OCC, FDIC, and FFIEC guidance requires financial institutions to maintain written agreements with key third parties that address performance standards, audit rights, and termination provisions. VendorRisk centralizes every contract, tracks critical provisions, and alerts you to renewals and expirations — so your documentation is always examination-ready.
Monitor key dates like start, end, and notice deadlines to ensure you never miss critical renewal or termination windows.
Keep tabs on contracts nearing expiration with visual alerts and sorting directly from your homepage.
Send reminders based on custom notification or expiration dates to stay ahead of contract milestones.
Link as many contracts as needed to each vendor record — no artificial limits or license add-ons.
Record and reference the financial terms of each contract — ensuring spend visibility and budgeting accuracy.
Choose from a library of 30+ provisions to document the clauses regulators look for — including indemnity, audit rights, business continuity, data security, and termination.
Define your own contract types and associated document labels to align with internal terminology.
Enter service level expectations and terms directly into each contract for easier review and enforcement.
Build reports that aggregate key contract data—useful for audits, legal reviews, and renewals.
Allow VendorRisk to extend contract dates based on configured renewal rules—minimizing manual upkeep.
Link sub-agreements or addendums to a parent contract to show hierarchy and context.
Tailor the contract module with the exact data points your legal or procurement teams need.
Track SLA terms, key provisions, renewal dates, and spend — all in one place, always ready for your next exam.
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