Gain Control and Visibility over 3rd Party & 4th Party Vendor Risk
Millennium's Vendor Management Platform powered by VendorRisk is available to lenders to meet demanding regulatory compliance requirements for 3rd and 4th party vendors.
Complete Visibility
Complete visibility to all your vendors at all levels:
Ensured 3rd & 4th Party Transparency
Standardizes Vetting, Due Diligence, Complaint Management, and Scorecarding with Detailed Documents
Audit-Ready Report Templates with Secure Remote Access
Minimize Risk
Assess risk exposure to mitigate your 3rd & 4th party vendor concerns
Focus your efforts on your critical vendors
Risk matrix determines vendor's overall risk level based on selected individual risk levels
Flexible review process, whether evaluated by individual or committee
Audit-Ready Reporting
Standard reports & templates provided
Build your own reports
Secure remote access
Schedule Reminders So Nothing Falls Through the Cracks
Select the factor you want to keep an eye on; set your frequency, notification time, and more - added visibility
