Are Your Vendor Contracts on Autopilot?

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By ADVANTAGE

Even small contract oversights can quietly drain your credit union's budget, limit flexibility, and slow innovation. As technology evolves and costs rise, outdated vendor agreements can prevent you from optimizing operations or adopting new solutions. If your core, card processing, card or digital banking contracts are approaching renewal, it’s time to make sure they’re working for you – not against you.

This quick infographic outlines six warning signs that your vendor contracts may be running on autopilot, from aging agreements and rising costs to limited flexibility and unverified value. By identifying these issues early, you can uncover opportunities to improve efficiency, reduce expenses, and strengthen your competitive edge. See if your credit union is at risk – and learn how a strategic review can help you reclaim control and value.

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ADVANTAGE

ADVANTAGE, powered by JMFA, is dedicated to empowering financial institutions with strategic solutions for growth and success. Our comprehensive services include overdraft program consulting and compliance, checking account acquisition strategies, contract negotiation expertise, and consulting for technology strategy, evaluation and selection. With a rich history of serving credit unions nationwide, we are committed to delivering exceptional value and fostering long-lasting partnerships. Choose ADVANTAGE, to elevate your performance, identify new opportunities, and build more value.

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