Centennial Lending Moves from manual Vendor Management to Automated Vendor Monitoring with G2Link
Due to increased regulatory pressure in the financial space, thecompliance team at Centennial Lending needed to automate their vendor compliance. Their current solution was a series of manual processes facilitated by a combination of email and spreadsheets. When the opportunity came for them to evaluate their Vendor Compliance program, they jumped on it and happily chose G2Link.
Via G2Link's web based interface, Centennial Lending's Compliance team was able to easily monitor all of their vendors for compliance in a risk appropriate manner. Prior to implementing G2Link's service, they would have to manually monitor and search for information on their vendors. With G2Lnk they are able to create custom risk ranking, custom compliance policies for each vendor category and receive alerts each time their Vendor Compliance policies are violated.
About Centennial Lending:
Centennial Lending is a Longmont, CO based financial services company that handles commercial, construction and mortgage loans from the inception phase through approval and servicing. They act as an agent to their partner financial institutions.