ACA Aponix and ACA Technology Solutions, divisions of ACA Compliance Group ("ACA"), announced today the official release of ACA’s Vendor Management Platform, a centralized solution designed to streamline the vendor due diligence process and reduce the burden, risks, and costs associated with managing the vendor life cycle.
ACA’s Vendor Management Platform currently has more than 850 unique vendor participants as well as over 300 clients benefitting from the “white glove” support and deep domain expertise of ACA’s dedicated vendor management office services (“VMOS”) team. ACA’s VMOS team, which has provided vendor management solutions for over three years, assists users of the Vendor Management Platform with uploading vendor data, prioritizing vendor relationships, and coordinating the completion of vendor due diligence questionnaire (“DDQ”) responses.
Key benefits of ACA’s Vendor Management Platform include:
- Optimized client-vendor collaboration;
- Secure and user-friendly application;
- More accurate vendor risk profiles through industry- and client-specific vendor DDQs;
- “White glove” support from ACA’s VMOS team;
- Reduced administrative overhead; and
- Lower overall vendor management costs.
Benefits to vendors include reduced time and effort spent responding to client DDQ requests, allowing vendors to focus on servicing clients and improving their offerings.
Key features of ACA’s Vendor Management Platform include:
- Vendor Risk Dashboard — Provides at-a-glance insight into key metrics such as vendors diligenced, progress of DDQs, and identified risks;
- Vendor Risk Matrix — Displays identified vendor risks and tracks all vendor communication and mitigation/remediation activities;
- Vendor Registry — Centralizes vendor data in one location and allows for the easy initiation of vendor DDQ requests with ACA’s VMOS team; and
- Questionnaire Status — Allows you to quickly view the completion status of vendor DDQs and on-site reports.
“We are excited to provide our clients with a next-generation vendor risk management platform,” said Marc Lotti, Partner at ACA Aponix. “By combining a secure and efficient technology platform with the dedicated ‘white glove’ support and deep domain expertise of ACA’s VMOS team, ACA’s Vendor Management Platform benefits both clients and vendors by reducing the overall amount of time, effort, and costs associated with managing the client-vendor relationship.”
ACA’s vendor management solution is accessible from the ACA Platform in conjunction with ComplianceAlpha®.
Complimentary Webcast - Demonstration of ACA Aponix's Vendor Management Platform
Join us on Tuesday, January 16, 2018 at 11 a.m. ET for a webcast demonstration and Q&A on ACA Aponix's Vendor Management Platform. The webcast will include a demonstration of the platform’s key features by Henry Lindemann, Director of Business Development at ACA Aponix, as well as a Q&A led by Lindsay Baker and Sara Laverick, Principal Consultants with ACA Aponix’s Vendor Management Office Services (“VMOS”) team. Register here
About ACA Aponix
ACA Aponix, a division of ACA Compliance Group, provides cybersecurity and technology risk assessments, vendor and M&A diligence services, network testing, and advisory services. Our team of highly experienced technologists combines expertise across the breadth of cybersecurity and information technology. Our award-winning Technology Risk Assessment is designed to address the latest requirements from regulators and boards. We offer a suite of consulting and advisory services designed to help firms uncover risks and identify deficiencies in their cybersecurity policies, procedures, and controls.
About ACA Technology Solutions
ACA Technology Solutions is a division of ACA Compliance Group, a leading provider of risk management and technology solutions focused on regulatory compliance, performance, financial crime, and cybersecurity. Our clients include leading investment advisers, private fund managers, commodity trading advisors, investment companies, broker-dealers, and domestic and international banks. For the past 14 years, ACA Technology has successfully provided solutions to over 225 investment managers managing over $1.3 trillion AUM. Our team of financial technologists has real-world industry experience and understands the dynamic needs of today’s investment managers.
About ACA Compliance Group
ACA Compliance Group is a leading provider of risk management and technology solutions that focus on regulatory compliance, performance, and cybersecurity. We partner with our clients to help them build, enhance, and add controls to their business functions. Our clients include leading global bank and insurance company-affiliated or standalone asset management groups, investment companies, broker-dealers, private fund managers, and commodity trading advisors. Our products include standard and customized compliance packages; cybersecurity, AML, and risk assessments; GIPS® verifications and other performance services; and a wide variety of business advisory and technology solutions for financial services firms.
For More Information
For more information about ACA's Vendor Management Platform, please contact email@example.com at +1 (212) 951-1030 or contact your regular ACA consultant.