Practical, Top Shelf

Lower Cost  Improve Service  Reduce Risk

OPTIMIZEKPI is a premiere vendor management service designed specifically for financial institutions.

Our specialized expertise and assistance help ensure executives have complete, organized and actionable vendor information so they can more strategically manage third-party services to lower cost, improve service and reduce risk. We assist in maintaining the data base to free your time for higher value oversight of your vendor services. You also have the valuable option of accessing our specialized Contract Negotiation services. For 30 years we have assisted in negotiating financial institution contracts to provide better pricing and more favorable terms.

For a strictly legal focus, consult your attorney. But to identify, analyze and improve practical terms that have strategic impact on your annual costs and franchise values, you’ll want to talk to us.

  • Professional advice and labor to create and maintain a comprehensive vendor management system
  • Specialized Negotiation Services available
  • Cloud-based, customer accessible software system (that we help maintain) facilitates:
    • Centralized vendor document retention
    • Tracking and analysis of strategic information: e.g. cost vs. market alternatives, renewal dates, non-renewal notification dates, identifying and linking interdependent services, assessment to add, delete or change services, vendor performance, etc.
    • Regulatory compliance of vendor categorization, risk rating, periodic monitoring

Contact us today for more information about OPTIMIZEKPI – The Vendor Management System designed exclusively to lower costs for busy and progressive financial institutions. See if we’re a good fit for you.

We Help You Find and Accelerate Additional Income

After thoroughly reviewing existing and potential income sources and conducting an in-depth analysis of expenses, our Profit Review recommendations will be tailored to your customer base, market and culture.

Since our only compensation for the Profit Review comes from you, we are objective without internal or external bias. And since the work is performed personally by the principal with extensive executive banking experience, you are assured the results are realistic and practical.

1. On Site Research

  • Most reviews take 4 to 5 days on-site, spread over one to two weeks.
  • We perform a thorough bottom up review of all income and expense items.
  • We review contracts, reports (primarily existing reports), financial statements and 12 months of actual invoices.
  • We explore and verify observations with appropriate associates at your institution.
  • We will survey your major competitors for thorough analysis of margin and non-interest income opportunities.
  • If warranted and with your approval, we will seek improved vendor proposals and negotiate contracts.

2. Analysis and Report

  • About two weeks after our on-site research is complete, we return to present our report which documents and quantifies our specific recommendations for profit improvement.
  • We continue to work with you and your service providers/vendors, as needed, while you decide what recommendations to implement.

3. Final Profit Improvement Decisions and Follow Up

  • Two to three weeks after the report is delivered, we meet with your Executive Team once again to review your final implementation decisions and obtain payment.
  • We remain available to assist with implementation or other follow up as needed.

4. Payment – One-time Contingency Fee

  • Profit Improvement, LLC receives a one-time fee that is a percentage of the first year’s estimated profit improvement on the recommendations you elect to implement.
  • Our valuations of these recommendations are conservative and fair. However, should your determination of value differ, yours is the one used for payment.
  • We take this risk because we are confident in our work and trust in your fairness.

Contact us today for more information. See if we’re a good fit for you.

Your comments on the contract documents were really, really good.  Masterful job on the pricing.  I’m elated.

Lower Costs and Improve Terms

Negotiating any vendor contract takes time, research, planning and knowledge. And when it comes to IT and technology services that are so crucial to your financial institution, this process is even more critical and complex. Missed opportunities can be very costly.

There is a high ROI for knowing the market and the process.

We offer the practical, hands-on knowledge and experience that has a history of substantial savings in these complex negotiations. We not only know the vendor’s process, but we also know how to look for hidden costs, unfavorable terms, and unnecessary services that don’t match your needs.

As seasoned financial institution executives, we have the expertise to be the IT Contract negotiating arm of your institution. Trust us to negotiate your IT Service contracts for a better outcome.

NEGOTIATEKPI IT Contract Improvement services include:

  • Review client’s current and projected service needs
  • Request and obtain proposals from mutually agreed upon providers
  • Be primary point of contact, if desired
  • Analyze and compare proposal(s) to each other and existing services
  • Comprehensive review of proposals, including contract terms, services, costs, etc.
  • Develop recommendations regarding terms, services and costs
  • Make diligent efforts to negotiate lower costs and other favorable termsbased on known and anticipated market conditions and client’s strategic plans

For a strictly legal focus, consult your attorney. But to identify, analyze and improve practical terms that have strategic impact on your annual costs and franchise values, you’ll want to talk to us.

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