Partnership to help credit unions and community banks mitigate financial risks from third-party vendors.
MINNEAPOLIS, MN – August 20, 2019 – Argos Risk®, an industry leader of Third-Party Risk Intelligence (TPRI) solutions, today announced it signed an Affiliate Partnership Agreement with Maple Street, Inc., as a recognized leader providing complete vendor relationship management services to credit unions and community banks.
Maple Street's proprietary vendor management solution, the Vendor Advantage System®, is a complete, comprehensive vendor relationship management program that manages the entire vendor lifecycle to reduce vendor expenses, improve vendor performance, and manage risk.
“Adding Argos Risk’s services provide a new dimension in managing vendors and risk to the Vendor Advantage System,” said Mike Crofts, President of Maple Street. “Understanding vendor risk in real time is a valuable component of vendor lifecycle management that our clients will now have. We’re pleased to offer this valuable service.”
Argos Risk provides an affordable web-based subscription service that helps companies proactively manage third-party risk intelligence and business viability risks associated with their third-party relationships; including vendors, ACH/RDC originators, and direct and indirect lending clients.
“We are extremely happy to be working with Maple Street in shaping how banks and credit unions can improve the management of their third-party vendor relationships and positively impact clients' bottom line,” said Lori Frank, Argos Risk President and CEO. “With today's competitive pressures and cost-effective measures, this partnership aligns with our core strategy and is clearly a win-win for their current and future customers.”
About Argos Risk
Argos Risk is a leading provider of Third-Party Risk Intelligence solutions. Formed in 2010, we are experts in Third-Party Risk Intelligence services to fulfill a need for timely and comprehensive risk mitigation knowledge. We provide innovative and affordable subscription services that help companies manage the risk associated with their third-party relationships, such as Vendor Management, ACH/RDC originators and lending clients – direct and indirect and Supply Chain Management.
About Maple Street
Maple Street, Inc., is the industry leader in managing vendors. Maple Street’s vision for managing vendors led to the development of the Vendor Advantage System®, which provides a comprehensive vendor relationship management system for credit unions and community banks. The Vendor Advantage System embraces all aspects of vendor relationship management. With this proven approach, Maple Street reduces vendor expenses, improves vendor performance and truly manages risk for its clients, and since 2003, Maple Street has saved clients over $100 million.
For more information, visit www.maplestreetinc.com.
Argos Risk, LLC
T: +1 (952) 446-7582
T: +1 (407) 339-0879