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Topic: Vendor Management

Best Practices for Managing Risk During Vendor Selection
By on March 2, 2022

Selecting and onboarding a new core vendor involves a certain level of risk. You can do your due diligence and feel confident in your selection, but how do you know if in one year, five...

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Vendor Management Basics: How to Build a Successful Process
By on December 9, 2021

Vendor management is the process of overseeing third-party service providers who work for your organization, from beginning to end. In this article I will introduce each phase of the vendor...

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It's Time to Rethink the Core Vendor Relationship
By on April 28, 2021

This article was previously published in Independent Banker. How would you describe your relationship with your core provider? When we spoke to a group of community bankers last year, we...

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A Community Banker's Guide to Spotting the Holes in a Core Contract
By on April 7, 2021

Having to review a core provider’s contract is like trying to walk through the southern mud. There are pages and pages of messy legalese, and if you don’t have an attorney that is...

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Vendor Management in Action: Choosing a New Core During a Pandemic
By on October 29, 2020

A new core system is a significant financial investment and time commitment. Finding the right core partnership to meet your bank’s needs takes time to research and vet the options. Gilmer...

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The Components of Successful Core Vendor Management
By on March 25, 2020

Whether you’re exploring a new core solution or are narrowing down your selection for a new core provider, there are critical conversations that need to happen with a potential vendor prior...

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Evaluating core vendors? Start by meeting the right team. 
By on February 5, 2020

Shopping for a new core involves so many details. The cost, the timeline, and even the vendor’s reputation can influence your purchasing decision, but there’s more to it. In fact, there are...

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