Credit unions and community banks waste millions of dollars every year. The easiest, fastest way to stop wasting your money is your vendor management program.
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 waste millions of dollars every year. The easiest, fastest way to stop wasting your money is your vendor management program.
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.
The phrase cost cutting initiative is used a lot in financial institutions lately. If you’re serious about cutting the kind of cost that will have a real impact on your income statement and balance sheet with real improvement of KPIs like efficiency ratio and ROA, reducing office supplies isn’t going to cut it.
In light of Hurricane Ida, Maple Street will suspend billing for its clients residing in Louisiana – the region hit hardest by the storm – for six months.
Buckeye Community Federal Credit Union is a prime example of how a dedicated group of people in a small Florida town joined together to help each other, and as they grew, help their community. Learn how Maple Street has helped the credit union flourish over the past 15 years.
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