Case Study: $600 Million Credit Union achieves regulatory compliance and cost savings with Ncontracts' Nvendor

Nvendor Is This Internal Audit Director’s Scalable Secret Weapon for Vendor Management

$600 Million Credit Union faced scattered contracts, no centralized vendor-management processes, frequent autorenewals, and regulatory scrutiny that left managers overwhelmed. The credit union’s internal audit director turned to Ncontracts’ vendor management solution, Nvendor (with Ncontracts Manager for contract administration), after using it successfully at several other institutions.

Ncontracts implemented Nvendor to centralize contracts, automate risk assessments and alerts, and provide expert contract reviews and exam-ready reporting. The result: increased vendor visibility, elimination of unwanted autorenewals (saving the credit union thousands of dollars), reduced manager workload through summarized contract reviews, quick implementation across the institution, and no findings from the NCUA on the vendor management program.