Ncontracts Recognized as Experts on Vendor Management

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Vendor Management is a hot topic for financial institutions, which face growing compliance scrutiny and costs. Ncontracts has been engaged by banking associations across the country to educate on effective vendor compliance and contract management solutions.

"Michael Berman is a recognized expert on vendor management and compliance issues."

Ncontracts (http://www.ncontracts.com) has been engaged by financial institutions for over five years as resource to help banks manage third party risk. Vendor management is a hot topic for financial institutions, which face growing compliance scrutiny and costs. On February 6, 2015 the FFIEC issued new guidance (http://www.ffiec.gov/press/PDF/FFIEC_Appendix_J.pdf) updating the components of an effective third-party vendor management program. As Michael Berman, CEO of Ncontracts, explains “regulatory expectations will continue to evolve and banking professionals need to be proactive in preparing for the residual risks that could impact their institution”.

Ncontracts is an endorsed partner of the Western Independent Bankers (WIB) Association and later this year Mr. Berman will be speaking at their Annual Education Summit. “Michael Berman is a recognized expert on vendor management and compliance issues. He has lead several of our education sessions in the past and we look forward to having him back this year,” said Betty House, Senior Vice President and Chief Technology Officer of the WIB.
In addition to this event, Ncontracts will be providing live educational presentations in California, Hawaii, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Oregon, Tennessee, and Texas. Ncontracts provides online seminars on the latest vendor management issues and regulations throughout the year.

About Western Independent Bankers and WIB Service Corporation
Established in 1937, Western Independent Bankers (WIB) is a trade association that informs, educates and connects community banks with the resources and services to achieve the highest standards of personal and organizational performance. WIB has more than 200 community and independent banks as members in the 13 Western states of Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, Wyoming and the U.S. Territories; and 175 bank service providers. WIB Service Corporation is a wholly owned subsidiary of Western Independent Bankers that provides high-quality, value-added services and products that enhance the competitive advantage of WIB member banks. For more information, go to http://www.wib.org.

About Ncontracts
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 or contact Cathy Isaacs at cathy.isaacs(AT)ncontracts.com

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