PHOENIX -- Phoenix-based CCG Catalyst, which provides strategic guidance for banks, credit unions, mortgage lenders and other financial organizations, announced it offers contract negotiation services to financial institutions for vendors such as loan origination systems (LOS), servicing and online banking providers, bringing thorough knowledge of industry vendors and extensive negotiation experience to the process.
As banks seek ways to cut costs, many are looking to contract negotiations with their existing vendors as a way to streamline operating expenses. In the case of contracts that were signed during prosperous times in the industry, institutions are looking at renewals in regards to their decreased budgets and investigating whether they are receiving enough value from their investment. CCG Catalyst has found significant savings for institutions that enter into early renewal talks with their vendors.
CCG Catalyst’s contract negotiation service ensures financial institutions obtain the most favorable, all-around deals available at the best possible terms. The service also helps to assess if an organization has gone too far with concession requests so a vendor no longer views the business as profitable.
CCG Catalyst assists institutions by reviewing all of the legal language of the contract, including terms and conditions, service level agreements and pricing matrixes. CCG Catalyst then works with the institution to determine key objectives of the vendor relationship, provides recommendations and guides the institution through the negotiation process.
“By enlisting the evaluation and negotiation expertise of CCG Catalyst, institutions are ensured that their contracts best serve their business needs, while receiving the most cost-effective and efficient results within their budget,” said Paul Schaus, president of CCG Catalyst. “We take into account what technologies our clients’ competitors are using and conduct negotiations based on budget and the ROI provided by a vendor.”
About CCG Catalyst
Founded in 1998, Phoenix-based CCG Catalyst provides strategic guidance for banks, credit unions, mortgage lenders, captive finance companies and other organizations within the financial industry. The company specializes in conducting strategic planning and implementing recommended solutions that boost profitability and enhance service levels, particularly when dealing with the adoption of technology, new business practices and growing market share. For more information, visit the company's Web site at www.ccg-catalyst.com.
Copyright Business Wire 2009
