spotlight on success
How Open Dealer Exchange Jumpstarted Their TPRM Program
In the latest installment of our Spotlight on Success series, Naomi Porter (Senior Governance Risk and Compliance Analyst) and Myles Gold (GRC Manager) at Open Dealer Exchange share how they use AuditBoard to complete their risk program with a comprehensive approach to TPRM. Headquartered in Michigan, Open Dealer Exchange is a technology hub providing integrated F&I solutions for automotive dealerships.
Hear how Open Dealer Exchange moved to the future of TPRM with a one-stop solution to send out questionnaires, track third-party responses, and store approvals, follow-ups, and risk assessments.
• Added a layer of internal accountability with a system to conduct assessments and handle follow-ups
• Reduced the need for multiple meetings, so they can start the assessment process faster than ever before
• Doubled the number of assessments they were able to complete, while easily reviewing what third parties they needed to reach out
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