CCG Catalyst Offers Vendor Contract Negotiation Services to Financial Institutions
FISI | Quote | Chart | News | PowerRating -- Phoenix-based CCG
Catalyst, which provides strategic guidance for banks, credit
unions, mortgage lenders and other financial organizations, announced it
offers contract negotiation services to financial institutions for
vendors such as loan origination systems (LOS), servicing and online
banking providers, bringing thorough knowledge of industry vendors and
extensive negotiation experience to the process.
As banks seek ways to cut costs, many are looking to contract
negotiations with their existing vendors as a way to streamline
operating expenses. In the case of contracts that were signed during
prosperous times in the industry, institutions are looking at renewals
in regards to their decreased budgets and investigating whether they are
receiving enough value from their investment. CCG Catalyst has found
significant savings for institutions that enter into early renewal talks
with their vendors.
CCG Catalyst's contract negotiation service ensures financial
institutions obtain the most favorable, all-around deals available at
the best possible terms. The service also helps to assess if an
organization has gone too far with concession requests so a vendor no
longer views the business as profitable.
CCG Catalyst assists institutions by reviewing all of the legal language
of the contract, including terms and conditions, service level
agreements and pricing matrixes. CCG Catalyst then works with the
institution to determine key objectives of the vendor relationship,
provides recommendations and guides the institution through the
negotiation process.
"By enlisting the evaluation and negotiation expertise of CCG Catalyst,
institutions are ensured that their contracts best serve their business
needs, while receiving the most cost-effective and efficient results
within their budget," said Paul Schaus, president of CCG Catalyst. "We
take into account what technologies our clients' competitors are using
and conduct negotiations based on budget and the ROI provided by a
vendor."
About CCG Catalyst
Founded in 1998, Phoenix-based CCG Catalyst provides strategic guidance
for banks, credit unions, mortgage lenders, captive finance companies
and other organizations within the financial industry. The company
specializes in conducting strategic planning and implementing
recommended solutions that boost profitability and enhance service
levels, particularly when dealing with the adoption of technology, new
business practices and growing market share. For more information, visit
the company's Web site at www.ccg-catalyst.com.
SOURCE: CCG Catalyst
For CCG Catalyst
Sarah Wroble, 678-781-7236
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