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
.@COFCU's #CommunityChallenge saves members $700K in interest, gives back to local charities See #NewsNow http://t.co/67o0rOp3Ml
23 minutes ago
Post #QE, @federalreserve concerns still linger, says @CUNA's Schenk http://t.co/0GSrpUYpyG
1 hours ago
.@CUNA's @HampelBill in @WSJ on @federalreserve mtg: 'No significant impact on financial markets or the economy' http://t.co/sbJycxdDXS
1 hours ago
#ApplePay: #Creditunions need it to be competitive, says @CUNA webinar http://t.co/Rf8j9KWru2
1 hours ago
Consumer confidence hits 7-year high #Market #NewsNow http://t.co/s7DGIGLZb3
19 hours ago