
read moreHappiness is a warm blanket
Famed cartoonist Charles Shultz titled one of his books “Happiness is a Warm Puppy.” We agree, but for a child in need – happiness can also be a warm blanket. Sometimes, people who have almost everything they need don’t recognize the little things that can be so meaningful – like a blanket for a child who is victim of abuse.
read moreA Pragmatic Approach to Due Diligence: Focus on what you can control, not what you can’t
When it comes to due diligence, you can spend countless hours chasing down every possible risk, working yourself and your team into a frenzy. Or you can take a pragmatic approach and become more astute at knowing how to answer to examiners and follow compliance guidance, without losing sight of the purpose of vendor management.
read moreThe right way to do Vendor Management – part 2
This is part two of four of the Right Way to Do Vendor Management. In the first article, we overviewed vendor management as a system with three parts: choosing the right vendor, contracting well, and measuring and monitoring vendors. This article is about the first, choosing the right vendor.
read moreThe right way to do Vendor Management – part 1
Part I in a four-part series about vendor management program requirements. “What’s really supposed to be in your vendor management program?” The answer is, ‘Your concrete plans for managing third party vendor risks to your…
read moreFederal Court decided Wells Fargo violated USAA’s patent rights for remote deposit capture
A federal court decided Wells Fargo violated USAA’s patent rights for remote deposit capture. We know some of you received “love letters” in the past from USAA, advising you are violating these patents by using remote deposit…
read moreContract traps: the contract term.
Do you ever wonder what is the right contract term (the length of the contract)? The answer: As short as possible. Part of a vendor management program is the negotiation of fair, risk-balanced contract terms – an overlooked…
read moreWolfPAC and Maple Street announce strategic partnership, enhancing WolfPAC’s enterprise risk management services
ORLANDO, Fla. —WolfPAC Integrated Risk Management®—the leader in risk management services and an integral part of the Risk Management Services provided by Wolf & Company, P.C.— and Maple Street Inc., the leader in…
read moreMaple Street teams with Argos Risk to offer risk intelligence
In our continuing effort to serve you better, Maple Street is proud to announce our strategic alliance with Argos Risk, a leading provider of third-party risk intelligence solutions. By expanding our range of services and…
read moreNCUA looking deeper into vendor management in 2019
According to NAFCU, National Credit Union Administration examiners are paying extra attention to vendor management and outsourcing processes in 2019. NCUA stated it would focus on the “oversight of service provider arrangements…
read moreGet laser focused on managing your vendors now!
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