Trusted Advisor to Banks and Credit Unions

Contract Negotiations

Latest Remedy Article in CU Management Magazine

Check out the latest article written by the Remedy Consulting team titled “Lessons Learned from a $130 Million Dollar Core Contract Renewal” this article was recently published in Credit Union Management Magazine: : https://www.cumanagement.com/articles/2019/10/tech-time-lessons-130-million-core-contract-renewal

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Whitepaper on the results of 602 Previous Core Vendor Contract Negotiations

The Remedy Analytics team recently dissected over 600 previously negotiated contract renewals from three different categories: Contracts negotiated by a bank and credit union (DIY) without consultant assistance Contracts negotiated by flat-rate or by-the-hour consultants Contracts negotiated by contingent rate (percentage of fee) consultants The surprising (or not so surprising) results can be found in…

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Are Banks and CU’s “Required” to have a third party due diligence review of their vendor contracts?

We attended some interesting presentations last week at the Illinois Bankers Association. One in particular was called “The ISO’s guide to Third Party Oversight” by a company called CoNetrix. Sounds about as interesting as watching paint dry, doesn’t it? The initial reason we attended was to try to ensure that the Remedy Request for Proposal…

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