Protect Your Interests: How to Negotiate Cost-Saving Vendor Contracts
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Whether your financial institution has one branch or 1,000, your ability to maintain productive vendor relationships comes down to the quality of the vendor contract. For larger institutions, lawyers and years of experience eliminate many of the loopholes that otherwise create vulnerabilities for smaller FI's. While substandard contracts can mean thousands of dollars per year in wasted fees and unnecessary risk, quality contracts result in proper expectations and efficient expenditures.
After reading this whitepaper, you'll have the following takeaways:
This whitepaper is tailor-made for small- and mid-sized institutions interested in saving thousands of dollars each year on their IT services to best support both back-office operations as well as customer-facing products.