Ncontracts - Risk & Vendor Management Software & Services

Verified Vendor
Vendor214 Overlook Circle, Suite 152
Brentwood, TN37027
Ownership: Private

Description

Ncontracts is a leading provider of risk and vendor management software and services to financial institutions. While we started with our industry-leading vendor management platform, our portfolio offerings have evolved to feature enterprise risk management, business continuity planning, compliance management, findings management, and cybersecurity management.

Products

Nvendor - Vendor Management Software

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Nvendor is a secure, feature-rich, online vendor and contract management solution that enables financial institutions to achieve and maintain regulatory compliance in their third-party vendor relationships.

Software-only vendor management products cannot cut it in today’s evolving financial landscape. Increasing industry regulations and compliance scrutiny mean financial institutions need more comprehensive support outside of software installation and user training.

Financial institutions that use Nvendor get much more than software. They also receive the benefit of leveraging our experienced team of legal, financial and technology experts who provide guidance regarding their overall risk management obligations.

The Ncontracts Vendor Management Team combines proven methodology, software, and more than two decades of legal, financial, contract, and compliance expertise to help financial industry clients assess, identify, automate contracts and reporting, and maintain critical vendor management areas.

Our Client Services Team provides personalized training on software dashboards and works to resolve any technical or account challenges clients may encounter.

These include:

  • Vendor Policy and procedures
  • Vendor Classification
  • Contract Management
  • Vendor Due Diligence
  • Risk Assessment
  • Vendor Monitoring

Ncyber - Online Cybersecurity Assessment Tool

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Ncyber is a secure online system that provides the FFIEC Cybersecurity Assessment Tool in an easy to utilize format to help financial institutions analyze their inherent risk and cybersecurity maturity levels. Ncyber integrates with the other solution sets provided by Ncontracts to improve inefficiencies and accuracy of the assessment.

With Ncyber, any financial institution can collaborate internally to assess their risk and access robust reporting.

Nrisk - Improve Risk Management Processes

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Nrisk is a secure, online risk management solution that enables financial institutions to continuously measure financial and non-financial impacts by location, department, business process, application, or line of business. Nrisk simplifies the risk assessment process using natural language navigators and wizards that guide users step-by-step through the process of evaluating risk and related financial exposures. Nrisk also comes preloaded with over 2,000 risks and 1,500 controls covering all areas of your institution.

Join us next week! Vendor Policy: Solving the Mystery of Classifying Vendors

Employee at a Company (USA)

You are invited to our August webinar discussing the vendor classification. Register for free today! If you are not able to make it to the live event, the recording will be available for download afterwards.

If your vendors are labeled or classified solely by dollar amount, you may be in for a surprise. The amount you spend on a vendor, may not correlate to the risk that vendor poses to your institution. There are many factors that you have to consider when labeling a vendor, such as GLBA Information, the financial and operational effects on the institution, if the vendor were unable to provide services and the ability to replace a vendor, which should be included in your Third-Party Risk Management Policy and Procedures. All vendors are not created equal. It’s easy to try to categorize them using broad terms, but that may be too vague to be effective. This webinar will help you with best practices for classifying vendors within a comprehensive management policy for your third-party risk program. We will discuss:

  • Regulatory guidance and requirements for labeling and classifying vendors
  • What criteria should you be using to achieve this task
  • Too broad or too narrow – What you should include in your Policy and Procedures

Register Today!

    Compliance Emergency Room: Tracking Exam and Audit Findings

    Employee at a Company (USA)

    Good morning, Bankers. Today we are discussing compliance programs within financial institutions. This post originally appeared on the Ncontracts blog.

    Compliance Emergency Room

    Tracking Exam and Audit Findings

    But what happens when a bank’s compliance program has an emergency? Too often, it doesn’t get the attention it needs, and the consequences can be dire...

    READ THE FULL ARTICLE: Download the attached PDF

      When Third-Party Vendors Mean Quadruple the Risk

      Employee at a Company (USA)

      Good afternoon, Bankers. Today we are discussing the hidden risks behind fourth-party vendors. This post originally appeared on the Ncontracts blog.

      When Third-Party Vendors Mean Quadruple the Risk

      How fourth-party vendors may be costing your institution

      Are you fully measuring risks and costs? If your vendors are outsourcing, you may be underestimating your exposure to fourth-party vendors...

