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#310244 - 01/29/05 04:42 PM Who Decides to Purchase
Sisyphus Offline
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Sisyphus
Joined: Jun 2004
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Connecticut
compliance software in your bank? I get many calls from vendors but do not make the purchasing decisions? Of course, I forward information on to the business areas, when appropriate, but why do the vendors assume that the COs decide? Is that common elsewhere?
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Michele A. Johnson, Compliance Manager Integrated Compliance Solutions, LLC

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eBanking / Technology
#310245 - 01/29/05 05:00 PM Re: Who Decides to Purchase
Andy_Z Online
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In my bank I decided what products would fill my needs and then proposed/requested what I needed. IT had to bless off if it was going on a PC. But it started with me.
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AndyZ CRCM
My opinions are not necessarily my employers.
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Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

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#310246 - 01/29/05 07:49 PM Re: Who Decides to Purchase
Sisyphus Offline
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Sisyphus
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Connecticut
What tasks did you perform as CO that required software, beyond Microsoft Office?

In my case, calculations, forms preparation, and monitoring are performed in the business areas, so they would decide what to buy to automate their operations

I use Word and Excel to manage the Compliance Program.
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Michele A. Johnson, Compliance Manager Integrated Compliance Solutions, LLC

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#310247 - 01/29/05 08:50 PM Re: Who Decides to Purchase
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
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The compliance department in my bank,which reports to me, uses compliance monitoring software (a specialized database), CTR software, AML software, and CIP software to help in investigations. We also make recommenations to business units and approve what they select,to ensure that what the bank purchases is sufficient.
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Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#310248 - 01/29/05 11:06 PM Re: Who Decides to Purchase
Andy_Z Online
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There were add-on programs that enhance Office, such as some that I use for PPT presentations. But a biggie was CRA mapping software, HMDA reporting and a database program that tracked Reg. E claims and then Security cases.
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AndyZ CRCM
My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

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#310249 - 01/29/05 11:09 PM Re: Who Decides to Purchase
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
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Good point,Andy. We also use CRA Wiz. How did I forget that?
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Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#310250 - 01/29/05 11:21 PM Re: Who Decides to Purchase
Sisyphus Offline
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Sisyphus
Joined: Jun 2004
Posts: 214
Connecticut
We use CRA Wiz, too. Our Operations area has a Reg. E tracking program, and Security tracks SARs, etc., on a database. None of these are with me, though, except for CRA Wiz.

(I am the CO, but I do not have any direct reports.)
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Michele A. Johnson, Compliance Manager Integrated Compliance Solutions, LLC

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