Negotiating a contract for Core Processing Services is time consuming and difficult at best. The question we are asked most often is "How do I know my bank is getting the best possible price for our Core Processing Services".
We will answer that question for you after just a 30–35-minute conference call meeting. We will discuss your current contracts and costs. We will tell you what you should be paying. If you decide you want us to help you negotiate your contract, we will identify an estimated savings and if we do not achieve that savings, you pay no fee. That's correct, if we miss the target, you have a new contract with substantial savings and pay absolutely nothing for our services.
That is a results-oriented approach. We produce or we do not get paid!
Banks that utilize BankServices1 to negotiate their Core Processing service contracts range in asset size from $50 Million to $1.5 Billion. These banks believe they posses the ability to negotiate a new contract with a modest discount (7-12%). However, they recognize they do not have the time, the expertise, nor the industry knowledge to negotiate a contract that provides a substantial reduction is cost (25-48%).
When asked why they selected BankServices1 to handle their negotiations they sited one or all of the following factors about BankServices1:
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