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EPurchasing Results: Achieva CU
ePurchasing Results: Achieva CU
CHALLENGE
Reduce operational costs on numerous expenses.
SOLUTION
Utilize Ventelligence ePurchasing program to encourage third party vendors to aggressively compete for the business.
RESULTS
| Acheiva Credit Union |
Commodity Spend (Paper Bid) |
Online Auction Bid | Savings ($) | Savings (%) |
| Teller Cash Safe | $15,519 | $12,452 | $3,067 | 19.8% |
| Statement Printing Services | $521,151 | $405,280 | $115,871 | 22.2% |
| Telemarketing Research Services | $31,000 | $25,400 | $5,600 | 18.1% |
| Armored Car Services | $392,057 | $224,200 | $167,857 | 42.8% |
| Enterprise Risk Management Software | $91,500 | $80,393 | $11,107 | 12.1% |
| Cisco Core Switch | $86,789 | $78,523 | $8,266 | 9.5% |
| Janitorial Services | $380,135 | $226,444 | $153,691 | 40.4% |
| Computer Equipment | $35,991 | $32,477 | $3,514 | 9.8% |
| TOTALS | $1,554,141 | $1,085,169 | $468,972 | 30.2% |
TESTIMONIAL
"I am definitely a believer in the benefits and effectiveness of the ePurchasing process. Achieva has used ePurchasing events to buy hardware, software, and operational services and we have saved more than 30% on operational costs. I won't purchase another contract without it."
Dennis Holthaus, CFO
Achieva Credit Union
