SOURCE: Wolf & Company P.C.

October 25, 2013 09:42 ET

Community Financial Institution Leaders Learn About Latest Technology and Best Practices in Business Continuity Planning and Vendor Management

MONTVILLE, CT--(Marketwired - Oct 25, 2013) - Risk management experts from community-based financial institutions throughout the Northeast participated in seminars with leading experts in business continuity planning and vendor management to improve these important risk management programs at their intuitions by using the latest online risk management tools offered by WolfPAC Integrated Risk Management. The seminars are part of the WolfPAC 2013 User Conference taking place at the Mohegan Sun conference center in Montville, Connecticut and the New York, New York conference center in Las Vegas.

The Business Continuity solution created and offered by WolfPAC Integrated Management is a suite of online business continuity tools designed for financial institutions, businesses, and other organizations. The platform is made up of the integration of the Business Continuity Planning, the Business Continuity Risk Assessment, and the Business Impact Analysis modules to vastly improve an organization's ability to capture, organize, and centralize the policies and response procedures necessary in the event of a business disruption. The WolfPAC Vendor Management solution allows financial institutions and other organizations to manage multiple vendors through due diligence, selection, contracting, risk assessment, and monitoring while creating greater accuracy and cost-efficiency in vendor management.

"We created the business continuity planning and vendor management solutions to help financial institutions operate safely and soundly as we face a time in which there is higher risk from outsourcing work and more potential for unexpected challenges to business continuity," said Michael Cohn, Director of the WolfPAC Solutions Group. "Our work to improve the entire WolfPAC suite of automated online tools, and hold these important and informational user conferences, reflects our continued commitment to the financial services industry to provide innovative solutions based in the latest technology combined with expert guidance to drive down the cost of risk management." 

When used with the full WolfPAC Integrated Risk Management system, the Business Continuity and Vendor Management solutions add to a robust and highly effective enterprise risk management program that provides a competitive advantage for community-based financial institutions by helping them achieve their business goals and plan for success. The WolfPAC Business Continuity and Vendor Management solutions are available separately or as part the WolfPAC Integrated Risk Management suite of online tools.

About WolfPAC Integrated Risk Management

WolfPAC Integrated Risk Management is a secure, hosted enterprise risk management solution used to automate the identification of risks, threats, and control gaps. Developed by financial professionals in 2004, WolfPAC provides tools to review and monitor information technology, privacy, vendor, regulatory compliance and other enterprise-wide risk assessments and programs. Quarterly methodology updates are designed to align with changing business environments and emerging compliance and examination standards. A robust suite of reports allows management to analyze their control gaps and benchmark risk profiles against peers. WolfPAC keeps institutions safe and sound, and maximizes the outcome of strategic objectives.

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