CONSULT 4 IT, LLC

Home

Services

Bank Core Evaluations

Virtual CIO

Virtual IT Compliance

Core Contract Negotiation

Bank Process Efficiency

Denovo Package

IT Strategic Planning

Board Level Strategies

Business Gap Analysis

Project Management

About Us

Bob Moreau

Tom Johnson

Contact US

News and Events

Testimonials

Helpful Web Site Links

Solutions for Financial Institutions and Small Business


Consult 4 IT offers a wide range of IT professional services, from network design to implementation, maintenance and support / consulting services. Your time is best devoted to your core business. Contact us for a free consultation on how we can assist you and your business.

Bank Core Evaluation

Core Contract Negotiation

Bank Process Efficiency Review

Denovo Package

Strategic Planning for Banks

Business Gap Analysis

Project Management Services



Bank Core Evaluation

Product / Service Description

The Bank Core Evaluation engagement is available for financial institutions of any size which are considering a new core processor or are about to reach the end of the current core contract.  The Core Evaluation service provides a full service project for managing the entire evaluation and selection process.

Benefit

·         Banking application and work flow assessment accomplished
·        
Request For Proposal (RFP) process created and managed
·        
Comparison matrix created
·        
Expert Analysis provided
·        
Consult 4 IT negotiates with the vendors
·        
Due diligence document provided in compliance with FFIEC requirements

Qualifying Questions

·         Are your satisfied with your core?
·        
Are you including a review of account processing, item processing, and ATM management?
·        
Can you identify existing inefficiencies with bank processes?
·        
How many times does a process include an excel spreadsheet?
·        
Have you determined which business functions need to change within your organization?
·        
Do you have the manpower to accomplish the RFP process?
·        
Do you have project managers on staff?
·        
How current is your organization on the core offerings?
·        
Do know what your organization should be paying for core services?

Scope of Work

Phase I – Needs Assessment and Work Flow Mapping
Phase II –
Request for Proposal (RFP) Creation
Phase III – Review of Proposals
Phase IV –
Final Selection of Vendor
Phase V –
Contract Negotiations with Vendor
Phase VI – Review of Final Contract

Key Areas for Evaluation

Account Processing                 Internet Banking                     
Item Processing                       Remote Capture                     
ATM Management                   Customer Relationship Management
Profitability                             Loan and Deposit Work Flow


 

Web Hosting powered by Network Solutions®