Three Ways We LOVE to Help You Save Money
At Maple Street, one of our key goals is to change vendor management from an expense to an expense reduction program. We don’t just do this for big institutions. Helping community banks and credit unions to thrive makes our hearts beat faster. As the only complete vendor management solution and robust software platform combined, we […]
The countdown for negotiation in 2023 is up. Are you ahead of the game in 2024?
This time of year, everyone starts counting down the days left on the calendar. Kids count down the days left until Santa comes. Soon, people will don sparkly outfits and count down the seconds until they raise their glass to the new year. Some countdowns are fun. Some, though—like when your contract is ticking down […]
This Thanksgiving season, let’s give thanks for our wonderful vendors
At a time when you are more dependent than ever on vendor performance to meet your goals, let’s give thanks for those vendors that live up to their promises. The ones that offer you a fair contract at a fair price and would never dream of sneaking in a hidden fee. The ones that never […]
Three negotiation mistakes that should scare you
You know the saying, “What you don’t know can’t hurt you?” This misguided sentiment often leads credit unions and community banks into DIY negotiations in which they believe they are well prepared to negotiate with vendors. In reality, however, the institutions are setting themselves up to be robbed blind and get poor vendor performance for […]
Cut Through the Confusion: Know the 3 Cyber Incidents the New NCUA Rule Requires You to Report
We have reviewed the NCUA requirements and want to provide you with a brief guide to reportable risks as part of vendor management best practices.
Yes, you can and should negotiate for better vender performance
Maple Street experts share the four steps to negotiating for better performance.
Belco Community Credit Union: How a regulatory assignment grew into a long-lasting partnership with Maple Street
Belco Community Credit Union traces its roots back to 1939, when 25 employees of Bell Telephone Company each contributed $5 to start Belco Federal Credit Union in Lancaster, Pennsylvania. By 1941, Belco had approximately 400 members. Twenty years later, that number grew to 1,600 and, in 1994, the credit union reached $100 million in assets. […]
Assessing inherent risk: The Maple Street way
What is inherent risk and how do you assign levels to risk to manage it for your institution? With Maple Street’s approach, you’ll find assessing and ranking risk is less complicated than you may think.
Three things vendor management programs must deliver to be successful
To be successful, vendor management programs need to deliver reduced expenses, improved vendor performance and managed risk.
How a vendor management scorecard helps you manage your vendor
Learn the three steps to getting the performance you want by using a vendor management scorecard.