Vendor Link

Business Intelligence

INDUSTRY DATA & BEST PRACTICES

Our team of analysts evaluate and monitor industry trends to keep our pricing strategies sharp and up to date. Additionally, we leverage our internal database of more than 1,000 contracts to benchmark your current costs against others in your peer group.

COST & RISK ANALYSIS

Once we have a clear understanding of your vendor contracts, we analyze the costs and risks associated with each one. Through our work, we’ll identify areas where you may be overpaying or exposed to unnecessary risk.

DATA MINING & ANALYSIS

We use data mining techniques to extract key information from your contracts and compare it against our internal database. This helps us identify trends, benchmark your costs, and develop customized strategies for each engagement.

BENCHMARKING & COSTING METRICS

We develop customized benchmarks and cost metrics for each client. This allows us to compare your current costs against industry standards and our target cost benchmarking data.

PEER GROUP ANALYSIS & COMPARISON

We compare your costs against those of your peers to identify areas of improvement and leverage opportunities to aid in our negotiations.

Contract Negotiation

CONTRACT APPRAISALS & NEGOTIATION

We begin by conducting a detailed appraisal of each of your contracts, comparing your costs against industry standards and our target cost benchmarking data. From there, we develop customized negotiation strategies for each vendor engagement.

COST ANALYSIS & CONTROL

Through a rich analysis of your current costs and vendor fee structures, we’ll identify opportunities to reduce business expenses by better managing and analyzing your vendor contracts.

RISK ANALYSIS & MITIGATION

We help financial institutions gain more awareness of the potential risks associated with your vendors and take steps to mitigate those risks.

VENDOR PERFORMANCE ENHANCEMENT

We’ll work with you to craft vendor performance enhancement strategies that include performance review guidelines and improved service level agreements to improve your expected level of vendor service.

CONTRACT MANAGEMENT & STRATEGY

Our team of proven professionals has deep experience working with financial institutions to develop customized strategies for implementing and overseeing all stages of a contract to increase efficiency and decrease risk.

Minimal Disruption. Maximum ROI.

We value your time and understand that your team is juggling other strategic initiatives that are equally instrumental to the growth and profitability of your organization.

As such, we are committed to minimizing the disruption to your team's daily schedule, as we do not require any onsite visits for the engagement.

We conduct 95% of the effort on the project, while working independently within a flexible framework and schedule that fits within the needs of your team members.

VENDOR LINK

Vendor Management & Contract Negotiation

Reduce Your Contract Costs with Vendor Management & Data-Driven Insights

$50,000 - $100,000

New Cost Savings Annually

per $100 Million Total Assets

How it Works

Linking Vendor Management & Contract Negotiation Strategies