Banking, Insurance & Financial Services Providers
Enlighta enables Banks, Financial Services Providers, and Insurance companies to have auditable oversight to performance and compliance of third-party contracts.
Enlighta’s platform uniquely enables strategic supplier governance as well as third-party supplier risk monitoring.
With the growth in outsourcing at Banks, Insurance companies and Financial Services firms, there is an increase in regulatory scrutiny by the Office of the Comptroller of the Currency (OCC), Accounting and Corporate Regulatory Authority (ACRA), Federal Reserve Bank (FRB) and other regulators.
Enterprises have realized that the existing IT systems or GRC tools are inadequate to provide the detailed third-party contract compliance and performance management that is expected to satisfy regulatory oversight.
VMO and the TPRM groups have a lot going on and are typically small groups with limited bandwidth; a key challenge is to empower these groups with a robust platform without needing a lot of their time.
Enlighta’s platform uniquely addresses requirements of Banks, Insurance & Financial Services
Unlike point solutions, Enlighta addresses all facets of effective TPRM and Supplier Governance including performance management, contract compliance, third-party risk monitoring, compliance attestation and more. Enlighta integrates with leading GRC and Contract Management tools.
There are many different groups that have a stake in TPRM programs including Executives, Vendor Managers, Business stakeholders, Contract Managers, Compliance Groups, etc. The ability to support different needs of these stakeholder groups to drive adoption is critical.
Out of box collaborative processes help prevent operational issues from impacting relationships and fostering data-driven transparent engagements.
