Economic Risk Factor Update: May 2024 [SlideShare]
Equipment Maintenance Expense Reduction for Financial Institutions
1. ELIGIBLE EQUIPMENT
FOR THE CONSULTATIVE STUDY STRATEGIC
EQUIPMENT CATEGORIES
o After Hour Depositories o Laminators
SOURCING SOLUTIONS
o Alarm Systems o Mail Inserters A Division of Insurance Strategies, Inc.
o ATM’s o Mail Machines
SAVE
o Audio/Visual Systems o Mail Openers
o Card Access Readers o Mail Scales
o Card Access Systems o Mail Stackers
IMPROVE
o CCTV Systems o Microfilmers & Film Readers
o Check Protectors o Premise Alarms
o Coin Sorters / Counters o Printers
CONTROL
o Copiers o Proof Equipment
o Currency Counters o Radios (two way)
o Dictation Equipment o Scanners (stand alone and remote capture)
o Drive up Systems o Shredders
o Electric Rotary Files o Telephone Systems
Revenues
o Electric Gates and Doors o Teller Cash Dispatch Systems EQUIPMENT MAINTENANCE are
Down
o Electronic Typewriters o Time Clocks EXPENSE REDUCTION 2008 2009 2010
o Encoders o Uninterrupted Power Supplies (UPS)
Guaranteed savings of 10%-25% Expenses
o Facsimile Machines o Vaults and Safes
over existing maintenance contracts are
Up
o ID Card Readers o Voice Mail Systems 2008 2009 2010
James M. Caughey • Strategic Sourcing Solutions James M. Caughey • Strategic Sourcing Solutions
500 Elm Grove Road, Suite 101 • Elm Grove, WI 53122 500 Elm Grove Road, Suite 101 • Elm Grove, WI 53122
O: 800-236-6866 • C: 262-993-1643 • jcaughey@insurancestrat.net O: 800-236-6866 • C: 262-993-1643 • jcaughey@insurancestrat.net
2. THE PROBLEM: It’s a Challenging Business Environment IMPROVE: The Consultative Study Identifies Your Savings Potential
• Competition is fierce. The Consultative Study is an integral step on the road to identifying your current expense dollars
• Revenues are down. and savings potential critical to improving your organization’s equipment maintenance expense
• Expenses are up. management. The benefits to the Study include:
• Margins are squeezed.
• Requires very little time on your part.
• Will identify your current service agreement expenses by vendor.
THE SOLUTION: Equipment Maintenance Expense Reduction • Will capture all expiration dates of existing agreements.
Our program offers significant savings on existing equipment maintenance agreements without • Results in a detailed savings analysis showing you which maintenance agreements
changing vendors or compromising service. It is a time-tested, proven approach since 1982 with can be moved into the program thereby improving cash flow.
the following features: • Is free and without obligation on your part to implement the program.
• 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. Potential Savings
• Improves your efficiency through cost-savings and effective time management.
• Lets YOU keep Control of your vendors. Time and $$ Cost
• Lets YOU define the equipment selected for participation in the program.
• Lets YOU make the decisions which best benefit your organization. Nominal $50,000 $100,000 $150,000 $200,000 $250,000
Time
SAVE: Sampling of Savings from Recently Performed Consultative Studies
CONTROL: Better Information = Better Decisions
Customer No. of Loc. State Contract Amount Annual Savings Upon completion of the Consultative Study, you will be able to make an informed decision on how
Community Bank 34 sites MS $128,295 19% best to design the program for your organization. And the information does not stop there. As an
Regional CU 16 sites MN $ 47,497 18% added benefit when you implement our program, the following online reports are available to aid
your decision making:
Community Bank 23 sites PA $ 69,506 22%
Community Bank 67 sites FL $301,157 17% • Equipment inventory by vendor, site, and manufacturer.
Regional CU 9 sites MA $ 59,116 18% • Equipment repairs by branch or equipment type.
Community Bank 22 sites CA $ 92,138 20% • High frequency repairs to pinpoint problem equipment.
• Warranty expiration date tracking.
Community Bank 11 sites TX $217,896 17%
To further improve efficiencies and reduce paperwork, all contracts moved into the program will
Strategic Sourcing Solutions has worked with clients in multiple industries (financial institutions, have a common anniversary date and your vendors will be paid in 25-35 days for covered corrective
hospitals, medical clinics, city and county governments, higher education and research institutions) and preventative service costs.
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.