      READ THE FULL ARTICLE: Download the attached PDF

        Four Ways to Ensure Your Vendors Are Prepared for Disaster

        Employee at a Company (USA)

        TGIF, Bankers! Today we are discussing how disasters affect both you and your third-party vendors and how to prepare your BCP for both. This post originally appeared on the Ncontracts blog.

        Four Ways to Ensure Your Vendors Are Prepared for Disaster

        You believe your institution is prepared for a disaster—but are your vendors?

        READ THE FULL ARTICLE: Download the attached PDF

          Last Chance to Register! Lessons Learned: What a First-Hand Account of 9/11 Can Teach Us About Business Continuity Planning

          Employee at a Company (USA)

          Don't forget - you are invited to our July webinar discussing the impact of BCP on 9/11. Register for free today! If you are not able to make it to the live event, the recording will be available for download afterwards.

          On September 11, 2001, Lt. Col. Darling worked for the White House Military Office, Airlift Operations Department. It was in this position that he supported the President, Vice President and National Security Advisor in the underground President’s Emergency Operations Center and witnessed unprecedented leadership and decision-making at the highest levels of our government. With this life-changing attack on our nation, Lt. Col. Darling saw first-hand how imperative it is to have proper planning in place in the event of a disaster.

          This special joint webinar will showcase the compelling parallels in planning for and executing on business continuity planning and disaster recovery while Darling shares his story. Key takeaways include:

          • The role of leadership in a crisis – and how to adapt when the leader is absent
          • Determining how much training/planning is enough
          • Best practices for crisis decision making
          • Understanding the difference between business continuity planning and disaster recovery – and putting plans for both in place

          Register Today

            FS-ISAC: Third Parties “Still a Big Risk”

            Employee at a Company (USA)

            Good morning, Bankers! Today we are discussing the findings in the FS-ISAC's June Risk Summary Report. This post originally appeared on the Ncontracts blog.

            FS-ISAC: Third Parties “Still a Big Risk”

            Financial institutions need to continue to pay close attention to third-party access points, control objectives, reporting, monitoring, and gap analysis for the foreseeable future, according to an article in the Financial Services Information Sharing and Analysis Center’s (FS-ISAC) June Risk Summary Report...

            READ THE FULL ARTICLE: Download the attached PDF

              Wells Fargo Scandals: Re-Established 2018

              Employee at a Company (USA)

              Hello, Bankers! Today we are discussing why Wells Fargo is back in the news! This post originally appeared on the Ncontracts blog.

              Wells Fargo Scandals: Re-Established 2018

              Barely a month after launching its “Re-Established” ad campaign with ads about “Earning Back Your Trust”, Wells Fargo is in trouble again. This time it’s settling Securities and Exchange Commission (SEC) charges for violating its own internal policies...

              READ THE FULL ARTICLE: Download the attached PDF

                Free July Webinar - Lessons Learned: What a First-Hand Account of 9/11 Can Teach Us About Business Continuity Planning

                Employee at a Company (USA)

                Join us for our July webinar! Lt. Col. Darling discusses critical lessons learned on 9/11 and what they teach us about BCP - whether we are leading a bank or the United States of America. Register for free today! If you are not able to make it to the live event, we will send you the recording afterwards.

                LESSONS LEARNED: What a First-Hand Account of 9/11 Can Teach Us About Business Continuity Planning

                On September 11, 2001, Lt. Col. Darling worked for the White House Military Office, Airlift Operations Department. It was in this position that he supported the President, Vice President and National Security Advisor in the underground President’s Emergency Operations Center and witnessed unprecedented leadership and decision-making at the highest levels of our government. With this life-changing attack on our nation, Lt. Col. Darling saw first-hand how imperative it is to have proper planning in place in the event of a disaster.

                This special joint webinar will showcase the compelling parallels in planning for and executing on business continuity planning and disaster recovery while Darling shares his story. Key takeaways include:

                • The role of leadership in a crisis – and how to adapt when the leader is absent
                • Determining how much training/planning is enough
                • Best practices for crisis decision making
                • Understanding the difference between business continuity planning and disaster recovery – and putting plans for both in place

                  Becoming Unbreakable: Why Business Continuity is Critical for FIs

                  Employee at a Company (USA)

                  Hello, Bankers! Today we are discussing the importance of BCP to the overall health and longevity of your institution. This post originally appeared on the Ncontracts blog.

                  Becoming Unbreakable: Why Business Continuity is Critical for FIs

                  Effective business continuity plans (BCPs) are essential for any business but especially critical for financial institutions. Though they vary from bank-to-bank (or credit union), the fundamentals of retail banking are the same...

