by IBT Apps® | Aug 3, 2022 | risk management, vendor management
Selecting and onboarding a new core vendor involves a certain level of risk. You can do your due diligence and feel confident in your selection, but how do you know if in one year, five years, or ten years you’ll feel the same way about them? The future is uncertain,...
by IBT Apps® | Dec 9, 2021 | vendor management
Vendor management is the process of overseeing third-party service providers who work for your organization, from beginning to end. In this article I will introduce each phase of the vendor relationship and what activities happen during each, so you can more...
by IBT Apps® | Nov 16, 2021 | case study, community banking success, vendor management
A new core system is a significant financial investment and time commitment. Finding the right core partnership to meet your bank’s needs takes time to research and vet the options. Gilmer National Bank started exploring their core options when they realized their...
by IBT Apps® | Apr 28, 2021 | assessing your core provider, core technology, vendor management
This article was previously published in Independent Banker. How would you describe your relationship with your core provider? When we spoke to a group of community bankers last year, we often heard, “Well, it’s a love/hate relationship. Our business is running, and...
by IBT Apps® | Apr 13, 2021 | community banking, core provider contract, core technology, vendor management
Having to review a core provider’s contract is like trying to walk through the southern mud. There are pages and pages of messy legalese, and if you don’t have an attorney that is knowledgeable in core technology contracts, you might just sign up for products and...
by IBT Apps® | Jan 4, 2021 | vendor management
Shopping for a new core involves so many details. The cost, the timeline, and even the vendor’s reputation can influence your purchasing decision, but there’s more to it. In fact, there are a few different layers to peel through to make sure you find the right...
