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Vendor Contract Negotiations
Secure Greater Savings, Optimal Terms & Incentives
Get more out of your vendor contracts
Our team negotiates with vendors every day, which offers a unique perspective and knowledge
Types of Contracts We Negotiate
How Much You Can Save
Client Success Stories
How can a contract review benefit my financial institution?
A regular audit of your vendor contracts, especially if you’ve never had a third-party review, can give you valuable insight into not only significant savings opportunities, but improved contract terms and service upgrades. Also, depending on the type of contract or agreement there may even be increased revenue potential. Overall, for many of our clients getting our expertise provides them great peace of mind when making such important purchase decisions.
98%
Success Rate in Achieving Contract Savings
18-24 Months
Ideal time to start negotiations
10 Days
For an Initial Appraisal
“My goal was to achieve greater savings than we could on our own and have ADVATAGE bring more creativity to the negotiation process than we knew how to.”
The credit union wanted to make sure they were getting the best deal compared to their peers—and ADVANTAGE’s extensive knowledge of what vendors charge other credit unions for services gave them the best possible leverage to do so. All in all, ADVANTAGE helped the credit union save $3.2 million over the course of the three contracts.
Types of Contracts We Negotiate
Negotiating your service contracts can be time-consuming and intimidating if you don’t have hands-on expertise for finding new savings opportunities. We specialize in negotiating with vendors every day, offering a unique perspective and unparalleled expertise.
Here are some of the contracts and agreements our team will negotiate on your behalf:
- Core Data Processing
- Digital Banking
- Debit/ATM Processing
- Credit Card Processing
- Card Brand
- PIN Networks
- Surcharge-Free/Shared Branch Networks
- Loan Operating Systems
- Check Printing Services
- …and much more
Let our team take the task off your plate, improving efficiencies and the bottom line.