Remedy Team team published in the Main Street Practitioner assists Accountants and CFO’s on areas that they can improve Bank and Credit Union financial statements.
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Why is a Merger/Acquisition the Best Time to Negotiate your Core Vendor Contract?
In addition to presenting an education session on vendor selections best practices at the Louisiana Credit Union event on April 18, in Baton Rouge, the Remedy team participated in the murder mystery fundraiser for the Louisiana Credit Union Foundation. We were happy to live through it after an intriguing night…
Remedy partnered with the Illinois Bankers Technology and Operations Committee to present an education session on core vendor systems selection best practices. This was a great meeting with a good group of people, very interactive!
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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
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
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
