Reduce Expenses. Improve Your Efficiency Ratio.

Fee income is shrinking. Margins are tightening. Shareholders are demanding more value. Financial institutions today face pressures like never before, which requires smarter performance. One of the quickest and most effective ways to enhance your institution’s earninags per share is through expense reduction.

How can institutions be certain they are purchasing products and services at the best possible prices?
ExpenseMark™ is a sourcing and procurement solution that delivers competitive pricing for the goods and services you currently purchase. Using Procurement Data Modeling software, we pinpoint opportunities for cost reduction and develop a savings plan for your institution. Our proven negotiating techniques and industry experts typically yield annualized savings of 6% to 11%, while maintaining service and quality, normally with your current vendors.

What we do.
Through a simple three-step process — Operational Analysis, Action Plan and Performance Reporting — we swiftly yet thoroughly assess your current pricing positions and tailor a Cost Reduction Roadmap that targets one or several non-interest expense categories. Once the cost savings are implemented, results are measured and tracked to ensure the negotiated benefits are realized. All on a no-risk basis, with no up-front fees. If we cannot find savings, you owe us nothing.

Cost target areas include:
Armored Services ATM Equipment Purchases ATM Equipment Maintenance ATM / EFT / Debit Card Processing Cash Management, Delivery & Replenishment Commercial Printing Consumer Checks Copier Services Courier Services–Local Credit Card / Debit Card Processing Core Processing	Disaster Recovery Services Equipment Maintenance Facilities Services IT Hardware Office Supplies Office Checks Online Banking Postage and Mail–Presort Rewards Checking RFI / RFQ / RFP Management Security Equipment and Maintenance Telecommunications Utilities

 

 

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