As customers demand best in class technology, your technology expense has become your second largest non-interest expense, and the number of vendors you have to manage has nearly tripled in the last decade. Your IT delivery model has changed as application ownership has morphed outside of the IT department and you struggle to find experienced staff. And you now have examiners or auditors in your shop two to three times a year looking to see if you’ve complied with 18 inches of FFIEC guidance.
It’s easy to miss the forest for the trees. We get it. We’ve been there, too. Perhaps it’s time to do something about that.
Building on the results of TechMap™, we help build a strategic technology plan that prioritizes technology projects based on your strategic business plan.
Benchmarks to compare you to peer, project future spending and staffing levels and justify your technology budgets, etc.
Cornerstone Advisors’ Take on Community Bank and Credit Union Priorities and Technology Plans
Our proven methodology is strengthened by a team of business strategy and technology professionals that specialize in figuring out how to use technology to support your institution’s strategic goals, financial targets, business model, brand, sales and service model, and culture.
Our in-depth knowledge of the strengths and weaknesses of a wide range of vendor products plus our VendorVault™ and ContractVault™ keeps us grounded on what is actually possible and what investments actually cost. No theoreticals here.
Our proprietary technology spending and staffing database of mid-sized banks and credit unions allows us to create a customized Technology Scorecard® of how your technology spending and staffing compare to peer.