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Vendor Vault™

Vendor Vault™ is our powerful, yet easy-to-use technology platform for managing the entire vendor lifecycle, from onboarding new vendors, to ongoing management and continuous monitoring. It is the vehicle we use to deliver the full array of vendor management service to your institution.

Make Vendor Management Easy and Cost Effective

This comprehensive, fully integrated solution streamlines every facet of vendor management, providing your organization with a single source of truth. The system’s advanced architecture enables us to rapidly deploy new features and enhancements so you will always be in sync with the latest vendor management and compliance requirements.

 

When you engage Cornerstone for our Vendor Performance Management offering, you will gain access to all the benefits and features of Vendor Vault™.  This combination of white-glove vendor and contract management services, plus our robust platform, will enable your organization to turn vendor management into a strategic advantage for your bank or credit union, instead of a tedious and stressful compliance exercise.

$17.93M

 

Savings achieved for financial institution with $4.5B in assets

$15.67M

 

Savings achieved for financial institution with $927M in assets

$4.23M

 

Savings achieved for financial institution with $1.57B in assets

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Features & Capabilities

Technology to Manage Vendor Performance

When clients engage us for vendor management services, they will gain access to Vendor Vault™. Vendor Vault™ provides a robust, yet easy to learn and use platform with an array of features and capabilities designed to streamline and optimize your entire vendor management function.

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Vendor Contract Management

All vendor contracts are managed in one place, with accurate renewal, notice and termination dates and alerts.

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Review Tools and Assistance

Full service due diligence document gathering and review tools, with available review assistance, for year-over-year risk assessments.

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Risk Scorecard

Every vendor is automatically risk-ranked using a scorecard of inherent risk elements for every service in every contract. Inherent risk can also be manually scored by users, as an option if the system scores need to be tuned.

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Vendor Selection Tools

Suite of new vendor selection tools and vetting services for background, vetting, financial analysis and contract review for successful vendor selection and onboarding.

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Reporting

Comprehensive reporting available for internal review and communication for the board, leadership and management as well as external report packages and system access for examiners and auditors, as needed.

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Vendor Profiles

Every vendor has its own page for easy risk and relationship information and oversight needs.

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Vendor Survey Tools

Vendor survey tools for uncovering missing contracts and accurately managing the vendor inventory in real time as well as communication and tracking for missing and incomplete contract resolution work we are performing.

$6B+

Total negotiated contract deal value (since 2019)

Meet Your Vendor Vault™ Experts

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Josh Layne

VP of Client Success & Compliance

Josh Layne brings vendor management best practices and program development experience to Cornerstone Advisors. With nearly 20 years in the banking and credit union industry, he has worked with clients directly and through his team of success specialists to implement and create efficient and effective programs, right sized for each client's needs and focused on results.

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Brad Mason

Senior Director

Brad Mason expertly negotiates the complex strategic relationships between financial institutions and financial technology providers. Over the course of his career, Brad has led strategic business development at numerous major financial technology suppliers, an experience that has equipped him with keen insight into relationship negotiation, market and opportunity analysis, and coordinating cross-organizational teams for success.

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Kelli Schultz

Principal

Kelli Schultz is a seasoned strategic business executive with a proven track record of driving expansion and operational excellence within the payments and broader FinTech and RegTech sectors. With over 25 years of experience in building successful products, teams, and companies, Kelli excels in leading operational transformations and revamping business models to maximize revenue and capture cost reductions.

 

Additional Resources