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Vendor Contracts Impact Profits

Properly managed, they can cut noninterest expense.
A whitepaper provided by Brad Downs, CEO of Strategic Resource Management

What to Consider When Working with FinTechs

In less than a decade, the smartphone has become essential to our daily lives. Perhaps ironically, its primary function of allowing us to make a call at almost any time and anywhere has been superseded by a dizzying array of other activities it facilitates, including banking.

How to Cost Effectively Monitor Vendor Contracts

A study conducted by the International Association of Contract and Commercial Management (IACCM) found that poor vendor contract processes cost companies as much as nine percent of their total revenues.

Negotiating Card Processing Contracts

Aside from loans, a credit union’s card portfolio can be its most important revenue source.

Effectively Manage Vendor Contracts During a Merger or Acquisition

In today’s economic climate, mergers and consolidations of financial institutions are fairly common.  Anyone who has been involved in one knows it is a time of opportunity and critical decisions.

The 7 Most Expensive Vendor Management Mistakes

Financial institutions are full of smart professionals—straight shooters who know how to judge character and structure a deal. But even the wisest among them overlook savings opportunities when dealing with third-party vendors.

With Changing Mortgage Market, Examine Vendor Contracts to Recoup Lost Fee Income

Recently released Q2 results for nation-wide credit union performance show that credit unions are continuing to experience reduced fee income, due to less activity in mortgage refinancing and the slowdown of first mortgage lending.

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