If you've planned a road trip, then you understand corporate project risk.
Before your project or car heads off a cliff, you (1) need access to reliable, up-to-date information about the road and traffic...
Jan 5, 20232 min read
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Introducing our law firm
"In one's back pocket"
English
Prepositional phrase
in (one's) back pocket
The Basics!
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Why Consider Bringing in a Consultant?
We hear you! With the increasing complexities of new technology, dependency on vendors, and implementation backlog, most financial institutions need a guiding hand, not a full-time employee masquerading as a consultant.
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So, What Sets Us Apart?
Depth of experience. Specialist to our nation's community banks, advising over 100B in assets, our team's expertise in this space spans decades.
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Our Focus Today?
Community-based financial institutions face relentless challenges: overwhelming regulatory demands, cost inflation, shrinking margins, escalating technology expenses, added risks, continuous audits, and a shortage of skilled professionals, all while being pressured to expand. We are here to help!
Interested? We are eager to discuss a challenge
you are currently facing and explore how we can assist.
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Rus Weatherby, Founder
FOR IMMEDIATE RELEASE: BackPocketCIO Acquires Resource Management Associates (RMA), integrating more than 30+ years of institutional banking advisory data and analysis.
Over three decades, RMA worked with financial institutions representing more than $72 billion in bank assets, developing analytical datasets used for core system assessments, pricing strategy analysis, profitability modeling.
The firm’s work included engagements with 100+ financial institutions operating on the Jack Henry platform alone, providing comparative insights into operational performance, technology utilization, and institutional pricing structures across a wide range of community and regional banks.
By integrating this historical data and advisory methodology, BackPocketCIO expands its institutional intelligence with decades of bank benchmarking data.
https://www.resourcemanagementassociates.com/
FOR IMMEDIATE RELEASE
BackPocketCIO Acquires Profit Improvement
BackPocketCIO announced the acquisition of Profit Improvement, a financial-institution consulting firm with nearly four decades of industry research, advisory work, and operational intelligence focused on bank profitability and vendor strategy.
Founded in 1986, Profit Improvement worked with community and regional banks to strengthen performance through technology contract analysis, vendor optimization, and profitability improvement strategies.
Over decades of engagements, the firm developed deep institutional knowledge around the financial and operational impact of major banking technology agreements, including core processing, card processing, and payment network contracts.
The acquisition allows BackPocketCIO to incorporate this historical advisory data, negotiation intelligence, and research into its broader platform supporting banks and credit unions.
These datasets and frameworks will now inform BackPocketCIO’s client advisory work, institutional benchmarking models, and strategic technology guidance for financial institutions.
Offering Examples
01.
Vendor Management
Elevate your approach to vendor onboarding and due diligence, process audits and board reporting. Whether you're looking to develop a comprehensive program from scratch or refine your existing vendor management strategy, we're here to guide you.
02.
AI
Are you ready to elevate your organization with cutting-edge AI but unsure where to start? We offer comprehensive onsite AI reviews designed to bridge the gap between theoretical potential and real-world application. From enhancing operational efficiency to driving innovation, let's harness the power of AI to transform your operations and achieve measurable success.
03.
Contract Negotiation
Have a new contract or renewal on the table? We have a definitive process for negotiations. Leverage another set of industry-insider eyes against your vendor analysis,
Core contract review, and RFP comparisons.
04.
Project Management & Implementations
Struggling with software that's yet to be smoothly implemented? Let us take the lead as your vendor guide or project manager to clear the backlog and deliver the return on investment you originally envisioned.
“The difficulty lies, not in the new ideas, but in escaping from the old ones.”
- John Maynard Keynes
News & Updates from the Back Pocket
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