                  READ THE FULL ARTICLE: Download the attached PDF

                    Don't miss out! Free Contract Management and e-Signature Webinar

                    Employee at a Company (USA)

                    You are invited to our June webinar discussing the benefits of automating e-signature and contract management and its importance in managing third party risk. Register for free today! If you are not able to make it to the live event, we will send you the recording afterwards.

                    Lost in Space: The Benefits of Automation in New Worlds of Contract Management and e-Signature

                    Danger, Will Robinson! Stay out of harm’s way! Is that sentiment present at your financial institution, with unseen problems lurking with all the contracts in each department? The contract problems vary: outdated templates, multiple versions in circulation, no monitoring of renewal dates, no central repository, lack of compliance/due diligence as well as service level agreements. And in addition to that, there’s the issue of e-signature and how contracts are finalized. And if these challenges do exist in your financial institution, who wants to spearhead these process changes? This workshop will address:

                    • The evolution of electronic signatures and documents
                    • How best to utilize e-signature throughout your financial institution
                    • Addressing regulatory compliance for e-signature
                    • Assessing the situation of your contract management and signature workflows
                    • Best practices in the evolution of the contract, i.e. drafting, negotiating, finalizing, enacting
                    • Insights on the benefits of automation to gain control of your fiduciary responsibilities through contracts
                    • The importance of managing third party risk by automating and capturing the data

                    By automating e-signature and contract management, you’ll have seamless workflows that protect your financial institution – here and beyond!

                    Register Today

                      The Perps Behind Cyber Crime May Not Always Be Who You Think

                      Employee at a Company (USA)

                      Happy Friday, Bankers! Today we are discussing cyber crime. This post originally appeared on the Ncontracts blog.

                      The Perps Behind Cyber Crime May Not Always Be Who You Think

                      Have you heard of social engineers? You may imagine them as professionals who bring people into fellowship for the greater good, but that's not even close...

                      READ THE FULL ARTICLE: Download the attached PDF

                        What is Vendor Management? 7 Tips for Vendor Management Success

                        Employee at a Company (USA)

                        Good morning, Bankers! Today we are discussing best practices for successful vendor management. This post originally appeared on the Ncontracts blog.

                        7 Tips for Vendor Management Success

                        Vendor management is the process by which an organization's third and fourth-party vendor contracts, expectations and business dealings are organized within a single system, making it easy to find, report on and edit vendor agreements. When looking for ways to achieve vendor management success, here are some pointers...

                        READ THE FULL ARTICLE: Download the attached PDF

                          Have a Service Level Agreement (SLA) for Every Vendor

                          Employee at a Company (USA)

                          Good morning, Bankers! Today we are discussing the importance of Service Level Agreements (SLAs). This post originally appeared on the Ncontracts blog.

                          Have a Service Level Agreement (SLA) for Every Vendor

                          In the world of vendor management, there are very few things that can hurt your financial institution more than declining vendor financial performance. When this happens, be on the lookout for unforeseen drawbacks...

                          READ THE FULL ARTICLE: Download the attached PDF

                            Free June Webinar - Lost in Space: The Benefits of Automation in New Worlds of Contract Management and e-Signature

                            Employee at a Company (USA)

                            Good afternoon, Bankers! You are invited to our June webinar discussing the benefits of automating e-signature and contract management and its importance in managing third party risk. Register for free today! If you are not able to make it to the live event, we will send you the recording afterwards.

                            Danger, Will Robinson! Stay out of harm’s way! Is that sentiment present at your financial institution, with unseen problems lurking with all the contracts in each department? The contract problems vary: outdated templates, multiple versions in circulation, no monitoring of renewal dates, no central repository, lack of compliance/due diligence as well as service level agreements. And in addition to that, there’s the issue of e-signature and how contracts are finalized. And if these challenges do exist in your financial institution, who wants to spearhead these process changes? This workshop will address:

                            • The evolution of electronic signatures and documents
                            • How best to utilize e-signature throughout your financial institution
                            • Addressing regulatory compliance for e-signature
                            • Assessing the situation of your contract management and signature workflows
                            • Best practices in the evolution of the contract, i.e. drafting, negotiating, finalizing, enacting
                            • Insights on the benefits of automation to gain control of your fiduciary responsibilities through contracts
                            • The importance of managing third party risk by automating and capturing the data

                            By automating e-signature and contract management, you’ll have seamless workflows that protect your financial institution – here and beyond!

