OPTIMIZE VENDOR SERVICESKPI
Lower Cost → Improve Service → Reduce Risk
Optimize Vendor Service helps financial institutions optimize their return on third-party services providers by lowering costs and improving service.
We ensure your executive team has comprehensive, current and actionable information on all third-party vendor services so that you can strategically lower cost, improve service and reduce risk.
We do NOT do this by giving you another software application to master and maintain. Instead, we provide professional expertise and on-going labor so your team can invest its valuable time on being strategic in vendor service oversight.
We maintain the documents and data. We also give you actionable recommendations at precisely the right time for you to review each service and its costs relative to your strategic goals.
You have the option of using our specialized Contract Negotiation services. For over 30 years, we have assisted in negotiating financial institution contracts for lower costs and more favorable terms.
Optimize Vendor Services is delivered through a cloud-based, customer accessible platform (that we help maintain) to give you these specific benefits:
- Reduces Legacy Costs
- On-time notice and advice to strategically review all services, allowing you to eliminate, modify or replace services.
- Specific recommendations to lower cost and improve service for each vendor service.
- Consistently well-organized, current information and documents on all service providers.
- Improved contract wording to mitigate expensive and restrictive surprises.
- Market knowledge of pricing and structure to maximize your value.
- Assistance with regulatory compliance regarding vendor risk mitigation.
Yes, legal professionals have their place, but if you want to identify and improve practical terms that have strategic impact on your annual costs and franchise value, you will want to talk to us.