Outsourcing to Increase Efficiencies


Today, banks are looking to increase efficiencies through outsourcing or leveraging technology to streamline processes and minimize the need for additional staff; however, such goals can only be achieved if sufficient due diligence is done before the contract is signed. In the WiBinar, learn how to increase the likelihood for successful outcomes by implementing strategies to determine business requirements, leverage product demonstrations to identify potential risks, bring internal partners to the table to identify technical dependencies or solutions that may already exist, successfully navigate vendor contract negotiations, conduct proper due diligence to assess whether the solution will deliver on its promise, and determine metrics for success.

To request playback, email Montana Townsend at mtownsend@westernbankers.com

Learning Objectives:

Determine concrete business requirements to form an effective Request for Proposal (RFP)

Learn to conduct effective vetting and vendor due diligence reviews

Explore ways to review and negotiate contract language in support of business requirements


Laurel Sykes
Senior Vice President
Montecito Bank & Trust

WiBinar Fees

Pricing For Price Season Pass
Bank Member $195 $0
Bank Nonmember $249 $0
Affiliate Member $195 $0
Affiliate Nonmember $249 $0

Season Pass Members receive 4 individual logins to every WiBinar:

This WiBinar is ideal for:

Chief Operating Officer, Chief Information Security Officer, Chief Risk Officer, Technology Risk Officer, Vendor Management Officer, Vendor Assessment Coordinator