NAPERVILLE, Ill. – Financial Abatement Services Inc. (FASI), an affiliate and distributor of Lending Solutions, Inc. (LSI), said that Baxter Credit Union (BCU) has implemented ViClarity’s Enterprise Risk Management (ERM) solution.
The credit union will be using ViClarity’s web-based software in the areas of risk, compliance, and vendor management tracking.
According to the company, ViClarity’s Enterprise Risk Management solution allows its clients to track and monitor performance and compliance in their organizations. The tool can be used to gather and verify performance/compliance data and enables managers to view performance in real time on a single user- friendly dashboard. It added that the system tracks and enables the ongoing monitoring of key strategic, operational or compliance objectives/metrics and effectively drives accountability at different levels of management within the organization. The software maintains a full trail of all activities for audit purposes and provides robust reporting.
"The management of BCU’s existing vendor review process has always been a manual process using a number of non-integrated systems. As a result, the annual review process was a time-consuming undertaking to manage,” stated Cheryl Turner, BCU vendor management and contracts administrator. “The introduction of the ViClarity ERM solution has drastically improved my ability to efficiently manage BCU’s vendor management program for existing and new vendors. The software is simple to use, customizable and implementation took no more than a few weeks.”