Blogs

Vendor Management That Works For You

The Performance Addendum

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.

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Pandemics, power outages and pen tests

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.

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Starting the cost cutting initiative

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.

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WolfPAC, Expert-Powered Integrated Risk Management Platform

WolfPAC is a fully-integrated suite of software and expert advisory services designed to identify the true threats to your business and keep your organization safe. The company has partnered with Maple Street to create a comprehensive vendor management and enterprise risk solution.

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