SupplierSelect for Financial Services is Thomas Murray Data Services’ platform for managing and maintaining global counterparty relationships. It is an online RFP/Operational Reviews/Survey solution, with embedded analytical tools, providing automation of business control and operational efficiencies for drafting, issuing/re-issuing and scoring complex RFP/Operational Reviews/Survey questionnaires.
SupplierSelect was built specifically for banks to support counterparty monitoring for regulatory purposes and streamline the operational business process. It is the same tool that Thomas Murray Data Services uses for Sub-custodian Monitoring, Transfer Agency Monitoring, and Prime Broker Monitoring. It delivers improved selection and monitoring of service providers, transparent decision making, administrative efficiencies and a full audit history. It can be white labelled to provide a central record via an online tool to support regulatory and internal business requirements. SupplierSelect supports groups at individual business lines, geographical locations and/or at a consolidated group level.