Paladin fs, an IT banking contractor company, announced on Tuesday the launch of Quote Check, its newest service offering that helps bankers before signing a new service quote. This service will ensure that banks are being offered equitable terms and pricing nationally.
While sharing details about the new service, Aaron Silva, founder and CEO of Paladin fs, stated:
“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. 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.”
Quote Check reportedly 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. Paladin fs also reported that Quote Check could 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. Silva then added:
“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? 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.”