With a potential outlay of several million dollars, a core system decision may well represent the most significant strategic and financial investment your institution will make in the next five years. Unfortunately, many financial institutions find themselves victims of the three major roadblocks that stand between their organization and a successful system selection:

1. A shortage of information about vendors and their products
2. Lack of a clear methodology
3. Minimal time to manage such an important project

White Rock provides you with in-depth industry knowledge and the tools to ensure you make informed, well-documented vendor decisions that support your organization’s strategic goals.

White Rock’s hands-on experience of core and ancillary system selection and contract negotiation engagements has enabled us to build a proven methodology to assist you in choosing a solution that closely matches your institution’s strategic technology vision.  Our skilled professionals help you sift through the hype and choose a vendor that fits your needs and your budget. 
​

These are the steps that make up the White Rock System Selection Methodology

1. Define requirements
2. Issue Request for Information (RFI)
3. Issue Request for Proposal (RFP)
4. Select System & Service Provider
5. Conduct Negotiation & Contracting​

The White Rock Differentiation

Proven Experience:  We have conducted numerous core and ancillary system selections and technology reviews for banks of all sizes.

Industry Knowledge:  Our broad knowledge of the products’ strengths and weaknesses eases your research burden and allows you to devote more time to strategic issues.

Value at Risk:  Financial institutions typically spend 10% - 15% of their operating budgets on technology each year. White Rock’s experience, vendor database and proficient contract negotiation skills will leave you confident that you have signed a winning deal with your processor of choice.