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News Now

Products
New purchasing process saves up to 32
TALLAHASSEE, Fla. (7/21/09)--Ventelligence, an automated tool to help credit unions streamline the buying process, recently facilitated several online auctions that saved credit unions 9% to 32% on products and services. Ventelligence staff gathered specifications and initial bids from credit unions. Vendors were then solicited to participate in a bidding process. The online auction provided an immediate 5% savings to the credit unions’ existing paper bid from their preferred vendor. Credit unions saved money on ATMs, computer equipment, cash recyclers and computer software licenses, said the Florida Credit Union League (FCUL) Service Group. Community First CU of Florida in Jacksonville saved 15% off its initial paper bid for computer equipment in the online auction, said President John Hirabayashi. Ventelligence is an FCUL Service Group partner. The FCUL Service Group is a wholly owned subsidiary of the Florida Credit Union League.


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