Partnership to help regulated industries mitigate third-party financial risks
Argos Risk, an industry leader of Third-Party Risk Intelligence (TPRI) solutions, announced their Partnership Agreement with Vendor Centric, specializing in best-in-class vendor management software; providing a comprehensive suite of services and solutions to ensure control and management of third-party risk.
Vendor Centric follows a proven framework to help clients create a new or improve upon an existing vendor management program. They put the right resources, controls and systems in place to conduct due diligence, identify gaps, monitor risk exposure, and comply with regulations. In addition, Vendor Centric helps attain low-risk, high performing contracts by standardizing processes, strengthening control and leveraging technology.
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“When companies partner with the right vendors and third-parties, they realize an operational and competitive advantage they may be unable to achieve on their own. Our mission has been to help our clients obtain these advantages; while minimizing their risk and ensuring they comply with regulatory requirements,” said Tom Rogers, Founder and CEO. “Our strategic partnership with Argos Risk elevates our mission to the next level by providing the additional analytical tools needed to manage third-party risk and perform due diligence,” added Rogers.
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Argos Risk provides an affordable web-based subscription service that helps companies proactively manage third-party risk intelligence and business viability risks associated with their third-party relationships; including vendors, ACH/RDC originators, and direct and indirect lending clients.
“We are thrilled to formally welcome Vendor Centric to our network of partners. It is a great strategic fit and we are equally excited about the opportunity to help their clients assess and monitor their vendor viability,” said Lori Frank, Argos Risk President and CEO. “By working together, Vendor Centric clients will now have unprecedented insight and the additional ability to receive critical business metrics to minimize potential risks in their vendor and other third-party relationships.”
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