Paladin fs Launches Banking Industry’s First Quote Check Service

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Leveraging industry intel, Paladin fs reveals what community financial institutions should be paying for specific line item products and services, from specific vendors

Paladin fs, the hard-hitting negotiator redefining the status quo in core and IT banking contracts, today announced the launch of Quote Check, its newest service offering that helps bankers do their homework before signing a new service quote, ensuring that they are being offered equitable terms and pricing nationally.

“It’s simple, when a person wants to buy a car, they first check the Kelley Blue Book; when they want to buy a home, they look at Zillow; when a banker wants to know the value of services, they can now refer to Quote Check,” said Aaron Silva, founder and CEO of Paladin fs. “We are able to provide a breakdown of costs that indicates what is fair and what isn’t, saving banks money and providing peace of mind.”

Already armed with Paladin’s existing Blue Book of proprietary market intelligence on core and IT vendors, along with the indispensable data gleaned by helping individual community financial institutions with their contracts, Paladin Quote Check allows bank and credit union executives to easily upload their current service quote and quickly determine – in about 48 hours – if the terms are favorable and on par with industry price benchmarking.

Community financial institutions can confidentially email, fax or scan and upload over the vendor quote, and within 48 hours, Paladin will provide a benchmarking report and recommendations. This new service gives bankers the tools they need to combat the constantly upselling suppliers by providing comparative assessments between their database of current vendor prices against any quote bankers send their way.

“What do bankers have to lose, other than overpaying their vendor, inadvertently adding a term detrimental to their master agreement or even accidentally extending their contracts?” asked Silva. “Quote Check is for banks that are in the middle of a long-term contract but are looking for a quick, inside scoop on what they should be paying for specific ancillary products and services from vendors. With our simple fee structure, it’s a no-brainer when compared to the risk of signing a multi-year product deal while wearing a metaphorical blindfold.”

Leveraging Paladin’s extensive industry intel, Quote Check is able to reveal to community financial institutions what they should be paying for specific services, from specific vendors. This newest service offering comes in addition to their existing flawless record of assisting community financial institutions through incumbent vendor core and IT banking contract renewals, smart vendor selection and preparing agreements for future M&A strategies.

For more information on Paladin and Quote Check, visit http://www.paladin-fs.com.

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About Paladin fs
Armed with its proprietary Blue Book of vendor contract, pricing and market data, Paladin fs is a hard-hitting negotiator that stands up to the Core IT banking oligopoly to secure better business terms and pricing for community banks and credit unions - ensuring a 'win-win' deal for financial institutions and vendors alike. Saving an average of $1.2M per client engagement, Paladin not only persuades Core IT providers to eliminate thousands of unfair, one-sided business terms in their current contract, but also protects the institution from ever over-paying or signing a bad deal again. With Paladin’s Lifetime Contract Protection, banks and credit unions can rest assured they will continue to receive fair market deals because Paladin will review all quotes for free for the duration of the contract. To learn more about Paladin fs, visit http://www.paladin-fs.com.

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Kimberley Brown
Leverage PR, A Caliber Corporate Advisers Company
Email: kimberley(at)leverage-pr.com
Mobile. (470) 426-5920
Website: http://www.leverage-pr.com

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