Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
PCUA LSCUs Leverage to offer ePurchasing
TALLAHASSE, Fla. (3/9/12)--The Pennsylvania Credit Union Association will offer the League of Southeastern Credit Unions' (LSCU) service corporation's vendor management and ePurchasing platforms to Pennsylvania credit unions.

Ventelligence is a vendor management system tool offered by Leverage, as the LSCU service corporation is known, for contract management and contract procurement.

The contract management tool tracks information through a Web-based database. Risk assessment and due diligence are performed on all third-party vendor relationships and placed into three categories: high, moderate and low. Categories are based on the complexity of each relationship and emphasize National Credit Union Administration-identified risk areas.

With the ePurchasing platform, competing companies are invited into a live bid environment and are encouraged to more aggressively bid against one another to win the credit union's contract. The savings through ePurchasing averages more than 20%, according to Leverage.

More than 500 Pennsylvania credit unions will have access to the vendor management and purchase platforms.


RSS





print
News Now LiveWire
Matz: Revised @TheNCUA #RBC rule for #creditunions 2 B unveiled 1/15/15, 90-day comment period to follow #newsnow http://t.co/qABhvghSTU
1 Day ago
Just announced: @TheNCUA board will consider a revised risk-based capital rule at its Jan 15 mtg. See #NewsNow Monday for more info.
1 Day ago
Nearing one-yr anniversary of data breach, @Target asks for class action suits to be dismissed via @BloombergNews http://t.co/kra6kupd35
54 minutes ago
.@PeoplesTrustFCU has been recognized with the Juntos Avanzamos designation by @Cornerstone_CUL for its service to the Hispanic community
1 hours ago
#NewsNow: Rep. Hensarling names #HFSC subcommittee chairs. http://t.co/dXAMZdpn1p
1 hours ago