Wednesday, February 9, 2011

Community Bank Software - More Than Just Check Imaging


Traditionally, community bank software has been limited in functionality and is typically focused on check imaging features.  Although check imaging remains an extremely important technology for community banks, financial institutions of all sizes are beginning to see the full potential of bank document imaging.  Leveraging the "paperless" mentality for comprehensive bank operations management continues to be a novel idea among community banks.  Thanks to advancements in software delivery, even the smallest of community banks are now able to realize the impact of optimized bank workflow through comprehensive community bank software.
With the significant recent changes to the banking industry, surveys among banks, auditors, and regulators continue to show that bank loan software is the next major investment that community banks are planning. After implementing community bank software with bank imaging features, your bank can reduce reliance on loan files, streamline exception tracking, and automate formerly manual tickler systems.  Also, the community bank software that your bank selects should provide the tools to help manage operational functions such as banking human resources, trust departments, deposit tracking, audit preparation, regulatory compliance, accounts payable and email approval

In summary, when evaluating community bank software, your community bank should certainly expect more than a simple check imaging solution.  At a minimum, the platform should include streamlined bank imaging and integrate with your bank's operational department needs.  By streamlining your bank operations management through a bank document imaging system, your community bank can improve economies of scale, reduce overall risk, and improve banking compliance efforts.  Before getting started, it is always wise to do a brief internal review of your bank's existing processes for managing loan files and other bank documents.  By looking at your existing bank workflow before evaluating banking software companies, it will certainly make shopping for community bank software much simpler.

No comments:

Post a Comment