Contract Review/Negotiations for Core & Ancillary Systems
In today’s competitive environment it is just plain good business to negotiate the business terms and fees of almost every contract you will have with your vendors including both new agreements and agreements currently in place. In the past, many financial institutions were of the belief that they had to sign vendor contracts just as it was presented. Abound Resources has assisted hundreds of clients negotiate better contract terms and better fees. In fact we guarantee that the final agreement will be more favorable to you!
Abound Resources maintains a database of the major vendor’s pricing for the contracts where we have been involved in the negotiations. We know what business terms, service level agreements and fees. Many times it is more important to get the best terms in the agreement than it is to get better pricing. We know how to get both. Our experienced consultants have the knowledge and skills to negotiate contracts that are in your best interest versus the vendor’s best interest.
We also understand that you will be “married” to the selected vendor for a long period of time and that the terms and fees need to be fair for both sides. Getting to a “Win/Win” position is important to having a good long term relationship with your vendors. Abound Resources has the experience to make this happen.
Our services are modular and you can select the ones that will provide you the most benefit including:
- Contract Review – Abound Resources provides recommendations on the most critical business terms and service level agreements to negotiate
- Contract Negotiation – Abound Resources will negotiate the most critical issues and fees on your behalf and make it a Win/Win situation
Abound Resources provides these services on a fixed price basis and will guarantee your satisfaction! Other consulting firms may offer similar services on a contingent fee basis. We feel that a contingent fee arrangement only benefits the consultant and is a conflict of interest in negotiating a “Win/Win” agreement. Our approach on a fixed fee basis has your best interest in mind at all times.
