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For those who haven’t heard of a Business Impact Report, or BIR, it’s an interactive tool Maple Street creates for our clients to help gain an accurate inventory of incomplete vendor contracts for compliance / due diligence throughout the year to maintain an on-going healthy vendor program.
A recent CUNA forecast predicts credit unions’ ROA will fall over the next two years. The study revealed credit union earnings would remain depressed because of lower interest rates and less non-interest income.
First National Bank of Granbury: How a Smart Bank Left Negotiation to the Pros And Saved $1.6 Million
Learn how Maple Street saved First National Bank of Granbury over $1.6 million and kept a major vendor accountable after the deal was over.
The violent winter storm that slammed Texas did damage well beyond the Lone Star State. Credit unions and community banks across the country were scrambling to deal with disrupted service because a server was located in the pathway of the storm. In a situation like this, you’d expect the vendor to resolve the problem quickly, right?
Nobody likes work that’s painful. Nobody likes work that seems to be work for work’s sake. But if you pull back the curtain, contract compliance is much more than checking boxes or pleasing examiners.
When Important vendors are important to you: Best practices to select, opt-in and review 2-Important vendors
When it comes to Important vendors, it can be challenging to keep track of when they are important to your credit union or community bank. Maple Street’s knowledgeable vendor compliance team is here to help guide you through the process and make short work of your due diligence review.
Don’t get stuck in the vendor management paper chase! Save your time and money with the Vendor Advantage System®
You bought a shiny new software system to do vendor management. Congratulations! Now you have to make it work for your credit union or community bank.
Maple Street, Inc., the recognized leader in providing wide-ranging vendor management services to credit unions and community banks, has signed an agreement with the California and Nevada Credit Union Leagues as the recommended vendor for vendor management services.
Time can either be your friend or your enemy when it comes to contracts.
As we all know, this has been a challenging year for everyone. So, as Thanksgiving approaches, we may be asking ourselves, “What do we have to be thankful for in these troubling times?”
Get laser focused on managing your vendors now!
Request a meeting with a professional vendor management expert today