ICI Press Releases > News 09-21-05
Arlington, VA, September 21, 2005 - Cuero State Bank of Texas has engaged ICI Consulting to assess vendors and negotiate their Core Processing contract.
"We have asked ICI Consulting to review the Core Processing proposals, provide insight on the vendor pros and cons and complete the final contract," said Sara Teague, Cuero State Bank Senior Vice President. "ICI's 11 year history, plethora of references and vendor experience encouraged us to select them as our advisor during this project."
"We are pleased that Cuero State Bank chose to use our services on such an important project," said Tom Frale, ICI Senior Vice President. "ICI will recommend a list of Service Level Agreements (SLAs), an out-clause, performance terms, penalty clauses, additional terms and conditions."
"Cuero State Bank is our third Core Processing engagement in the last 2 months. It appears that most banks across the industry are performing the necessary due diligence and no longer just rubber stamping or renewing a contract with their existing Core vendor," concluded Tom Frale.
About ICI Consulting
Since 1994, ICI has assisted banks and credit unions conduct assessments, build business cases, evaluate vendors and implement solutions. ICI's clients focus on the following financial applications: core processing, check imaging (image exchange, remote capture, float), lockbox, lending, branch and internet solutions. ICI has performed nearly 250 vendor evaluations.
For more information about ICI Consulting, please contact Greg Schratwieser at greg@ici-consulting.com or 800-729-8237. Please visit our website at www.ici-consulting.com.
"We have asked ICI Consulting to review the Core Processing proposals, provide insight on the vendor pros and cons and complete the final contract," said Sara Teague, Cuero State Bank Senior Vice President. "ICI's 11 year history, plethora of references and vendor experience encouraged us to select them as our advisor during this project."
"We are pleased that Cuero State Bank chose to use our services on such an important project," said Tom Frale, ICI Senior Vice President. "ICI will recommend a list of Service Level Agreements (SLAs), an out-clause, performance terms, penalty clauses, additional terms and conditions."
"Cuero State Bank is our third Core Processing engagement in the last 2 months. It appears that most banks across the industry are performing the necessary due diligence and no longer just rubber stamping or renewing a contract with their existing Core vendor," concluded Tom Frale.
About ICI Consulting
Since 1994, ICI has assisted banks and credit unions conduct assessments, build business cases, evaluate vendors and implement solutions. ICI's clients focus on the following financial applications: core processing, check imaging (image exchange, remote capture, float), lockbox, lending, branch and internet solutions. ICI has performed nearly 250 vendor evaluations.
For more information about ICI Consulting, please contact Greg Schratwieser at greg@ici-consulting.com or 800-729-8237. Please visit our website at www.ici-consulting.com.
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