Identify critical gaps
Highlight deficiencies easily and track your progress on remediation. By completing a simple “yes/no” survey against FFIEC checklists, your organization will be able to easily identify where you fall short. Any time you answer “no” to meeting one of the checklist requirements, flag an issue to track: What is your plan to ensure your organization meets that requirement? Is the lack of compliance mostly linked to one specific department or branch? LogicManager allows you to track and report on this information so that you can identify the weaknesses and begin the work of implementing new controls, policies and procedures to help you comply with FFIEC requirements.
Gain the advantages of a fully integrated GRC program
Your organization’s compliance with FFIEC CAT does not exist within a silo. There are many different teams and departments that are involved to prove your organization’s safeguards against noncompliance. Each of the departments within your organization have a hand in your overall compliance with FFIEC CAT, and all departments must work together to meet requirements, satisfy examiners, avoid serious regulatory fees and legal repercussions, and most of all, protect your clients’ personal and sensitive information. By using a GRC platform like LogicManager, your organization can rest assured that you’re taking all the necessary measures to carefully remain in compliance with FFIEC.