                            Register Today

                              5 Tips for Better Contract Management

                              Employee at a Company (USA)

                              Good afternoon, Bankers! Today we are discussing improving contract management. This post originally appeared on the Ncontracts blog.

                              5 Tips for Better Contract Management

                              Contracts can be the bane of your business since they contain a lot more moving parts than meets the eye. This means it's even easier to take major missteps on the path to effective and efficient contract management. But, these 5 tips can help...

                              READ THE FULL ARTICLE: Download the attached PDF

                                Reminder! Free May Webinar - Managing the Risk of Cyber Threats: Assessing Third Parties and Measuring What Matters

                                Employee at a Company (USA)

                                Don't forget! You are invited to our May webinar discussing the risks and opportunities associated with cyber threats. Register for free today! If you are not able to make it to the live event, we will send you the recording afterwards.

                                A recent Harvard Business Review survey stated that 85% of those surveyed expect financial impact to rise from cyber breaches while only 23% of respondents said their strategic plan addresses business risk. Join study co-author & leading cyber expert Reid Sawyer and third-party risk expert Michael Berman for a presentation that’s sure to help both C suite and frontline managers better understand the risks and opportunities associated with this timely issue of cyber risk.

                                Session takeaways:

                                • Exploration of how FFIEC, OCC, FDIC and Fed mandates overlap regarding vendor management
                                • Best practices in vendor due diligence reviews and contract management to decrease cyber risk
                                • Re-conceptualize threats from a strategic not tactical mindset
                                • Mandates for stress testing
                                • What the future holds with cyber risk

                                Register Today

                                  When Your Vendor Says 'Your Data Was Breached - Six Months Ago.'

                                  Employee at a Company (USA)

                                  Good morning, Bankers! Today we are discussing how to respond to a nightmare situation: a data breach your vendor failed to report in a timely fashion. This post originally appeared on the Ncontracts blog.

                                  When Your Vendor Says 'Your Data Was Breached - Six Months Ago.'

                                  What's worse than a vendor that suffers a data breach that exposes your sensitive customer information? The answer: A vendor that waits almost six months to tell you about it...

                                  READ THE FULL ARTICLE: Download the attached PDF

                                    Free May Webinar - Managing the Risk of Cyber Threats: Assessing Third Parties and Measuring What Matters

                                    Employee at a Company (USA)

                                    Hello, Bankers! You are invited to our May webinar discussing the risks and opportunities associated with cyber threats. Register for free today! If you are not able to make it to the live event, we will send you the recording afterwards.

                                    A recent Harvard Business Review survey stated that 85% of those surveyed expect financial impact to rise from cyber breaches while only 23% of respondents said their strategic plan addresses business risk. Join study co-author & leading cyber expert Reid Sawyer and third-party risk expert Michael Berman for a presentation that’s sure to help both C suite and frontline managers better understand the risks and opportunities associated with this timely issue of cyber risk.

                                    Session takeaways:

                                    • Exploration of how FFIEC, OCC, FDIC and Fed mandates overlap regarding vendor management
                                    • Best practices in vendor due diligence reviews and contract management to decrease cyber risk
                                    • Re-conceptualize threats from a strategic not tactical mindset
                                    • Mandates for stress testing
                                    • What the future holds with cyber risk

                                    Register Today

                                      New Regulatory Guidance About Cybersecurity Insurance

                                      Employee at a Company (USA)

                                      Hello, Bankers! Today we are discussing cybersecurity insurance. This post originally appeared on the Ncontracts blog.

                                      New Regulatory Guidance About Cybersecurity Insurance

                                      Does your institution need cybersecurity insurance? Is it required? If utilized, are there rules? Cybersecurity insurance can protect against financial loss in the event of a cyber incident, but there are many intricate details...

                                      READ THE FULL ARTICLE: Download the attached PDF

                                        Are You and Your Vendors Ready for GDPR?

                                        Employee at a Company (USA)

                                        Happy Friday, Bankers! Today we are discussing GDPR - the new E.U. privacy regulations coming in May. This post originally appeared on the Ncontracts blog.

                                        Are You and Your Vendors Ready for GDPR?

                                        All may be relatively quiet on the regulatory front in the U.S., but this May new privacy regulations are taking effect in the European Union, which will likely impact even the most provincial U.S. financial institutions...

                                        READ THE FULL ARTICLE: Download the attached PDF

                                        • CIO at a bank ($657MUSA)

                                          We have many differences of opinion as to whether or not GDPR will have legal standing in the US.