Case Study: Extraco Banks achieves centralized, efficient vendor management and cost savings with Ncontracts

Saving time and money with more efficient vendor management

Extraco Banks, a $1.4 billion-asset bank in Waco, TX, faced fragmented paper contracts, unwanted auto-renewals and gaps in exam preparation. To digitize and centralize vendor management, Extraco Banks chose Ncontracts’ Ncontracts Manager (Nvendor) to consolidate contracts, automate alerts and support its LEAN initiative.

Ncontracts delivered a centralized digital repository, automated renewal alerts, tracking of start dates and exceptions (like missing signatures), plus vendor risk assessments and policy guidance. Five years after implementation Extraco reports avoided unintentional auto-renewals, substantial time and cost savings, improved exam readiness with auditors reporting no comments, and greater confidence due to Ncontracts’ responsive training and support.

Extraco Banks

Eric Vogelsinger

Assistant Vice President, Support Manager,