Foxtrot Technology Saving Peoples Bank & Trust Money and Time
Peoples Bank & Trust in Selma AL., a Jack Henry Silverlake Core System User, has found many ways to incorporate Foxtrot into their operations throughout the organization. One of the major projects People Bank & Trust used Foxtrot for was to change the ratings code in 120,000 customer records to help become BSA Compliant. When the auditors suggested they move from a HI MD LO risk scale to a numeric, 7-factor risk rating just days before the start of their BSA Exam they knew they needed the speedy and accurate performance of Foxtrot. Phillip Wheat, Vice President at People Bank & Trust commented "we were able to accomplish this change in less than 6 hours using Foxtrot LE. I actually ran three copies on one workstation to help speed up the updates." He then went on to say "Our exam looks good and a big part is due to the flexibility of Foxtrot."
Another major process People Bank & Trust used Foxtrot for is in the payroll department. Mr. Wheat explained "Our payroll G/L interface consists of importing hundreds of entries into our core system. It would cost several thousands of dollars for an interface from the core vendor, and a maintenance fee would be applied every year in addition to the cost of the interface. This would be an extremely expensive project for us." He continued with "We knew we had a better solution. We used Foxtrot to build a batch from our payroll processor into our core G/L system and within a short amount of time we had our entries imported completely accurate. We once again saved a great amount of money and time using Foxtrot."
Mr. Wheat commented "I have so many 'Foxtrot Saves the Day' stories, we use it for operational efficiency on many level within different departments. I could go on and on with different stories on how we put Foxtrot to work at saving us time and money."
Foxtrot Technology is the ultimate business solution tool when you need to move, merge, mine, maintain or manage any data. Foxtrot runs on the front end and works just as a person performing manual data entry, the difference is that Foxtrot Technology is extremely fast, 100% accurate and totally automatic. Foxtrot was designed on the premise that an elegant solution does not have to be complex and users can solve intricate business problems rapidly without custom programming. Downloads:
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"Foxtrot has been used in various data conversions at the bank including a conversion last year of the CIF from non-parsed to parsed and conversions of product types on accounts and mass maintenance projects. Additionally, it is used daily in the Accounting area to upload general ledger batches and batch transaction entries to CBS."
Stillwater National Bank - Sharon Knight, Vice President, Loan Services Manager
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