A major federal banking institution wanted to replace its home-grown hedge accounting system and was looking for a vendor that could keep current with the ever-changing law and regulations around the banking and financial industry.

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Objective

Replace home-grown hedge accounting software capable of keeping current with the ever-changing law and regulations in banking and finance industries

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Approach

Integrate with Client's project team and negotiate with the vendor’s management team to secure an agreement saving money while meeting business priorities

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Results

Saved $527,500 in 3 year term,  negotiated cap on fee increase beyond 3 years, long term risk reduced with use of SaaS


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