Reduce liability for losses on commercial accounts by adhering to four requirements.
Fidelity Bank of Kansas Selects VendorINSIGHT for Vendor Management
Sept 7 - Fidelity Bank, the second largest locally owned financial institution in Wichita, Kan., with more than $1.5 billion in assets, has chosen VendorINSIGHT to manage its vendor risk and performance management program.
Fidelity Bank’s focus on the customer and providing them service, convenience and the opportunity to grow financially has been their guiding philosophy for over 100 years. This dedication to personalized customer service played a huge role in differentiating VendorINSIGHT from other vendor management solutions. VendorINSIGHT assigns a dedicated program manager who will assist each customer in all aspects of getting set up on the system and will remain the dedicated point of contact for the duration of the relationship.
There are currently 17 Fidelity retail banking locations in Wichita and Derby and five additional branches in the Oklahoma City area. With the bank’s growing presence in the Midwest, it saw the need for an efficient process that would manage its vendors and contracts and keep them up to date on compliance and regulatory issues.
“CMPG’s VendorINSIGHT product is helping us to identify the risks in our third-party relationships and centralize our contracts and other due diligence documents,” states Brad Bischoff, Fidelity Bank’s vice president of compliance. “VendorINSIGHT is easy to use and I am pleased with their customer service. They are always very responsive and that is crucial to us.”
VendorINSIGHT is the foremost vendor management system and is the leader in vendor management among governance, risk and compliance solutions providers. VendorINSIGHT is a subsidiary of CMPG LLC, based in Cincinnati. VendorINSIGHT delivers sophisticated and easy-to-use vendor management solution, backed by CMPG’s leadership, expertise and exceptional customer service, to help companies manage third party and vendor risk and improve operational performance and compliance. CMPG is a professional services and software company that provides strategic profit enhancement and process development programs for financial institutions and other Fortune 500 companies in the United States.