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.
Pressed for time and facing salespeople determined to sell their services at a premium, these otherwise successful professionals can find themselves at a disadvantage and end up paying for it.
JANUARY 5, 2016: When it comes to third party management, cyber security and data protection get top billing. Yet there is another expectation that financial institutions know is just as important to keeping their institutions strong and safe: Vendor pricing and contract management.
MEMPHIS, Tenn., December 2, 2015 – Videos are becoming a critical part of the online identities for many companies. For financial institutions (FIs), the questions of the day are both “could” or “should” they make use of online videos.
MEMPHIS, Tenn., November 19, 2015 – NAFCU Services Corporation has selected Strategic Resource Management (SRM), a proven leader in the bottom line enhancement industry, as the preferred partner for vendor cost benchmarking and contract negotiation services. SRM joins a distinguished group of 30 NAFCU preferred partners carefully selected by leaders in the credit union industry.
Strategic Resource Management, Inc. (SRM) is pleased to announce its Endorsed Service Provider partnership with the New Jersey Bankers Association. The partnership was approved following a proposal submission process and vote of the New Jersey Bankers Association Service Corporation Board of Directors. Through this partnership, New Jersey banks will have direct access to SRM’s suite of services which include vendor contract benchmarking, contract negotiation, and revenue enhancement.
Strategic Resource Management, Inc. (SRM) is pleased to partner with ECUC and its member credit unions through the new Business Partners Program. SRM specializes in cost saving and revenue enhancement strategies that will improve your bottom line. Working in areas such as card branding, card processing, online banking and bill payment, as well as 20 other vendor categories, SRM has implemented over $50 million in cost savings for its multiple ECUC member clients.
Now that the 10 major credit card issuers in the United States are converting to chip-based credit and debit cards, and two-thirds of leading retailers preparing to accept them, expectations are high that these EMV cards will dramatically reduce fraud.
In the Jan. 7, 2015 issue of “PaymentsSource,” Strategic Resource Management executive vice president Bob Koehler commented on Apple’s negotiation stance with the Apple Pay product.
December 11 – As the clock ticks on passage of the government spending bill, reaction has varied widely on a provision that was added to revise the Dodd-Frank financial reform act. At issue is the “swaps pushout rule,” which has yet to take effect.
LAS VEGAS — On day two of the sprawling Money20/20 conference at the Aria Resort here, speakers waded into many of the era’s hot button topics including interchange to bank branch reinvention, tokenization and card not present fees.
