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NACUSO Marketplace Provider

Organization Name: CUSPEND
NACUSO Membership: Standard
Year Formed: 2006
Description of Your Services: Software-as-a-Service

Procurement Automation: Streamline tasks and save time.

Data-Driven Insights: Make informed decisions with real-time data.

NCUA Compliance: 100% adherence to NCUA guidelines.

Competitive Bidding: Cost savings from 15% to 60%.

Managed Spend: Reduce the dollars you spend up to 20%.

Maverick Spend Elimination: End non-compliant purchases.

Invoice Compliance: Achieve error-free billing and compliance.

Accounting: 4-way invoice matching with GL and cost center allocations.

Vendor Management: Foster transparency and accountability.

Reduction of Rush Orders: Cut emergency procurement by 90%.

Dead Inventory Reduction: Optimize inventory management.

Flexible Pay-as-You-Go: No long-term contracts.

Transparent Pricing: All-inclusive pricing with no hidden fees.
Services You Provide:
Cost Control Solution:Cost Control for Credit Unions
Why should a credit union use your services?: Credit unions should choose CUSPEND's procurement compliance software for tailored solutions, proven results, and cost-saving benefits. Our software is designed specifically for credit unions, ensuring it meets your unique needs. With a track record of cost savings, spend reduction and accountability CUSPEND helps improve financial health.

Our platform automates routine procurement tasks, freeing up time for strategic initiatives. It provides data-driven insights into spending patterns and vendor performance, enabling informed decisions. CUSPEND brings compliance to NCUA procurement guidelines, reducing the risk of penalties.

We offer flexible, pay-as-you-go pricing without long-term contracts and transparent fees, eliminating hidden costs. CUSPEND is committed to excellence in spend management, helping credit unions control finances while ensuring compliance.

Choose CUSPEND to revolutionize spend management and enhance your credit union's financial control.
Are You a CUSO?: No
Are there investment opportunities for credit unions?: Yes
Describe Your Business Model:Other (please describe)
Business Model Other: Software as a Service pay as you go.
Are you currently seeking additional users/customers?: Yes
Do you offer discounts or other benefits for NACUSO Members?: Yes
Contact Information:Bob WillinghamDirector7940 Front Beach Rd Ste 126B
Panama City Beach FL 32407
850-276-3817bob.willingham@cuspend.com
Additional Information:

Procurement Compliance Partner for Credit Unions

  • Customized Focus on Credit Unions

  • 15-60% Cost Savings Through Competitive Bidding

  • 20% Spend Reduction Through Managed Spend

  • 100% Invoice Compliance

  • 100% Elimination of Maverick Spend

  • 100% Regulatory Compliance for Spend, Vendors, Allocations, and Payments

  • 97% Reduction of Rush Orders

  • Virtual Elimination of Dead Inventories

  • Seamless Electronic Integration to All Vendors of Any Size

  • Core Integration

  • NACHA File Generation for ACH Vendor Payment After 4-Way Invoice Match

CUSPEND by NSG Back Office designed by credit unions for credit unions.

At CUSPEND, we specialize in providing cutting-edge procurement compliance software tailored to the unique needs of credit unions. Our mission is to help credit unions lower costs, efficiently manage vendors, and effortlessly meet stringent NCUA (National Credit Union Administration) guidelines.

Our Approach:

At CUSPEND, we understand the challenges faced by credit unions in maintaining robust procurement compliance while also managing their budgets effectively. That’s why we’ve developed a revolutionary solution that combines the power of Robotic Process Automation (RPA), Artificial Intelligence (AI), and advanced analytics to transform the way credit unions manage their spending.

Key Features:

  1. Automation: Our platform automates routine procurement tasks, freeing up valuable time for your team to focus on strategic initiatives and member-centric services. Say goodbye to manual, time-consuming processes.
  2. Data-Driven Decisions: We empower you with data-driven insights, allowing you to make informed decisions based on real-time information. Gain visibility into your spending patterns and vendor performance.
  3. NCUA Compliance: Our software is specifically designed to help credit unions stay compliant with the stringent NCUA guidelines. We provide the tools and resources needed to simplify compliance processes and reduce the risk of non-compliance.
  4. Cost Savings: CUSPEND helps credit unions identify cost-saving opportunities and optimize their procurement processes. Lower your expenses while maintaining the highest standards of compliance.

Why Choose CUSPEND:

  • Flexibility: Enjoy the freedom of no long-term contracts. We offer a pay-as-you-go model, ensuring you have control without being tied down by commitments.
  • Affordable: Our pricing is straightforward, with a single low fee that covers everything. Say goodbye to hidden costs and unexpected expenses.
  • Excellence: Join us for an era of excellence in spend management. We are committed to helping credit unions achieve their financial goals while maintaining the highest standards of compliance.

At CUSPEND, we believe that credit unions deserve the best tools and resources to manage their procurement processes effectively and compliantly. Join us in revolutionizing spend management and take control of your finances without breaking the bank. Contact us today to learn more about how CUSPEND can benefit your credit union.

Reviews:
Customer Name:Paul Parrish, One Nevada Credit Union
Customer Title:CEO
Year Customer First Used Your Services:2009
Is Customer An Owner:No
Review Text:They (CUSPEND) are a provider of custom, web based procurement services, which streamlines all the CU’s purchasing functions. Parrish calls them “one of the industry’s best-kept secrets” for providing efficiency in the operational trenches.

Customer Name:Guy Messick, NACUSO Business Services
Customer Title:CEO
Year Customer First Used Your Services:2009
Is Customer An Owner:No
Review Text:Economic recession makes your (CUSPEND) service especially valuable.

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