Keeping Track of Your Critical Vendor Contract Milestones
Across industries, 60 percent of supplier contracts automatically renew without agreement of the buyer. Within banking, automatic renewal of a high value critical vendor contract can result in additional expenses of $500,000 or more depending on contract language, market pricing and the resulting decrease in negotiating leverage. In this webinar, information on best practices in vendor contract management, impacts from poor vendor management practices and options for automating critical vendor management functions will be provided. At the end of this session, each participant will have actionable options for addressing these issues in their financial institution.
Who Should Attend: CFOs, Financial Officers, Vendor Management/IT Professionals
- Understand how various approaches to contract and vendor management can directly add to or erode a bank’s bottom line.
- Be provided with a general view to these dynamics across the back office as a whole and vendor relationships specifically.
- Learn the background necessary to apply actionable ideas to these challenges at their financial institution.
Executive Vice President
Michael Carter has more than 15 years of executive technology leadership ranging from early-stage start-ups to international organizations, with a career in financial services stretching over 25 years. He was the CMO for the S1 Corporation and served in several management roles at ACI Worldwide. As an executive vice president at SRM, he serves as a subject matter expert in the practical application of proven technology in vendor management. Carter has been featured as a speaker at dozens of conferences and he is regularly quoted in the industry media.
|Pricing For||Price||Season Pass|
Season Pass Members receive 4 individual logins to every webinar
Participants will earn 1.0 CPE credit
Field of Study: Specialized Knowledge
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
Refunds and Cancellations: Webinar registrations are non-refundable. If the registrant is unable to attend the designated time and date of the webinar, a playback link and any written materials will be provided within 2 business days following the conclusion of the webinar
Western Bankers Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:www.nasbaregistry.org.