u003cstrongu003eLast Thanksgiving weekend (from Thanksgiving Day through Black Friday and Cyber Monday),u00a0u003c/strongu003emore than 174 million Americans shopped in stores and online, spendingu00a0u003ca href=u0022https://nrf.com/media/press-releases/consumers-and-retailers-win-big-over-thanksgiving-holidayu0022u003ean average of $335 per personu003c/au003e. They saved maybe $50 here or $100 there. And thatu2019s great for families buying gifts for the holidays; but when it comes to your financial institution, you can do better.u00a0u003cemu003eMuchu003c/emu003eu00a0better. Weu2019re talkingu00a0u003cstrongu003eup to seven-digit savingsu003c/strongu003eu00a0over the life of your vendor contract(s). All it takes is some expertu00a0u003ca href=u0022https://www.jmfa.com/Services/Contract-Renegotiationsu0022u003econtract negotiationsu003c/au003eu2014made easy by someone else doing most of the work for you.nnu0026nbsp;nnu003cstrongu003eThe Art of Negotiatingu003c/strongu003ennWith our years of experience negotiating with bank and credit union vendors, the JMFA Contract Optimizer staff has an upper hand in the negotiation process. Where you may not know what theu00a0u003cemu003everyu003c/emu003eu00a0best deal is or what concessions and u201cextrasu201d to ask for, we have a database full of this precise information at our fingertipsu2014and our experts know the vendors and their contracts inside and out.nnu0026nbsp;nnPerhaps you want to stay with your current vendor and keep things professional to maintain a pleasant relationship. We helped one client do just that,u00a0u003ca href=u0022https://www.jmfa.com/About-JMFA/Case-Studies/TheBANK-of-Edwardsvilleu0022u003erenegotiatingu003c/au003eu00a0with its current vendor for a 14% savings over the previous contract.nnu0026nbsp;nnOr, itu2019s possible youu2019re not sure if you want to continue with a vendor. We can get the vendoru2019s best offer plus help initiate the request for proposal (RFP) process with other trusted vendors, so you can compare offers before making a decision. (We have also done this with great success duringu00a0u003ca href=u0022https://www.jmfa.com/News-Events/Articles-Posts/dont-overlook-this-one-vital-thing-during-a-merger-or-acquisitionu0022u003emergers and acquisitionsu003c/au003e, where the new entity has to decide between two overlapping vendors.)nnu0026nbsp;nnOr, maybe youu2019re not sure you evenu00a0u003cemu003ewantu00a0u003c/emu003eto renegotiate with a vendor. Thatu2019s quite alright! Weu2019re happy to provide au00a0u003ca href=u0022https://www.jmfa.com/Tools/JMFA-Contract-Optimizer-Analysis-Requestu0022u003efree evaluationu003c/au003eu00a0to give you a projection of just how much we can save you on any or all of your vendor contracts.nnu0026nbsp;nnu003cstrongu003eWhat Would You Do With Big Savings?u003c/strongu003ennu003cstrongu003eu00a0u003c/strongu003ennWe love to score you theu00a0u003ca href=u0022https://www.jmfa.com/bestdealu0022u003every best dealu003c/au003e, leaving you with savings you can spend or invest in a number of ways. We frequently find 6-digit annual savings for clients, but letu2019s be very conservative. Imagine you save $50,000 in a year with JMFA Contract Optimizer services. With that money, you could:nnu0026nbsp;nnu00b7u00a0u00a0Take a staff of 20 out to lunch for 200 daysnnu00b7u00a0u00a0Purchase 33 high-quality laptopsnnu00b7u00a0u00a0Buy 100 top-of-the-line ergonomic office chairsnnu00b7u00a0u00a0Implement a company rebrand or a multi-channel marketing campaignnnu00b7u00a0u00a0Host an amazing office holiday party AND a great account holder appreciation eventnnu00b7u00a0u00a0Invest in service upgrades for your account holdersnnu00b7u00a0u00a0Make a difference with a charitable contribution to a non-profit in your communitynnu00b7u00a0u00a0Send several employees to industry events across the nationnnu0026nbsp;nnThe list goes on, of courseu2014$50,000 can do a lot. And remember, thatu2019s a conservative estimate compared to what many of our bank and credit union clients have seen.nnu0026nbsp;nnu003cstrongu003eWhatu2019s the Risk?u003c/strongu003ennu0026nbsp;nu003cdivu003ennUnlike the possibility of getting bruised and battered during your Thanksgiving weekend shopping trips, with JMFA Contract Optimizer, there is no risk! Our services are 100% contingency basedu2014if we donu2019t save you money, you donu2019t owe us anything. It really only takes about 20 minutes or so to get the ball rolling with au00a0u003ca href=u0022https://www.jmfa.com/Tools/JMFA-Contract-Optimizer-Analysis-Requestu0022u003efree analysis of your service contractsu003c/au003e, and we think youu2019ll be astounded by the results. Take that, Black Friday!nnu0026nbsp;nnu0026nbsp;nnu003c/divu003enu003cemu003eTo learn more about uncovering savings opportunities by renegotiating your service contracts contact Kelly Flynn atu00a0u003ca class=u0022ApplyClassu0022 href=u0022mailto:Kelly.Flynn@JMFA.com?subject=Online%20Inquiry%20-%20JMFA%20Contract%20Optimizeru0022u003eKelly.Flynn@JMFA.comu003c/au003eu00a0or call 800-809-2307.u003c/emu003ennu003cemu003eu00a0u003c/emu003ennu0026nbsp;nnu003cstrongu003eABOUT THE AUTHORu003c/strongu003ennu003ca href=u0022https://www.jmfa.com/Services/Contract-Negotiations/Kelly-Flynnu0022u003eKelly Flynnu003c/au003eu00a0is a national sales director for John M. Floyd u0026amp; Associates (JMFA). She has more than 15 years of experience working with community credit unions and banks of all sizes. Kelly is focused on helping her clients achieve their strategic goals by optimizing the value of their third-party vendor contracts or agreements.nnu0026nbsp;nnu003cstrongu003eABOUT JOHN M. FLOYD u0026amp; ASSOCIATES (JMFA)u003c/strongu003enFor the past 38 years JMFA has been considered one of the most trusted names in the industry helping community banks and credit unions improve their performance and profitability. Whether itu2019s recovering lost revenue, uncovering savings opportunities, serving your account holders better or delivering a 100% compliant overdraft programu2014JMFA has the right solutions to help you not only meet, but exceed, your goals. We are proud to be a preferred provider among many industry groups. To learn more pleaseu00a0u003ca href=u0022https://www.jmfa.com/About-JMFA/Contact-Us-Todayu0022 target=u0022_blanku0022 rel=u0022noopeneru0022u003econtact your local representativeu003c/au003eu00a0or call us at (800) 809-2307.