Vendor Link

A critical element for vendor management

Vendor Link is a business intelligence solution and contract cost reduction program that focuses on non-interest expense with the specific objective of reducing vendor contract costs, while maintaining or enhancing the quality of the service with your vendors.  Vendor contracts are often sources of significant hidden cost reduction opportunities.  Our program is customized for your organization and includes a detailed appraisal for each of your contracts to compare your costs with target cost standards based on our large database and experience in working with vendors across the industry.

Vendor Link also includes a specific methodology for negotiation with your vendors. The contract renewals will be negotiated on your behalf based on the results of the appraisal and will include a carefully crafted and detailed proposal offer to your vendor.  These negotiations are subject to your management oversight and approval.

Based on our experience, Vendor Link engagements provide $250 to $500 in cost savings per million dollars of assets.

Value Highlights

  • Success Warranty
  • Actionable Intelligence
  • Holistic Assessment
  • Resource Efficient
  • Third-Party Perspective

Business Intelligence

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Industry Data & Best Practices
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Cost & Risk Analysis
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Benchmarking & Costing Metrics
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Peer Group Analysis & Comparison
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Hightlights

  • Proprietary Database
    • 185+ Costing Metrics
  • Contract Assessment
    • Peer Group Data

Objectives

  • Provide Business Intelligence & Decision-Making Tools
  • Improve Contract Costs & Terms
  • Enhance Contract Management & Strategy

Contract Cost Reduction

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Contract Appraisals & Negotiation
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Cost Analysis & Control
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Risk Analysis & Mitigation
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Vendor Performance Enhancement
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Contract Management & Strategy
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Highlights

  • 185+ Contract Areas reviewed in Contract Assessment
    • Core Data Processing
    • Item Processing
    • ATM/Debit Card Processing
    • Internet Banking & Bill Payment
    • Check Vendor

Objectives

  • Reduce Non-Interest Expense (Vendor Contract Costs)
  • Negotiate Best Contract Prices and Terms
  • Mitigate Vendor & Contract Risks
  • Improve Vendor Service & Performance

Request presentation

We would be pleased to arrange a full presentation of our Vendor Link solution

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