Sydel Xpert Software

VendorXpert

VendorXpert was created specifically to assist credit union officials in performing the required due diligence as required by NCUA* in risk management as it relates to third-party relationships.

*NCUA Letters to Credit Unions 01-CU-20 and 07-CU-13.

Vendor Xpert utilizes risk management metrics to monitor and maintain the following:

Due diligence in vendor selection
Mathematical risk analysis to find areas of exposure
Vendor internal control documentation
Vendor agreement and maintenance agreements
Tracking payments versus agreement terms to ensure payments are within tolerances for the approved agreement
Continuous supervision and monitoring of vendors using a risk-based model with proactive alerts of contract expiration dates, insurance requirements and required documents established as terms of the agreement documents

ReconXpert

ReconXpert can eliminate time consuming manual reconciliations. It can be used to reconcile:

Accounts Payable Transactions
ATM Transaction
Credit Card Statements
Depreciable and Fixed Assets
Federal Reserve (FedLine)
Corporate Accounts
General Ledger Accounts

Press Releases

August 2008 - Two Credit Unions Select VendorXpert to Better Assess and Monitor Vendors

May 2008 - ISS Named Exclusive Credit Union Reseller of Vendor Risk Software

Free Demonstration

To schedule a free demonstration of the software contact Jon Rhodes of ISS by calling 301-801-3083 or emailing jrhodes@issone.com.

Customer Quotes

"We believe that with VendorXpert we should be able to identify, monitor and control our risks related to third-party vendors without increasing our staff".
Cindy Prestandrea,
CEO of PGCFCU

"In today's market, you must be able to keep close tabs on all organizations that provide services to the credit union. You also need to have a system that reminds you of important contractual terms including renewal dates and penalties. This software might help us save more money in the first couple of years than its modest licensing fee."
Bill Hawkins,
CEO of HSFCU