Tag: Vendor Management

Vendor Selection for Community Banks

Vendor Management and Selection

Community banks continue to look for ways to control expenses.  One effective way to minimize overhead costs is to outsource non-critical or non-differentiated tasks to third party vendors who are able to perform the function cheaper and/or faster.  Banks have increased the breadth of outsourced processes and functions: everything from check processing, website management, payment solution and even some underwriting analysis and sales leads.  Outsourcing makes sense where a vendor can perform the tasks cheaper than the bank and the bank can still retain the strategic and d

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