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Tech Performance

Expert Negotiation Services. Powered by Data. Supported by Software.

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Managing Tech Contracts and Vendor Relationships is Hard

Market complexity, lack of pricing transparency, trying to understand various system features and integration and just the sheer volume of contracts, vendors and partners to manage create serious challenges for banks and credit unions trying to navigate it all.

 

Are You Facing These Contract Challenges?

Negotiating Blindly

Over 50% of financial institutions reported not always knowing market pricing for vendor contracts. This results in leaving money on the table that could be used to fund other organization initiatives.

Lack of Negotiation Confidence

More than 50% of financial institutions said they have weak confidence in achieving price reduction.

Contracts Don’t Align with Enterprise Strategy

Financial institutions are missing key features from vendors that can be hindering their success and impacting their customer experience.

Emergency Reaction with Auto-Renewals

Financial institutions aren’t aware of contract auto-renewals until the last minute – causing an “emergency reaction” and rushed decision-making.

The Solution: Tech Performance

Tech Performance is Cornerstone’s powerful flagship program that blends battle-tested negotiation expertise, real-time pricing intelligence, elite benchmarking data, proprietary playbook processes and tools. It’s not just about buying technology──it’s about helping you make smarter technology decisions for your long-term success.

 

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Cornerstone Advisors Technology Performance Management - Image 1
Services

Smarter Outcomes for Your Tech Spend

• Achieve maximum contract negotiation savings to fuel strategic growth initiatives
• Optimize return on vendor tech spend
• Control vendor risk
• Position your financial institution for growth and optimal performance

 

Tech Performance Includes:

Double Benchmarking That Gives You the Edge

 

 Tech Performance unlocks Cornerstone’s exclusive double benchmarking system – a one-two punch of pricing clarity and spending insight you won’t find anywhere else:

 

  • Contract Vault™ – Real-Time Pricing Benchmarking: Gain negotiation power with price targets derived from 15,000+ live pricing data points from real, fully negotiated vendor contracts. This proprietary database tracks shifting vendor trends, hidden costs and true market rates so you never overpay or go in blind.

  • Performance Vault™ – Strategic Spend Benchmarking: Understand how your total technology spending compares to peers. Performance Vault™ gives you actionable, enterprise-wide benchmarking data that helps you optimize where, when and how you invest.

 

The result is a crystal-clear view of both what you should be paying and how much you should be buying, so every tech dollar works harder.

Technology Roadmap

 

We build a dynamic tech roadmap tailored to your institution. It’s your master playbook for aligning contract timing, system functionality and enterprise priorities—updated quarterly to keep you one step ahead.

Contract Negotiation Services

 

We negotiate more than $2B in vendor contracts every year—and save clients more than $400M+ and maximize your savings. Let’s eliminate waste and redirect spend toward innovation.

MarketPulse™ Executive Technology Strategy Workshops

 

Our MarketPulse™ workshops keep you sharp for what’s going on in the technology market. Delivered regularly and on-demand, these executive briefings decode market shifts and highlight actionable next steps specific to your vendor landscape.

VendorVault

 

A smart, well-negotiated contract is just the beginning. With our robust VendorVault™ platform, you can manage the full vendor lifecycle with ease—compliance, renewals, performance and more all in one clean, intuitive platform with managed services from Cornerstone.

Cornerstone Education & Insider Events

 

Tech Performance clients will have access to their own resident seat at all events. Join fellow leaders at our exclusive C-suite Roundtables, invite-only events, and live workshops covering the hottest trends—AI, payments, digital transformation and more.

More About Cornerstone Vaults

ContractVault-logo

ContractVault™ is our proprietary data engine of over 15,000 pricing points collected from negotiating thousands of vendor contracts. Leveraging this information, our team of negotiators provides financial services executives with an objective analysis of market pricing and how it shifts with size, volume, and contract length.

Performance Vault - Logo - Horizontal - Black

PerformanceVault™ puts peer performance metrics at your fingertips and provides you with real-time analytics and insights to help you make data-driven decisions. It features more than 1000 productivity, revenue, and efficiency benchmarks that will enable you to drive high-performance levels across your entire enterprise.

VendorVault-logo

VendorVault™ is our powerful, yet easy to use vendor management platform for ongoing vendor monitoring. It was specifically designed to help you stay on track and ensure you pass your exams. VendorVault™, provides data on hundreds of industry vendors serving the financial service market.

Why Cornerstone

32%

 

Contract negotiation engagements since 2019

$2B+

 

Annual negotiated deal value

$400M+

 

Savings achieved for clients every year

1,100+

 

Number of technology vendors we regularly track for client engagements.

1300+

 

Financial institutions served, including over half of Forbes' Best Banks and Credit Unions

$7.2B+

 

Total negotiated deal value since 2019