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Software Solution to Manage Vendor Compliance

Innovative Strategic Solution, LLC (ISS) announced today that it has signed an exclusive licensing and sales partnership agreement with Sydel Corporation to distribute VendorXpert, a software solution that was specifically created to assist credit unions in addressing regulatory concerns regarding vendor due diligence. The solution is web-based and will immediately allow credit unions of any …

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Sydel Corporation Launches VendorXpert to Help Financial Institutions Verify Vendor Partners

Sydel Corporation, a leading developer of customized information technology solutions for the financial industry, today announced the launch of VendorXpert, a risk-management solution that monitors and tracks the validity of third-party providers, vendors and business partners. The new technology will help financial institutions verify that companies and organizations they do business with are trusted entities. …

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Sydel Corporation’s FormXpert prepares banks for IRS W-8 Compliance Audits

Since the beginning of 2005, the IRS has redoubled its efforts to monitor and audit the completeness of W-8 forms at financial institutions. The agency expects full and immediate compliance with Non-Resident Alien documentation requirements. For many international financial institutions in South Florida, these IRS requirements mean significant changes to the way they have traditionally …

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Sydel Launches Sophisticated ReconXpert to Make Daily Reconciliations Quick & Easy

Sydel Corporation today announced the launch of its ground-breaking ReconXpert™ software for financial institutions. ReconXpert streamlines the reconciliation of accounting transactions with the Federal Reserve and other crucial reconciliations by merging data from different sources into a comprehensive repository. The program eliminates the need for burdensome manual processing, while increasing data integrity and overall operational …

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Two Credit Unions Select VendorXpert to Better Assess and Monitor Vendors

Prince George’s Community Federal Credit Union (PGCFCU) and Healthcare Systems Federal Credit Union (HSFCU) have selected VendorXpert to manage their relationships with third-party organizations and thereby comply with NCUA’s Letters 01-CU-20 and 07-CU-13 to Credit Unions urging them to perform due diligence on vendors. Innovative Strategic Solutions (ISS) delivered the robust Web-based risk management solution …

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