AMERICAN SYSTEMS offers Vendor Risk Management, an innovative approach to identifying and eliminating the critical issues behind our clients’ vendor relationships. In today’s regulatory climate, which includes Gramm Leech Bliley (GLBA), FFIEC Outsourcing technology service providers and Sarbanes Oxley, organizations must address IT governance comprehensively; vendor management is a critical component in compliance.
By systemically evaluating each vendor’s service to a clients’ organization, we quickly identify areas of vulnerability and risk. Our model explores these important areas and lowers costs and risk, improves controls, raises standards, and complies with GLBA and FFIEC mandates. American Systems five-step methodology for risk management delivers hands-on tools, checklists, policies, and procedures in a complete program for effective compliance and process controls. Through this methodology, our clients understand specific areas of vulnerability more quickly and can immediately begin remediation.