equipment maintenance expense reduction for financial institutions
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SAVEIMPROVE CONTROL EQUIPMENT MAINTENANCEEXPENSE REDUCTIONGuaranteed savings of 10%-25%over existing maintenance contracts
James M. Caughey • Strategic Sourcing Solutions500 Elm Grove Road, Suite 101 • Elm Grove, WI 53122O: 800-236-6866 • C: 262-993-1643 • [email protected]
STRATEGICSOURCING SOLUTIONSA Division of Insurance Strategies, Inc.
ELIGIBLE EQUIPMENTFOR THE CONSULTATIVE STUDY
James M. Caughey • Strategic Sourcing Solutions500 Elm Grove Road, Suite 101 • Elm Grove, WI 53122O: 800-236-6866 • C: 262-993-1643 • [email protected]
EQUIPMENT CATEGORIES
o After Hour Depositories
o Alarm Systems
o ATM’s
o Audio/Visual Systems
o Card Access Readers
o Card Access Systems
o CCTV Systems
o Check Protectors
o Coin Sorters / Counters
o Copiers
o Currency Counters
o Dictation Equipment
o Drive up Systems
o Electric Rotary Files
o Electric Gates and Doors
o Electronic Typewriters
o Encoders
o Facsimile Machines
o ID Card Readers
o Laminators
o Mail Inserters
o Mail Machines
o Mail Openers
o Mail Scales
o Mail Stackers
o Microfilmers & Film Readers
o Premise Alarms
o Printers
o Proof Equipment
o Radios (two way)
o Scanners (stand alone and remote capture)
o Shredders
o Telephone Systems
o Teller Cash Dispatch Systems
o Time Clocks
o Uninterrupted Power Supplies (UPS)
o Vaults and Safes
o Voice Mail Systems
Revenues are
Down
Expenses areUp
2008 2009 2010
2008 2009 2010
THE PROBLEM: It’s a Challenging Business Environment• Competition is fierce.• Revenues are down. • Expenses are up.• Margins are squeezed.
THE SOLUTION: Equipment Maintenance Expense ReductionOur program offers significant savings on existing equipment maintenance agreements without changing vendors or compromising service. It is a time-tested, proven approach since 1982 with the following features:
• Allows you to leverage the dollars you spend on multiple service contracts.• Provides a FREE consultative study detailing your overall savings opportunity by vendor.• Saves you money without reducing quality of service or changing vendors.• Improves your efficiency through cost-savings and effective time management.• Lets YOU keep Control of your vendors.• Lets YOU define the equipment selected for participation in the program.• Lets YOU make the decisions which best benefit your organization.
SAVE: Sampling of Savings from Recently Performed Consultative Studies
Customer No. of Loc. State Contract Amount Annual Savings Community Bank 34 sites MS $128,295 19% Regional CU 16 sites MN $ 47,497 18% Community Bank 23 sites PA $ 69,506 22% Community Bank 67 sites FL $301,157 17% Regional CU 9 sites MA $ 59,116 18% Community Bank 22 sites CA $ 92,138 20% Community Bank 11 sites TX $217,896 17%
Strategic Sourcing Solutions has worked with clients in multiple industries (financial institutions, hospitals, medical clinics, city and county governments, higher education and research institutions) throughout the United States and Canada for over 20 years. We are experienced and dedicated to developing a program which meets your organization’s individual needs.
IMPROVE: The Consultative Study Identifies Your Savings PotentialThe Consultative Study is an integral step on the road to identifying your current expense dollars and savings potential critical to improving your organization’s equipment maintenance expense management. The benefits to the Study include:
• Requires very little time on your part.• Will identify your current service agreement expenses by vendor.• Will capture all expiration dates of existing agreements.• Results in a detailed savings analysis showing you which maintenance agreements
can be moved into the program thereby improving cash flow.• Is free and without obligation on your part to implement the program.
Potential Savings
Time and $$ Cost
Nominal $50,000 $100,000 $150,000 $200,000 $250,000
CONTROL: Better Information = Better DecisionsUpon completion of the Consultative Study, you will be able to make an informed decision on how best to design the program for your organization. And the information does not stop there. As an added benefit when you implement our program, the following online reports are available to aid your decision making:
• Equipment inventory by vendor, site, and manufacturer.• Equipment repairs by branch or equipment type.• High frequency repairs to pinpoint problem equipment.• Warranty expiration date tracking.
To further improve efficiencies and reduce paperwork, all contracts moved into the program will have a common anniversary date and your vendors will be paid in 25-35 days for covered corrective and preventative service costs.
Time