Slashing Core Costs in Response to COVID-19

  • Aug

    4  & 6

    Slashing Core Costs in Response to COVID-19

    Register Today
    Description

    Core Processing remains the largest technology expenditure within most banks and credit unions today, but core also represents a key cost savings area. Despite the Coronavirus environment, there are strategies to drastically reduce fees: Core, Digital Banking, EFT (Debit Card / ATM Processing), item processing, etc. ICI’s Core Pricing Analysis Model can specifically identify how much your FI can save at the negotiation table.

    Greg Schratwieser, Founder and CEO of ICI Consulting, will identify tactics regarding one of the most significant investment areas within your business. When FIs set out to evaluate core processing solutions, they often focus on new products and functionality to improve client service and cost savings to enhance profitability. The speaker will identify strategies for banks and credit unions that can be deployed to reduce the cost of back office operations.

    Webcast Attendees will learn:
    • What leverage does your FI have when negotiating a core processing agreement?
    • Current Core invoices: how much $$ can you save?
    • Our core processing perspective in the current COVID-19 environment
    • Where should FIs look first for cost savings in Core and Ancillary Systems?
    • Are your vendor service charges reasonable or excessive?
    • What are the “Tricks of the Core Processing Sales Trade”
    • How do core vendors price their solutions: asset size, number of transactions or how well you negotiate the contract?
    • How and where ancillary systems enter the financial analysis
    • How do core vendors price their solutions: asset size, number of transactions or how well you negotiate the contract?
    • How and where do ancillary systems enter the financial analysis?
    • Analyzing vendor price proposals: how to get to an “apples to apples” cost comparison?
    Audience

    This session is appropriate for Bank and Credit Union Executives who are responsible for Core Processing, Ancillary Systems, Back Office Management and Strategy groups.

    Speaker
    Greg Schratwieser greg@ici-consulting.com 800-729-8237

    Greg Schratwieser founded ICI (International Consulting, Inc.) in 1994. ICI is a consulting firm that focuses on the Financial Industry. Greg offers ICI clients unique expertise based on his extensive work in the areas of Core Processing, Check Processing and Online Banking deployment. Greg Schratwieser has consulted with financial institutions and corporations throughout North America, Australia, Europe and Asia. He has given hundreds of speeches within these geographic markets and written dozens of industry articles. Before founding ICI Consulting, Greg Schratwieser was employed by Unisys and Prismac Systems Australia.


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