Expert contract reviews and strategic negotiations designed to optimize your operational efficiencies, create an enhanced user experience, improve contract terms and lower costs.
Pentas Services
The Pentas Group offers comprehensive vendor services tailored specifically for Banks and Credit Unions. As former service providers ourselves, we possess the extensive industry background required to navigate complex agreements and solutions seamlessly. We lead the process of negotiating better pricing, securing superior contract terms, and introducing new products so you can better serve your customer and member needs.
Elevating Your Vendor Ecosystem
The Pentas team utilizes a disciplined approach to fully understand your existing product offering, challenges you face and strategic initiatives through a proven process that gets results. Which service fits your needs best?
Negotiate Renewal Agreements
Managed Vendor Performance (MVP) is service specifically designed for clients that wish to renew their existing provider relationship. We work diligently with your bank and your providers to achieve the best possible outcome during the renewal process.
Potential Vendor Change
Managed Vendor Selection (MVS) is a unique Pentas service that facilitates a highly efficient hybrid RFP process. Our national pricing data and experience allow us to help clients determine a best-fit solution in an expedient time frame, realizing a favorable outcome relative to pricing, contract terms, and efficiencies.
Negotiate Managed IT Services
Managed Vendor Network (MVN) is a specialized service to help our clients evaluate and assess their current managed IT environments and determine the most secure and cost-effective solutions through our years of experience.
Mergers and Acquisitions
Managed Vendor Contract (MVC) Review is a unique service designed to assist clients that are contemplating a merger or acquisition and desire to better understand their total cost of ownership related to termination, deconversion, conversion and any other fees.
In-House to Outsourced Delivery
Managed Vendor Delivery (MVD) is a service that assists institutions that are currently processing in-house with the evaluation and negotiations of an outsourced solution as applications and regulations become more complex.
On-Going Pentas Support
Managed Vendor Relationship (MVR) is an ongoing service that the Pentas team provides to keep the vendor relationship on track post contract. Pentas becomes your technology advisor, with invoice audits, strategic meetings, negotiations of new products, technology budget assistance and more.
It doesn’t end there...
Value add support
Pentas provides the following support, determined by the engagement selected:
Participate in on-site strategic planning sessions
Audit/reconcile initial invoices to new contract
Perform quarterly invoice audits
Facilitate on-going client/partner meetings
Validate new contract opportunities
Coordinate new product presentations
Negotiate new product pricing/terms
Assist with new product planning and implementations
Mediate the partner relationship
Identify cost saving efficiencies
Align your financial institution strategy with “best-fit” solutions
Discover What The Pentas Group Can Do For You
Our Process begins with a no risk assessment of your environment and product mix. Other than your time which is greatly appreciated, there is NO COST to start the Process. It’s free until we are formally engaged on your behalf. Let us determine the overall impact to your institution before you make any commitments.