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Financial institutions today depend highly on constructive relationships
with outside vendors. Building such relationships does not come easy. It
requires a real discipline in identifying, reviewing, selecting, contracting
and managing vendor relationships. Cornerstone Advisors provides you with
the methodology, the tools, and the industry knowledge to ensure you make
informed, well-documented vendor decisions.
With more than a decade of experience, Cornerstone brings many benefits to your system selection process:
- Proven Experience - The Cornerstone team has conducted more than 100 system selections and technology reviews for banks and credit unions of all sizes. We have helped financial institutions evaluate core processing as well as ancillary systems, including Internet banking, CRM, lending, and profitability solutions.
- Industry Knowledge - Cornerstone is thoroughly familiar with the vendor community and possesses a broad knowledge of each product's strengths, weaknesses and strategic direction. This eases your research burden - sparing you the energy it takes to work through vendor hype - and allows you to devote more time to strategic issues. We have no marketing, referral or resale agreements with any vendors in the marketplace and maintain total independence in representing the interest of our clients.
- Dollars at Risk - Financial institutions typically spend 10% - 15% of their operating budgets on technology every year. Cornerstone's strong experience, extensive vendor database, and proficient contract negotiation skills will leave you confident that you have signed a winning deal with your processor of choice. Cornerstone can proudly boast that the savings our clients realize with our Contract Negotiation Service more than offset the cost of the entire system selection engagement .
- Due Diligence - As a result of safety and soundness and security/privacy issues, increasing pressure is being placed on management to be meticulous when evaluating technical partners. A post-selection Summary Report, backed by Cornerstone's reputation and track record, documents the thorough process you have undertaken and lends credibility to your decision before your Board, auditors and regulators.
We invite you to explore our System Selection and Advisory Services:
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