Vendor Due Diligence & Effective Vendor Management 2024 | Financial Education & Development Inc. | 13 August 2024 | Webinar

From selecting the best available vendor to negotiating a fair contract to identifying and correcting performance issues, this presentation will examine the practical and regulatory requirements for managing third-party relationships. It will also explore the operational details of creating an effective vendor management program.

After this webinar you’ll be able to:
• Evaluate and update your vendor management process
• Reduce the compliance risk associated with critical vendors
• Maximize vendor contract negotiations
• Understand escape options and hidden costs
• Create solid staff oversight and quality control

Vendor management continues to be a high-priority operational and regulatory issue because every financial institution entrusts some of its most sensitive information, financial resources, and core business processes to third-party vendors. The explosion of virtual operations and remote services has introduced more opportunities, more vendors, and more risks into your processes.

If something goes wrong with a third-party relationship, guess who will get the blame: you! On top of that, consider how much of your budget is paid directly to vendors. Make sure your institution is getting the most from vendors while weathering the increased examination scrutiny.

Who Should Attend?
This interesting webinar will benefit executives, in-house counsel, compliance staff, financial staff, accounting professionals, accounts payable personnel, department managers, and anyone involved with the vendor management process.

2024 Speaker

PRESENTER:

David A. Reed
Partner, Reed & Jolly, PLLC