Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
Final field-of-membership rule tops April 30 NCUA agenda http://t.co/gFIhRhUCts
4 hours ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief. http://t.co/TMTubG9Afk
6 hours ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today: http://t.co/ep5…
8 hours ago
Seriously underwater homes rise, new-home sales tumble News Now: http://t.co/2LzWTkqnES
8 hours ago
#NewsNow Cornerstone Foundation awards $71K in grants http://t.co/Y6D8K9rwWv
10 hours ago