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Vendor Performance Management Case Study

Community Credit Union of Florida

Community Credit Union Florida - Building Image

Executive Overview

CCU Florida faced challenges in managing over 140 vendor contracts, lacking the specialized expertise to secure optimal terms and conditions. The complexity of tracking payments, managing contract expirations, and exploring new vendor options further strained resources. As a result, staff were often pulled away from their core mission of serving members and driving community impact.

Challenges

• Lack of expertise to manage over 140 contracts as a result of rapid growth
Lack of bandwidth: vendor management responsibilities were detracting from the team’s ability to focus on member needs and community service

Solutions
 

Results Achieved

Saved

 

Over $5.4 million

 

Achieved

 

832% return on investment (ROI)

 

Improved

 

Efficiency ration to be well below peers

 

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

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