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.
Compliance is a critical component of your vendor management program. Done correctly, good compliance is a stepping stone to expense reduction.
As we move into the second quarter, now is a great time to assess how your vendors are performing during a period when technology is critical to meeting your members’ or customers’ needs.
In the early 1950s, a group of 10 teachers in Titusville, Florida, united to form a member-owned financial cooperative for fellow community educators.
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.
Learn how Maple Street has revolutionized FirstBank Southwest’s vendor management, saving the institution over $2 million.
Learn how Maple Street helped re-build Mazuma and saved the institution over $6 million.
Learn how Maple Street’s vendor management helped Skypoint FCU achieve success and save over $1 million.
Your vendor management program can mitigate the pain of a recession. So, as you review and revise your plans, using your vendor management system wisely can make a big difference in how well your credit union or bank will meet the challenges of a struggling economy.