Four things your vendor management software for banks should do.

http://ncontracts.comWhen most people think of banks, the word they most strongly associate with them is money. People, rightfully so in many cases, believe that banks make huge sums of money and represent the elite segment of the population more than the rest of the country. All that being said, perhaps the word that people should most associate with banks is risk. That’s because banks take on huge amounts of risk every single day in their quest to earn more profits. This is the case because banks rely on their investments to make money. They invest in various third-party actors, and then when those actors do well they share in the profits that they make. However, there are lots of cases where those third-party vendors don’t do as well as the bank thought they would, or they run into various problems along the way. Although the banks don’t control these third-party vendors, they do share in the risks that those third-party vendors have. Thus, operating a bank and working with various third parties is, by its nature, a risk proposition.

This is where vendor management software for banks is quite useful. These clever pieces of software make it possible for banks to track the various third-party vendors they work with. The software compiles huge amounts of data on each vendor, such as how much money they’re making, how much money they can be forecast to make, and what kinds of risks they’re taking on. The software gives the banks information about those third-party vendors so they can make more educated decisions about what their level of involvement should be. That being said, not all enterprise risk management software for banks is the same. Here are the four things that your vendor management software should do.

1. Track Profits. The great thing about vendor management software is that it allows you to figure out the profits of the various third parties you’re working with. If it can’t do this then find another software option.

2. Forecast Results. It’s great when your vendor management software for banks is able to help you forecast what the results of third-party vendors are likely to be. Spend some time looking for a software solution that is able to help you do this.

3. Assess Risk. Ultimately, your vendor management software should be helping you identify and assess risk. If it’s not able to do this then the whole purpose of the software is naught. Make sure the software that you choose can help you identify risk with various third-party vendors and can help you figure out what the solutions should be.

4. Keep You Compliant. One of the most important things your vendor management software for banks can do is make sure that you remain compliant under federal law. There are all sorts of regulations and rules that govern banks’ third-party vendor relationships, so your software should help you make sure that you’re compliant. If this is something that you know your bank really needs, consider getting your software from Ncontracts.

Posted in A89

What to look for in a school anti-bullying program.

https://www.nvcnextgen.org/Bullying is a major issue in schools all across the country. It can cause serious anxiety for the child being bullied, and it creates an environment where some students don’t feel comfortable or safe at school. School administrators and teachers alike would tell you that the last thing they want to hear is that someone at their school doesn’t feel safe or welcome, but that’s exactly what happens when some kids are being bullied and nothing is being done about it. That’s why so many anti-bullying programs have sprung up all over the country. These programs look to give kids the skills they need to counteract bullying, and they look to stop kids who are bullying others.

Given the size of the issue, it’s not surprising that there numerous anti-bullying programs out there. However, for the program to work for your school it needs to be a high-quality program that kids will buy into. Here are some of the things that you should be looking for in a school anti-bullying program.

First and foremost, you need to make sure that the program you choose focuses not only on the kids and students but also on the parents, school administrators, teachers, siblings, and even janitors. Every person who works at the school or who has a student going to the school should be getting some kind of training on what signs they can notice to tell that bullying is going on and what they can do about it. Teachers need to be given the skills to identify bullying when it’s going on, and parents need to know what they should do and who they should talk to if they think their child is being bullied. As the old saying goes, it takes a village to not only identify bullying but to do something about it. To see a great example of a program that works with every person in the child’s life, check out Nonviolent Communication for the Next Generation.

The second thing that school administrators should be looking for in anti bullying programs for schools are programs that really communicate well with students. If someone from a program just comes in and gives the students a lecture about why bullying is bad it’s not going to be effective. The program has to be able to really engage with the students so that they’re processing the information that they’re being given. If the program isn’t a program that’s going to grab their attention, really show them what bullying does and why it’s bad, and really communicate well with the teachers, then the program simply isn’t going to work.

It’s also not a bad idea to look for programs that offer some sort of follow up once the program is complete. It’s great when the people who led the program are willing to come back and even follow up with individual students that the teachers have identified as problem cases. It’s always good to review what’s worked and figure out what changes could be made down the road to combat the issue. If you want to look more into Nonviolent Communication for the Next Generation, visit their website at https://nvcnextgen.org/.

Posted in A89