Contract Renewals & Pricing Negotiations

Contract Renewals & Pricing Negotiations

When it’s time for your bank to consider renewing your vendor processing agreements, benefit from our expertise and save money in the process!

Our services are designed to improve operational and financial performance, strengthen vendor relationships, and save you money in the process!

  • Core Data Processing
  • Check Processing
  • Remote Deposit Capture
  • ATM & Debit Card Processing
  • Internet Banking & Bill Pay
  • Platform Solutions
  • Document Imaging Systems
  • and More!

When these processing contracts are within 18 months of expiration, BankSmart can manage and assist you with the following renewal activities:

  • Develop Vendor Contract Tracking Tool
  • Develop Vendor Contract Non-Renewal Notifications
  • Perform Process Improvement & Operational Efficiency Review
  • Develop Vendor Services “Issues List” for Vendor Resolution
  • Benchmark Costs for Current Processing Services
  • Request Vendor Renewal Pricing Proposals
  • Participate in Vendor Meetings
  • Analyze Proposed Vendor Pricing
  • Negotiate Final Vendor Pricing at Competitive Rates and Terms
  • Review New Agreements for Terms and Pricing
  • Review New Invoices for Accurate Pricing

BankSmart’s experienced team knows and understands many different vendor processing solutions and we strive to maintain effective and professional relationships with the vendors in the market. We have found that treating your vendors with fairness and respect results in better results for your bank!

If the evaluation and renewal of your current provider’s products, services, and pricing is in order, or you need to evaluate new providers, BankSmart will roll up our sleeves and assist you every step of the way!

Call Us at (813) 774-8000

Or complete the form on the right and we will be in touch within 24 hours.