DS News - U.S. Bank

» VISIT US ONLINE @ DSNEWS.COM 55 SPECIAL ADVERTORIAL SECTION Risk Management/Due Diligence VENDORLY TM KEY PERSONNEL James Vaca Senior Vice President Michael Ehms Sales Manager STAFFING 45 company employees* GEOGRAPHICAL SCOPE AND COVERAGE AREA Global *As of May 2018 CORPORATE DETAILS Vendorly.com | Michael.Ehms@Vendorly.com COMPANY DESCRIPTION Vendorly TM is an innovative SaaS vendor management platform designed to help financial institutions manage their vendors and meet their evolving vendor oversight obligations. The Vendorly platform can help to streamline vendor due diligence, document maintenance, monitor- ing, and audits. Since its launch in 2016, Vendorly has onboarded over 90 clients. COMPANY HISTORY Vendorly launched in 2016 exclusively for members of the Lenders One ® Cooperative, a national alliance of independent mortgage bankers, and became available to the broader mortgage and financial services market outside of the Lenders One ® network in 2017. Vendorly was designed to help financial institutions manage their vendors and meet regulators' evolving vendor oversight obligations. REGULATORY COMPLIANCE Vendorly can help strengthen financial institutions' compliance management frameworks by making it easier to manage certifications and documents needed for vendor due diligence. This includes automatic searches of third-party databases, such as OFAC and CFPB, for complaints and incidents against that vendor. Addition- ally, clients receive documentation for each vendor and are able to easily run reports to gain insight into which vendors are not meeting specified compliance require- ments. BUSINESS LINES, SERVICES, AND PRODUCTS Vendorly offers managed vendor oversight services, including due diligence, document management, annual assessments, information security assessments, finan- cial condition reviews, and on-site audits. In addition to the software platform and operational support, Vendorly offers integrations with third parties to give its clients ac- cess to an array of due diligence resources. KEY FEATURES/BENEFITS Vendorly helps simplify third-party risk management processes so financial institutions can manage vendor relationships and keep compliant with regulatory guide- lines. For mature programs, Vendorly brings an extra layer of efficiency and control. For less mature programs, Vendorly provides a complete out-of-the-box solution to jump-start a program of any size or complexity. » Experience: Leverage experience honed over the years while overseeing 25,000+ vendors » Efficiency: Streamline client vendor management solutions » Control: Clients keep track of vendors in one place to help make audits and examination requests manageable COMPETITVE ADVANTAGE Why Vendorly? » Onboarded 90+ financial institutions » Network of 25,000+ vendors » 19,000+ active customer and vendor users » 221 customizable certification packages and nearly 422 certification artifacts » 18,800+ integrated compliance bots executed with an average of 2,000+ bots per month in Q1 2018 ADDED CLIENT VALUE Vendorly is focused on continuously expanding the value provided to its clients. In the past year, Vendorly has sig- nificantly grown its third-party oversight data providers, making it easier to order services from these providers. Vendorly has also upgraded its reporting module to meet the evolving requirements of its clients, demonstrating Vendorly's commitment to giving its customers the tools they need to help efficiently manage their vendor man- agement processes. KEYS TO SUCCESS Vendorly ensures that vendors are rigorously screened with due diligence requirements commensurate with the level of risk and complexity of the third-party relationship during onboarding and on an ongoing basis. Oversight can be configured, at a vendor level, to handle any combination of due diligence checks depending on complexity. Document and follow a vendor oversight policy & procedure » Vendor inventory across the organization » Classify vendors into various risk tiers » Define oversight requirements for each of the tiers » Conduct initial & ongoing oversight » Monitor, remediate & revisit Vendorly gets to know each customer and the unique needs of their operations. These insights guide the company as they develop a dymanic solution that helps simplify vendor oversight. INDUSTRY AWARDS, ACCOLADES, AND MILESTONES 2018 HousingWire Tech100 TM Winner

• Cover