DIY Core Systems Selections Webinar

Between 8-10% of banks and credit unions annually review whether their core system is robust enough to help them support their customer base and grow their business. A Core Systems Selection, as covered in this session, is the process that the organization goes through to determine if it is time to migrate to a new core platform. For Financial Institutions (FI’€™s) that do not have the internal resources to do this themselves, there are a handful of consulting organizations that can outsource the systems selection process.

Some FI’€™s prefer to complete their own systems selection, either because they can’€™t afford an outside consultant, or they just want better control of the process internally. This session will give banks and credit unions a peek inside how one systems selection consultant organizes the selection process, from the initial gap analysis through RFP, vendor scoring, and ultimately negotiating a contract.

This session will give financial institutions a peek inside how one systems selection consultant organizes the selection process, from the initial gap analysis through RFP, vendor scoring, and ultimately negotiating a contract.

Whether your FI’s is in the process of changing out your core vendor, or any of your other major IT providers, this session should provide insight into how to organize your process should you opt to “do-it-yourself”.

What You Will Learn

  • Forming a Selection Committee
  • Setting Target Dates
  • Performing a Gap Analysis on Current Products
  • Ranking your Team’€™s Selection Criteria
  • Deciding which Vendors will receive RFP and be invited to Demo
  • Developing a Request for Proposal
  • What to ask During Vendor Demos
  • Financial Modeling of all Proposals
  • Negotiation Tactics
  • Choosing Your Vendor

Who Should Attend?

Any bank or credit union CFO, CIO or COO who is considering changing core vendors in the next 24-36 months.

Continuing Education (CE) Credits

This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.

View Delivery Options

Related Topics

Instructor

Charlie Kelly
Charlie Kelly

Charlie Kelly is a Partner at Remedy Consulting. Remedy advises Banks and Credit Unions on Systems Selections and Contract Negotiation, Vendor Management, Mergers and Acquisitions and Technology Strat... read more.

Course TitleCreditsStart DateStart TimeDelivery TypeDelivery OptionInstructor / LocationPrice
DIY Core Systems Selections0.25 Any AnyWebinarSix Month On-Demand Recording Charlie Kelly$295.00 Register Now
DIY Core Systems Selections0.25 Any AnyWebinarCD-ROM Video Recording Charlie Kelly$345.00 Register Now
Delivery Options

LIVE WEBINAR:
INCLUDES 7 DAYS OF ONDEMAND PLAYBACK! With this option, you will participate in the webinar (via the internet) as it is being presented. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time. And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!

SIX MONTH ONDEMAND VIDEO:
With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. The weblink will be available to you (and anyone else in the company) for up to six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.

CD-ROM VIDEO:
If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. With this option, you will receive a download of the PowerPoint slides and a CD-ROM Recording (featuring PowerPoint presentation with audio) of the webinar via regular mail. Mailed 7 to 10 days after the webinar takes place.

Powered by
0
    0
    Your Cart
    Your cart is emptyCourses and Events