Protecting Your Library – How and Why to Research the Financial Stability of Vendors

In an industry where both large and smaller subscription agents enter bankruptcy, librarians and publishers are rightly concerned with the financial stability of their partners and vendors. Do you know (or understand) how your vendor is doing financially? Do you know how to approach reviewing a critical vendor or how to evaluate the risks involved? View On Demand
Presented by: EBSCO & Library Journal Event Date & Time: Tuesday, June 5, 2018, 3:00 PM - 4:00 PM ET / 12:00 PM - 1:00 PM PT In an industry where both large and smaller subscription agents enter bankruptcy, librarians and publishers are rightly concerned with the financial stability of their partners and vendors. Do you know (or understand) how your vendor is doing financially? Do you know how to approach reviewing a critical vendor or how to evaluate the risks involved of doing business with them? Do you know why it matters? Get to the bottom of these questions with strategies to help safeguard your library. Learn about one library’s experience with a vendor bankruptcy and tactics they use to avoid future issues. Discover how libraries would benefit from researching the financial stability of all major vendors as part of the buying decision process. In this webinar, you’ll learn how to:
  • Understand the financial stability of vendors…and why it matters
  • Review formal (and informal) ways to check the financial stability of vendors
  • Understand how prepayments to your vendors are linked to financial stability

Panelists

  • Annie Bélanger, Dean of University Libraries, Grand Valley State University
  • Mary Sue Hoyle, Vice President, Subscription Services Division, EBSCO Information Services

Moderator

  • Marsha Aucoin, Account Services Manager - Team Lead, EBSCO Information Services
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