tricks and tips to manage a bank or credit union core vendor selection internally
Remedy Blog
http://ir.jackhenry.com/news-releases/news-release-details/jack-henry-associates-inc-reports-second-quarter-fiscal-2019 When reviewing Earnings Reports for Fiserv, FIS, and JHA , there is a lot to interpret, particularly when comparing previous year results. We’ll leave the deep analysis to the Wall Street Analysts and focus on one number: de-conversion fees. De-conversion fees are important to clients that are considering either choosing that provider, or leaving…
It was just at the end of the Q3, 2017 that Fiserv acquired the Elan assets from US Bank. And now, roughly 90 days later, the First Data acquisition. Our Fiserv insiders tell us that individuals in their Payments area(s) are nervous. In recent years, Fiserv has become notorious for “efficiency” related staff reductions.…
Although Remedy has typically done business strictly by referral from our current customer base, our younger Advisors have told us that it is time to start waking up to Social Media. They say it is time to start getting our message out to a wider audience. Quite honestly, they have been saying this for many years, but we…
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Cornerstone Bank thanks Remedy Consulting as a strategic partner in core contract negotiation. Brian, Project Manager, streamlined the process of our core vendor renewal and advised us as to the new technologies that we could continue/implement and still receive a cost reduction on our five-year contract. We are happy to highly recommend Brian and the Remedy Team.
John Doull, President
Cornerstone Bank, Overland Park, KS
We wanted to ensure our pricing and contract terms were in line with those of other financial institutions. Remedy had the tools and knowledge to help us out. The process, from beginning to end, lasted about 4 months. Remedy took care of all the negotiations and simply kept us apprised of where the negotiations were at and how they were going.
Ben Hansen, CEO
RSNB Bank, Rock Springs, WY
Our organization was engaged in a negotiation with our core provider for a contract renewal. Although we were already well into the process, I made the decision to hire Remedy because I felt the negotiations were taking too long and consuming too much of my management team's time.
Josh Hoppes, CEO
Mutual Savings Association, Leavenworth, KS
After completing one renewal on your own, it was evident that market pricing information was necessary for an effective negotiation. Remedy was able to provide that plus other contract information that made for a positive renewal. Remedy was able to achieve more than our expectations, including significantly lower rates.
Amy Johnson, COO
Dairy State Bank, Rice Lake, WI
