Contract Management, Due Diligence, & Risk Assessment

ePurchasing

Commodity Considerations

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Purchasing Strategies Designed to Save

LEVERAGE is redefining the traditional purchasing process with new strategies designed to leverage credit union buying power through an innovative ePurchasing platform, powered by

ePurchasing

CU Saves More than 30% on $1.5m Spend
"We have used ePurchasing events to buy several services and have not experienced less than a 20% cost savings; in more than one case resulting in 40% savings. I won't purchase another contract without it."
Dennis Holthaus, CFO
Achieva CU

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ePurchasing

Credit Unions Save

Computer Equipment Group Purchasing Event Saves CUs an Average of 23%
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More than 60 Bids Were Received for Janitorial Services Resulting in 40% Savings
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Ocala Community CU Saved 82% on Yearly Armored Car Services in a Group Buying Event

Pressures to reduce costs and improve spending are fueling a strategic buying revolution among credit unions. Whether you have one person or several staff members administering multiple contracts, it’s important to have consistent policies in place to manage the purchasing and monitoring activities involved. From the savviest buyer to the novice, the Ventelligence ePurchasing platform is suited for credit unions of all sizes.

Program Benefits

  • No Software Integration or Installation Required
  • LEVERAGEStaff Manages the Complete Process
    • Perform Current Cost Analysis
    • Help Define Individual Purchase Specifications
    • Create & Manage RFP Process
    • Coordinate, Monitor, & Review Bidding Activities
    • Collect NCUA-Required Due Diligence
    • Manage Vendors
    • Provide Ongoing Support
  • Credit Union Remains in Complete Control of All Buying Decisions
  • Encourages Vendors to Aggressively Bid Against Their Competitors
  • Average Immediate Savings of More Than 20% in the First Year

33% Savings on ATM Machine Maintenance

"We had an unexpected savings of 33% from our initial paper bid on ATM Maintenance Services. LEVERAGE made the process easy and took care of everything. We will definitely use ePurchasing on future purchases."
Cindy Barco, President
Manatee Community FCU

Credit Unions Save on Armored Car Services

Seven credit unions participated in an ePurchasing event where six companies more aggressively competed for their business. The combined prior-year spend was more than $1.9m. At the end of the event, participating credit unions averaged a more than 21% savings.

How Can My Credit Union Participate in an Upcoming ePurchasing Event?

It's easy to save on almost any expense. The ePurchasing platform requires no long-term contract commitment to participate, purchasing details do not need to be identical to those of other participants, and each credit union remains in charge of making decisions on their business throughout every step of the process. Click here to contact a LEVERAGE Business Development Consultant.