01
Contract Inventory
Centralize critical vendor agreements and related documentation for easier access and oversight.
Vendor Procurement as a Service
Ongoing Vendor Intelligence Without Building a Full Procurement Function.
BankTech IQ is an innovative AI software platform developed to enhance the client experience. Clients have visibility, benchmarking and vendor oversight of contracts and invoices through this advisory AI model.
The system creates alerts and prompts when an invoice line item does not match a line item in the technology agreement. It also sends notifications directly to your inbox about important milestones, including contract auto-renewals, so your institution can issue a timely notice of non-renewal and begin renegotiating the agreement.
We call this Procurement as a Service. For banks without a full-time IT procurement officer, BankTech IQ offers a subscription-based alternative at a fraction of the cost. CIT Consulting serves as your procurement partner, managing and negotiating your bank technology vendor relationships.
A Fractional Procurement Capability
Stronger Oversight Across Your Technology Vendor Portfolio.
BankTech IQ is designed for institutions that want disciplined vendor management and market intelligence without adding a dedicated internal procurement organization.
02
Renewal Calendar
Maintain visibility into upcoming renewal dates, notice periods and decision milestones.
03
Pricing Benchmarking
Compare vendor economics against market intelligence to identify negotiation opportunities.
04
Procurement Support
Evaluate new technology, coordinate vendor processes and structure competitive decisions.
05
Negotiation Support
Use experienced vendor-side insight to improve commercial terms and contractual flexibility.
06
Ongoing Oversight
Maintain accountability and monitor vendor relationships across the institution’s technology portfolio.
Why BankTech IQ
Turn Reactive Renewals Into a Managed Operating Discipline.
Many institutions engage vendors only when a renewal is close. BankTech IQ helps create earlier visibility, stronger internal coordination and better negotiation leverage.
Earlier Renewal VisibilityReduce last-minute decisions
Market ContextKnow what alternatives and pricing look like
Document ControlOrganize agreements and key milestones
Executive SupportImprove decision quality and governance
How BankTech IQ Works
Continuous Oversight, On Demand.
Inventory
Organize key technology agreements and vendor relationships.
Prioritize
Identify upcoming renewals, risks and opportunities.
Benchmark
Compare pricing, terms and capabilities to the market.
Negotiate
Support procurement and renewal discussions.
Monitor
Maintain ongoing visibility and vendor accountability.
Build Better Vendor Discipline
Make Procurement an Ongoing Advantage.
Talk with CIT Consulting about a BankTech IQ model aligned to your institution’s needs.