By ADVANTAGE
Vendor contract reviews often seem manageable at first – especially for experienced finance teams that know their institution, their vendors, and their priorities. But without current market benchmarks, a structured RFP process, and dedicated negotiation support, it can be difficult to know whether pricing, service terms, and incentives truly reflect the value available in today’s market.
River Valley Credit Union partnered with ADVANTAGE to reduce the internal burden of evaluating card processing providers while gaining objective confirmation that its contract strategy was on the right path. Through a competitive RFP and end-to-end negotiation process, the credit union secured more than $2.26 million in contractual value, improved pricing and service terms, expanded card program capabilities, and maintained alignment across debit, credit, ATM, and PIN services – without disrupting members.
Connect with ADVANTAGE to learn more.
