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BCU: A new level of partnership – How Maple Street is helping a credit union accelerate vendor performance
BCU’s purpose is to empower people to discover financial freedom. As such, their tagline “Here Today For Your Tomorrow,” expresses their promise to support members throughout life’s journey and to offer everything they need to experience a bright financial future.
This year, Maple Street was proud to donate $16,000 to local organizations we love and that are brightening our community each and every day.
One of the problems from being too busy is the inability to pay attention to important details that can easily be put off to another time. The best example we’ve seen of this is putting off evaluating existing vendors and considering renegotiating your contract with those vendors.
Credit unions and community banks routinely do strategic planning – the key word being “routine,” because institutions frequently fail to consider all aspects and possibilities, including the tools you’ll need to get the results you want three to five years from now.
Maple Street has been negotiating with your vendors for over 18 years. We negotiated great results but wanted to see where we could improve, so we took the time to evaluate past negotiation projects to determine if our clients were getting the results vendors promised.
Your critical vendors can potentially have a huge impact on your institution when something goes wrong. Obviously, this isn’t news. They’re critical to your operations, usually have direct access and use of enormous amounts of non-public personal information. These vendors are crucial to your institution being able to serve your members or customers, and if something goes wrong your members and customers won’t blame your vendor – They’ll blame you.
Maple Street and WolfPAC Solutions have joined forces to make it easier for you to have a great combination of superior vendor relationship management and top-level enterprise risk management. Learn about the power of WolfPAC’s services and how, together, we’re empowering credit unions and community banks to thrive.
Get laser focused on managing your vendors now!
Request a meeting with a professional vendor management expert today