Brentwood, Tennessee (PRWEB) March 14, 2014
The Community Bankers Association of Ohio has selected Ncontracts, a leading provider of vendor management and contract management, as the Association’s choice for vendor and contract management and compliance services.
Vendor management is a hot topic for financial institutions, which face growing compliance scrutiny and costs. Ncontracts web-based solution allows banks to assess vendor risk ratings and enables them to respond quickly to regulator inquiries and audit demands of examiners. Services include vendor management and monitoring, due diligence gathering and analysis, and contract management. By utilizing Ncontracts, financial institutions can reduce expenses, enhance profitability, and improve internal efficiencies.
The time and expertise required to manage vendors and handle the due diligence gathering and analysis expected by regulators is becoming unmanageable for many community banks. CBAO’s Products and Services committee vetted many companies and selected Ncontracts as their preferred vendor because their solution is user friendly, affordable, and geared towards the community bank market.
“When a respected and trusted organization like the Community Bankers Association of Ohio endorses a solution, it provides immediate substantiation that our solution provides tangible benefits and substantial cost savings. We are excited to work with the Community Bankers Association of Ohio to provide vendor and contract management services to their member banks,” said Michael Berman, CEO of Ncontracts.
About Community Bankers Association of Ohio (CBAO)
Community Bankers Association of Ohio (CBAO) is organized to establish and maintain an informed network of independent community banks in the state of Ohio that will have the influence and commitment to effectively serve, protect and promote the interests of its members through:
Ncontracts® is a leading provider of vendor and contract management services in the United States. Ncontracts combines full service implementation services with a professional contract management application that provides clients with the ability to have insightful summaries of their contracts, alert notifications, and robust compliance services. Together, these features allow clients to reduce expenses, enhance profitability, and improve internal efficiencies. For more information, visit http://www.ncontracts.com.