Case Study: FHLBank Topeka achieves streamlined vendor risk management and reduced onboarding and assessment cycle time with ProcessUnity Vendor Cloud

Federally Chartered Bank Streamlines Vendor Risk Processes, Reduces Vendor Onboarding and Assessment Cycle Time

FHLBank Topeka, a federally chartered bank serving hundreds of member institutions and managing roughly 650 vendors, struggled with inefficient, manual vendor risk management using Excel, Word and email as its vendor base grew. To centralize and automate third‑party risk activities, the bank selected ProcessUnity and its SaaS offering, ProcessUnity Vendor Cloud, to replace manual processes and support a risk‑based vendor program.

ProcessUnity implemented Vendor Cloud in under three months, importing vendor inventories, configuring workflows and enabling inherent risk assessments with dynamic scoping and bulk automation. The platform cut processes that used to take most of a day to less than an hour, reduced vendor onboarding and assessment cycle time, eliminated time‑consuming manual effort, and streamlined reporting—giving FHLBank Topeka clearer visibility into vendor risks and faster, more comprehensive reports for management and regulators.

FHLBank Topeka

Autumn Franks

Officer, Vendor Risk Program Manager