Outsourced processing contract renewal
This UK Credit Card Issuer uses the services of a Third Party processor to deliver core card processing services. The contract for these services was due for renewal and the Bank wanted to carry out a competitive tender process in order to achieve the best commercial and financial proposition.
| Key objectives
Complete a commercial review of potential suppliersObtain the best achievable offer from the incumbent supplierUnderstand clearly the options and impact of changing suppliersMinimal impact to BAU activities and resourcesCompleted within realistic timeframe whilst also maintaining competitive environment The challenge
Complete a comprehensive review of the market place and obtain accurate perspectives on potential alternative suppliersConstruct, issue and assess a full Request For Proposal from a range of potential vendors (as well as from the incumbent supplier)Negotiate and obtain the best commercial and financial terms available | “Aledro provided the Bank with industry perspective, RFP templates and assessment criteria, in a timely and cost efficient manner”David Underwood,
 IT and Operations Director
 Vanquis Bank
 Core competences
Credit Card Processing Subject Matter ExpertiseUK Card Industry ExpertiseVendor ManagementRFP Construction and Process ManagementNegotiating Skills |