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SOURCE: Network Contract Solutions
Endorsement means KBA recommends their community banks use Ncontracts for vendor management compliance services
Brentwood, TN (PRWEB) February 11, 2013
The Kentucky Bankers Association (http://www.kybanks.com) has selected and endorsed Ncontracts (http://www.ncontracts.com), the leading provider of vendor management and contract management services in the United States, as the Association’s choice for vendor and contract management services.
Far more than software, Ncontracts is a web-based contract and vendor management solution that allows banks to monitor and assess FDIC vendor risk ratings that enables them to respond quickly and confidently to regulator inquiries and audit demands of examiners. Ncontracts combines full service implementation services with a professional contract management application that provides banks and financial institutions with the ability to have insightful summaries of their contracts, alert notifications, and robust compliance tools and services. Together, these features allow banks to reduce expenses, enhance profitability, and improve internal efficiencies. Ncontracts is the ONLY solution to feature a two-tiered paralegal document review and implementation for maximum integrity and data accuracy.
“After discussion with many of our member banks that were already using Ncontracts, we learned that Ncontracts is a quality and cost-effective solution for vendor and contract management,” said Selina Parrish, director of membership for the Kentucky Bankers Association. “In addition, our team, including our attorney, evaluated the solution thoroughly and concluded that Ncontracts is exactly what our community banks needed to operate in a compliant and cost effective manner,” she said.
“When a respected and trusted organization like the Kentucky Bankers Association endorses a solution, it provides immediate substantiation that our solution provides tangible benefits like substantial cost savings. We are excited to work with the Kentucky Bankers Association to provide vendor and contract management services to their member banks,” said Michael Berman, CEO of Ncontracts.
About Kentucky Bankers Association
The Kentucky Bankers Association provides effective advocacy for the financial services industry both in Kentucky and on a national level and serves as a reliable and responsive source of information and education about areas of interest to the industry. The Kentucky Bankers Association provides a catalyst and forum for collective industry action and knowledge. For more information on the Kentucky Bankers Association visit http://www.kybanks.com or call 502.582.2453.
Ncontracts® is the leading provider of vendor and contract management services in the United States. Ncontracts combines full service implementation services with a professional contract management application that provides clients with the ability to have insightful summaries of their contracts, alert notifications, and robust compliance services. Together, these features allow clients to reduce expenses, enhance profitability, and improve internal efficiencies by effectively managing their contracts. For more information visit http://www.ncontracts.com
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