As 2023 begins, credit unions and community banks are facing multiple challenges, including the looming threat of recession, interest rate uncertainty, cybersecurity concerns, and new supervisory priorities for your exam. Many savvy institutions are turning to experts that have the people, tools, and technologies to help with compliance and beyond.
Here are the top reasons why outsourcing can help you overcome this year’s hurdles and stay focused on success.
You can go at it alone and hope you pass your vendor management exam. Or you can outsource to a company that excels in knowing how to manage and exceed examiners’ expectations. Maple Street knows what’s needed to respond to the top vendor management priorities examiners are focusing on this year. Our pros will even do most of the work for you. (We also offer the Pass Your Exam Guarantee!)
To weather the storm of uncertain times, you may need to reduce or maintain your number of employees. You can make fewer people do more work, which takes away from time devoted to member/customer satisfaction, as well as deteriorates moral. Or you can outsource the daily grind to experts like Maple Street. We have the tools and resources to get the job done right – the first time — while saving you time AND money.
By outsourcing tedious, time-consuming grunt work to Maple Street, you’re showing your team members you recognize their worth by giving them the productive work they value. Freeing them from drudgery also gives them the time to help members/customers and continue to build loyalty to your institution.
If your vendors are running you instead of the other way around, outsource your vendor management program to Maple Street. We’ll make you a winner in negotiation, on-boarding new vendors, daily management, and vendor performance accountability.
Maple Street has been a leader in outsourcing compliance and vendor management since 2003. We’re a service company with a robust software platform that makes it easy to outsource many of the less-valuable, time-consuming tasks. When it comes to your exam, we’ll gather due diligence, coach your staff, and free up your team to focus on other priorities We even provide a free exam planning kit, and our staff is on call to help you earn an A+ on your exam. Plus, we’ll get on the phone with your examiners and walk them through it.
Our exclusive Vendor Advantage System® goes beyond the vendor management paper chase to deliver a fully-outsourced vendor management solution that reduces expenses, improves vender performance, and reduces risk. Our proven process even includes measuring and monitoring vendor performance.
Outsource your compliance and vendor management to the one company that does it all. We have saved our clients more than $300 million. Find out how much outsourcing to Maple Street can save you – call 800-513-6839, email email@example.com or visit www.maplestreetinc.com/learn.
Article by Maple Street, a California and Nevada Credit Union Leagues business partner.