Canarie AI

Compliance Area

High Risk

Vendor Management Execution

Third-party risk management requires systematic execution of due diligence, ongoing monitoring, and issue management. Canarie helps you execute vendor oversight through automated workflows covering the entire vendor lifecycle.

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Monitoring Frequency

Ongoing monitoring with annual comprehensive reviews for critical vendors

Key Controls

Initial due diligence completion
Risk assessment and tiering
Contract review and approval
Ongoing monitoring activities
Performance review tracking
Issue and remediation management
Annual vendor review
Board reporting on critical vendors

The Execution Challenge

Vendor Management Execution requires ongoing execution of controls, monitoring activities, and documentation. Most institutions struggle with manual tracking, scattered evidence, and last-minute exam scrambles. Controls get missed, attestations are chased, and proof of compliance is pieced together under pressure.

The Canarie Execution Layer

Canarie transforms vendor management execution from periodic scrambles into continuous execution. Controls are scheduled, evidence is captured automatically, and proof of compliance is always ready.

Automated Scheduling

Controls and monitoring activities are scheduled and assigned automatically.

Evidence Capture

Evidence is captured as work is completed. No manual collection needed.

Always Exam-Ready

Export organized evidence packages whenever examiners arrive.

Frequently Asked Questions

Related Compliance Areas

Cybersecurity Execution

high

Execute your cybersecurity program with workflows for risk assessment, control testing, and incident response.

Operational Risk Execution

medium

Execute operational risk management with workflows for risk assessment, control testing, and incident tracking.

Automate Your Vendor Management Execution

See how leading institutions execute compliance with confidence.