Third-Party Providers/Sub-Contractors Summary
Alloya’s business model is founded on cooperation by aggregating volumes and or expertise to benefit all its members. In many cases, Alloya will aggregate product volumes from its members and then purchase in volume to gain price, service or access that its individual members cannot achieve on their own. This lets Alloya negotiate one contract with the provider and monitor its performance on behalf of all members. Members benefit by having only one relationship, Alloya, to monitor via their Vendor Management Program (VMP). Alloya has an SOC 1 report that covers Premier View and its associated operations. Part of Alloya’s SOC 1 covers its VMP for its sub-servicers that ensures those providers are performing as agreed, including performance standards, safeguarding of information, business continuity, etc. Alloya’s VMP program is established using FFIEC and other best practices. To request a copy of Alloya's SOC 1 Report, please fill out this form.