Return More Value to Members
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. This reality is why so many credit unions are focusing on managing these vendor contracts more efficiently by working with strategic sourcing partners to ensure they review market conditions and ask the right questions.
This brief highlights ways credit unions can avoid common vendor contract management missteps to provide their members with the best value possible.
Specific areas discussed in the brief are:
- Where to look for cost savings and revenue-enhancement;
- What 10 mistakes are most commonly made by credit unions and;
- How automation can enhance the tracking, auditing and benchmarking of contracts.
Complete the form on the right to download a copy of the marketing brief.