SRM announced an exciting new partnership with the New Hampshire Bankers Association (NHBA), solidifying its position as a leader in operational consulting and optimization services for financial institutions. As an official Preferred Partner of the NHBA, SRM is now recognized as a trusted ally for New Hampshire banks, offering specialized expertise in vendor sourcing, RFP (Request for Proposal) support, and diplomatic contract negotiations for critical areas such as signature card networks and payments vendors.
This partnership underscores the mutual commitment between SRM and the NHBA to support banks in achieving their operational and financial goals. “SRM’s commitment to collaboration aligns with the needs of our New Hampshire bankers as they look to achieve their goals. Additionally, SRM’s record of securing cost savings and putting client needs first proves they’re a top advisory partner,” said Kristy Merrill, President of the New Hampshire Bankers Association. This endorsement highlights SRM’s proven track record and its potential to drive significant value for NHBA members.
A Legacy of Excellence
For over three decades, (Strategic Resource Management) has been a trusted advisor to banks and credit unions across the United States. With a mission to help financial institutions optimize their operations, has worked with thousands of clients to negotiate better vendor contracts, reduce costs, and improve efficiencies. To date, efforts have resulted in over $10 billion in documented savings for its clients. This remarkable achievement has been made possible through a proprietary benchmarking database that enables SRM’s consultants to identify areas for cost reduction and operational improvement.
In the fast-evolving financial industry, where margins are often squeezed and competition is fierce, SRM’s ability to deliver tangible savings and operational benefits has made it an invaluable partner. By aligning with the NHBA, SRM can now extend its services to banks in the Granite State, bringing its unmatched expertise to help them navigate the complexities of today’s financial landscape.
A Comprehensive Suite of Services
capabilities go beyond vendor sourcing and contract negotiations. The firm offers a wide range of advisory services tailored to the needs of financial institutions. These services span corporate, payments, and technology concentrations, ensuring that banks can rely on for a holistic approach to operational excellence. Some key areas of focus include:
- Vendor Sourcing and RFP Support: assists banks in identifying and selecting the best vendors for their specific needs. With deep industry knowledge and a collaborative approach, SRM ensures that banks secure favorable terms while maintaining strong vendor relationships.
- Contract Negotiations: SRM’s team of experts specializes in negotiating contracts that benefit banks, particularly in areas such as payments processing and signature card networks. By leveraging industry insights and data-driven strategies, SRM ensures optimal outcomes for its clients.
- Payments Advisory Services: The payments landscape is undergoing rapid transformation, driven by advancements in technology and changing consumer expectations. provides guidance to banks on navigating these changes, ensuring that they remain competitive and deliver value to their customers.
- Technology Strategy: In an era where technology drives innovation, SRM helps banks develop and implement strategies to stay ahead of the curve. From digital transformation initiatives to cybersecurity planning, SRM’s expertise empowers banks to harness the power of technology effectively.
A Partnership Rooted in Shared Values
The partnership between and the NHBA is built on a foundation of shared values and a commitment to excellence. Both organizations prioritize collaboration, ethical standards, and a client-first approach. This alignment ensures that New Hampshire’s banking community will benefit from services that are not only effective but also delivered with integrity and professionalism.
“Our partnership with NHBA allows us to extend our services and record of success to banks in the Granite State, delivering unmatched value to them,” noted Brian McGuirk, Vice President of Business Development at SRM. “We hold ourselves to the highest ethical standards of any firm in the industry and look forward to delivering excellence to NHBA’s members.”
Addressing Industry Challenges
The banking industry faces a myriad of challenges, from regulatory pressures and economic uncertainties to technological disruption and evolving customer expectations. In this context, partnerships like the one between SRM and the NHBA play a crucial role in equipping banks with the tools and strategies they need to succeed.
By leveraging SRM’s expertise, New Hampshire’s banks can tackle these challenges head-on. Whether it’s identifying cost-saving opportunities, streamlining operations, or staying ahead of regulatory requirements, SRM’s comprehensive suite of services provides the support banks need to thrive.
Delivering Value to New Hampshire Banks
The NHBA’s decision to name SRM as a Preferred Partner is a testament to the firm’s reputation for delivering value. This partnership not only benefits individual banks but also strengthens the broader banking ecosystem in New Hampshire. By driving cost efficiencies and operational improvements, helps banks allocate more resources to serving their communities and customers.
Kristy Merrill emphasized the importance of this partnership, noting that SRM’s collaborative approach and proven results make them a natural fit for the NHBA’s mission. ’ commitment to collaboration aligns with the needs of our New Hampshire bankers as they look to achieve their goals,” she said. “Their record of securing cost savings and putting client needs first proves they’re a top advisory partner.”
Looking Ahead
As the partnership between SRM and the NHBA takes shape, both organizations are optimistic about the opportunities it presents. For SRM, this collaboration represents a chance to expand its impact and bring its proven methodologies to a new audience. For the NHBA and its members, it’s an opportunity to access best-in-class consulting services and achieve meaningful operational improvements.
In the months and years ahead, SRM’s work with New Hampshire’s banks will undoubtedly serve as a model for how strategic partnerships can drive success in the financial industry. By combining expertise, innovation, and a commitment to excellence, SRM and the NHBA are poised to make a lasting impact on the Granite State’s banking community.
The partnership between SRM and the New Hampshire Bankers Association marks an important milestone for both organizations. By joining forces, they’re setting the stage for a brighter future for New Hampshire’s banks. With a focus on collaboration, cost savings, and operational excellence, this partnership is poised to deliver significant benefits to the state’s financial institutions and the communities they serve. As SRM continues to build on its legacy of success, its partnership with the NHBA is sure to be a cornerstone of its efforts to drive positive change in the banking industry.
