LEVERAGE and Mid-America Service Corp collaborate to market Ventelligence
05/23/2011 02:30 pm
LEVERAGE and the Mid-America Service Corporation, a subsidiary of the Credit Union Association of the Dakotas, entered into a marketing agreement for Ventelligence. This collaboration will broaden the scope of Ventelligence while making its power available to more credit unions.
Ventelligence offers an automated system that provides a web-based contract database, third party vendor risk assessments, due diligence templates, and an innovative ePurchasing platform. Ventelligence’s ePurchasing platform encourages vendors to more aggressively bid against each other for the credit union’s business. The savings through ePurchasing average more than 25 percent for the first year. Mid-America Service Corporation will have exclusive rights in the Dakotas to market Ventelligence.
“Ventelligence is a product that revolutionizes the way a credit union manages and signs its contracts,” said LEVERAGE President/CEO Patrick La Pine. “It makes good business sense to work with other Leagues and associations to bring this unique product to them. The ePurchasing component of Ventelligence provides so much value that we think the credit unions in Mid America will see a dramatic improvement in efficiencies in contract management.”
The Mid-America Service Corporation is excited to offer the innovative Ventelligence product and the many solutions it offers credit unions. The impact on credit unions should be immediate.
“This presented a great opportunity for us to collaborate with another state association on a product that can benefit our members,” said Mid-America Services Corporation President/CEO Robbie Thompson. “Credit unions are under severe pressure to decrease costs without sacrificing their future or their service to members. We have seen the significant savings that credit unions in the southeast achieved through past ePurchasing events and we hope that by bringing this solution to the Dakotas, that our credit unions will see similar savings.”