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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.


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