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Vendor Management Case Study

Belco Community Credit Union

Belco Community CU

Executive Overview

Belco Community Credit Union has been a trusted financial partner in Central Pennsylvania since 1939, serving over 75,000 members and managing assets exceeding $955 million.

Challenges

• Newer employees were unfamiliar with former vendor management processes and best practices
• Insufficient centralized vendor information and documentation
• Inefficiencies in processing and workflows due to employee disengagement

Solutions

Vendor Performance Management  includes:
    • “White glove” contract management services
    • Contract negotiation services
    • Vendor Vault platform

 

Results Achieved

Saved

 

Savings of of $5.5 million

Streamlined


Streamlined operations, improved
workflow and centralized vendor information

 

Achieved

 

Achieved a ROI of 368%

Want to Know the Full Story? Download the Case Study.