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US Postal Service Federal Credit Union Selects Ncontracts for Vendor Management

September 10, 2012

US Postal Service Federal Credit Union determined that the quality of the services within Ncontracts creates unique benefits that creates a substantial return on investment

Brentwood, TN (PRWEB) September 10, 2012

The US Postal Service Federal Credit Union has chosen Ncontracts, a leading contract and vendor management solutions, to augment their compliance program by strengthening contract visibility and vendor oversight.

“Ncontracts is an invaluable component of our compliance strategy,” says Bill Chow, Vice President of Operations at US Postal Service Federal Credit Union. “Having useful summaries of key contractual terms, email reminders, and insightful reports considerably streamlines our ability to review and analyze key data and take action on it in a timely manner. The summaries of financial information, SSAE 16s, and other documents from our critical vendors create tremendous value for our team.”

Vendor management is a hot topic for credit unions, which face growing compliance costs. Michael Berman, CEO of Network Contract Solutions, explains that “Vendor management is more than a just a means to fulfill a regulatory requirement. Effective vendor management offers an opportunity to increase net profits, improve contract terms, reduce costs, minimize compliance expenses and enhance vendor performance. With Ncontracts, we do all the work, and our clients enjoy the benefits.”

About US Postal Service Federal Credit Union

The US Postal Service Federal Credit Union is part of a long-standing tradition in personal financial management. USPS FCU has been serving its members since 1934 when it was founded to serve employees of the US Postal Service. USPS FCU member benefits include low or no-fee financial services, lower interest rates for loans, and higher yield investment and savings accounts, and of course outstanding member support services. More information about membership and benefits can be found at http://www.uspsfcu.org

About Network Contract Solutions.

Ncontracts® combines full service implementation with a unique professional contract management application that provides clients with the ability to have insightful summaries of their contracts, alert notifications, and robust compliance tools and services. Together, these features allow clients to reduce expenses, enhance profitability, and improve internal efficiencies by effectively managing their contracts and their vendors. Ncontracts® is the leading provider of contract and vendor management services. For more information, visit http://www.ncontracts.com.

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/9/prweb9882650.htm


Source: prweb



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