Technology and Business Needs Assessment and Roadmap (TechMap™)
An unbiased assessment of your technology vendors, products, spending and delivery with actionable improvement recommendations.
Our modular TechMap™ provides an independent bank or credit union technology assessment across seven technology focus areas.
We can tailor an approach to include any or all of the modules to meet your needs and budget, but we are always looking for the gaps between your current environment (vendors, applications, service delivery, etc.) and your target environment. We then make actionable recommendations to bridge those gaps and to establish a roadmap with priorities, timing and phasing.
If we are assessing vendors and applications, we will document whether to keep, improve the use of, or evaluate replacing each of the Bank’s major applications, which contracts should be renegotiated at more advantageous pricing, and how to better leverage the Bank’s technology investments to help reengineer critical processes throughout the organization.
And if we are evaluating governance, we will deliver our governance toolkit with tools for vendor management, project prioritization and approval, business case templates, etc.
So, What Makes Us Different?
ONLY BENCHMARK DATABASE OF ITS KIND
Quite simply, no one else has a technology spending and staffing database for mid-sized banks and credit unions. We keep ours current through a group of financial institutions that have participated in the survey for 10 years as well as recent data from client projects.
We help clients with the data gathering process to meet data taxonomy standards. Our data is not subject to client inconsistencies in classification or GL accounts that often cloud benchmark results.
BEST VENDOR INTEL
This is not an academic exercise executed by ivory tower researchers. Our process is led by former bank and credit union CIOs and IT Executives who can help you interpret the results and formulate actionable recommendations.
Continually emerging payment technologies keep financial institutions struggling to be at the forefront of their market. Join Cornerstone’s Payments Experts for 2-full days of learning this cutting-edge environment and how to keep your FI ahead of the game.