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welcome to this weeks third party Thursday my name is Brandon Cooper and Im the chief risk officer here at been minder in this video were gonna cover regulatory guidance on contract management general tips on how best to standardize your approached contracts and thirteen ideas to guide your contracts effective contract management isnt difficult it just takes a lot of discipline the FFIEC provides great guidance in their IT examination handbook regarding vendor contracting you can use it as a checklist when entering a new vendor relationship or when renegotiating a contract with an existing vendor but good contract management really is all about execution and enterprise-wide discipline to diligent contract management will ensure maximum value from your outsourced relationship we see thousands of vendor contracts come across our desk each year so we thought wed share a few of the best practices you wont find in the FFIEC handbook here are 13 good tips to get you started first ensur