Avoid findings management mistakes with Nfindings

Identifying and promptly correcting findings is essential to minimizing risk and avoiding enforcement action down the line, yet many banks have problems with findings management.

Nfindings, Ncontracts’ industry-leading findings management solution, is designed to help you proactively manage findings and eliminate confusion from the findings process.

Common mistakes Nfindings helps prevent include: 

• Forgetting to follow up on a finding. With Nfindings, it’s easy to assign ownership and tasks to every finding so you can easily see what needs to be done and who needs to do it. It’s total findings transparency.
• Failure to manage the findings workflow. With automated task reminders and notifications, Nfindings doesn’t let findings slip through the cracks. It eliminates error-prone manual processes — including spreadsheets, documents and emails — to streamline findings management into an efficient and effective process.
• Treating every finding as equally important. Nfindings can help you analyze your findings, leveraging Ncontracts’ extensive reporting capabilities to make sure all information is identified, evaluated and appropriately handled. This way you can prioritize findings, ensuring the most pressing issues are corrected first.
• Not prepared for examiners or board reports. Nfindings has an exam-ready audit trail and the ability to access all your findings in real time, on-demand, so you have what you need, right when you need it. With everything in one easy-to-use centralized platform, you’re always able to monitor and assess your findings management process and ensure you’re taking prompt corrective action.

Make sure your bank has a clear and detailed process for findings response and remediation, including a centralized place for data, findings prioritization, task assignment and timelines and follow-up. 

Sam Desmond
[email protected]
512-944-0726
ncontracts.com