Facilitated by Chris Monti, Cornerstone Advisors
In today’s regulatory landscape, Enterprise Risk Management and Vendor Management present significant compliance challenges for community banks, often requiring extensive resources and resulting in substantial costs. Many banks struggle to implement effective strategies that truly enhance performance and efficiency.
This presentation will introduce the Cornerstone approach to vendor management, emphasizing a lifecycle methodology that encompasses vendor selection, contract negotiation, and ongoing performance assessment. Attendees will discover how to establish a fully compliant Vendor Management program while significantly reducing the time and effort required to meet regulatory demands.
We will also explore the Vendor Performance Management program, which facilitates informed service selection to ensure that banking teams partner with the most suitable vendors efficiently. Additionally, we will demonstrate how our Vendor Vault and Contract Vault can optimize contract terms and pricing, ultimately delivering a positive return on investment.
Join us as we empower banking executives to navigate the evolving landscape of technology and compliance, creating smarter, more efficient banks.