Vendor Performance Management Case Study
WESTconsin Credit Union
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Executive Overview
WESTconsin Credit Union had to manage an increasing number of vendor contracts, creating a complex web of relationships and administrative work that strained internal resources. The credit union sought external support to help streamline vendor contract management, negotiate favorable terms, free up their internal team, and ultimately focus on delivering better services to members.
Challenges
• Lack of expertise in vendor contract negotiations• Rising expenses were limiting growth and reinvestment in other areas of the credit union
Solutions
Results Achieved
Saved
Over $10 million vendor contracts
Streamlined
Operations for high-quality service delivery
Improved
Workflow processes and overall efficiency