Vendor Management Case Study
Belco Community Credit Union
Executive Overview
Belco Community Credit Union has been a trusted financial partner in Central Pennsylvania since 1939, serving over 75,000 members and managing assets exceeding $955 million.
Challenges
• Newer employees were unfamiliar with former vendor management processes and best practices
• Insufficient centralized vendor information and documentation
• Inefficiencies in processing and workflows due to employee disengagement
Solutions
• Vendor Performance Management includes:
• “White glove” contract management services
• Contract negotiation services
• Vendor Vault™ platform
Results Achieved
Saved
Savings of of $5.5 million
Streamlined
Streamlined operations, improved
workflow and centralized vendor information
Achieved
Achieved a ROI of 368%