Productivity Now

Insight at the intersection of automation, productivity, and technology.

It’s Time to Increase Shareholder Value and Improve Bank Efficiency

increase-shareholder-value

Producing value for shareholders is of the utmost importance in business. It doesn’t take an MBA to know that you should strive to reduce costs and maximize revenue, but what tools and tactics can help you reach that all-important goal? One of them is data entry software. It can help improve bank efficiency so you can […]

July 18th, 2017|Financial Institutions, Uncategorized|

AI, Automation and the Future of Banking

 

ai_bank-automation-rpa

In a recent BankDirector article, Dallas Wells of PrecisionLender explains that banks have spent many years and many millions of dollars on ways to better measure, monitor and price risk, but eventually the final decision on every commercial banking deal comes down to human beings. Artificial Intelligence or AI can aid in that important process […]

July 11th, 2017|Financial Institutions|

Greasing the Wheels of Bank Mergers and Acquisitions

bank mergers and acquisitions

Banks and credit unions must seize the opportunity for growth, and the current environment of economic optimism – borne of increased stock values and anticipated deregulation – places an even bigger focus on mergers and acquisitions (M&A).

Mergers and Acquisition deals don’t just fall into your lap. That’s where preparation comes into play. […]

July 6th, 2017|Financial Institutions|

Shorten Your Acquisition Timeline with Data Entry Software

data-entry-software-foxtrot

According to FIG partners, the volume of bank mergers increased nearly 20 percent between 2013 and 2015. Deloitte reported that October 2016 was the busiest month ever for overall domestic mergers and acquisitions, adding that “acquiring technology assets has surged in importance as a top strategic driver of M&A.”

Many financial institutions are using data […]

June 27th, 2017|Financial Institutions|

3 Ways to Increase the Use of Web Automation Software at Your Bank

web-automation-softwareMind Over Manual

From Roombas to self-driving cars, technology continues to create ways to free human beings from the manual, mundane tasks in life. Shouldn’t this also be the way of business? Successful banks rely on web automation software, such as Foxtrot RPA that is easy to implement and adopt, to democratize productivity and remove […]

Four Reasons to Use Data Automation for Your Next Core Banking Migration Project

Data migration after a bank or branch acquisition is a particularly important process as a financial institution looks to leverage its expanded footprint while not interrupting service to customers. Banks are increasingly using data automation software to speed up and otherwise improve their very critical core banking migration projects for the following reasons.

Shorten the Migration […]

June 13th, 2017|Financial Institutions|

Building a Bridge from RDC to the Core

In the age of rapidly developing technology, consumers expect their credit unions to keep up with technology and provide convenient banking services. This is especially true when it comes to remote deposit capture (RDC) processing, where credit unions are struggling to provide their members with quick account balance updates due to additional records and data […]

June 6th, 2017|Financial Institutions|

What to Do When a Loan Officer Leaves

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According to the Bureau of Labor Statistics, the median length of employee tenure is 4.2 years. The retention rate is even lower than that in the finance industry, where Insperity reports a turnover of 17.4 percent each year.

With this in mind, financial institutions should prepare for workforce attrition like they prepare for regulations. […]

May 2nd, 2017|Financial Institutions|

Using Web Automation Software to Manage Dormant Bank Accounts

Web-automation-software-dormant-bank-accounts

Account maintenance is a constant responsibility for bankers, but account use isn’t always constant for customers. In fact, financial institutions lose many accounts every year when they, by legal mandate, have to transfer or escheat to the states unclaimed funds in dormant accounts.

Whether checking, savings, certificates of deposit or even contents of safe deposit boxes, […]

April 18th, 2017|Financial Institutions|

Growing Pains vs. Gains: Two Ways to Handle Bank Data Conversions

Digital technologies threaten to disrupt the banking industry, forcing financial institutions to adapt or replace legacy systems at an uncomfortable pace. But, it isn’t the technology transformation alone that poses a risk. These changes require data conversions that are too often time-consuming and error-prone processes.  Robotic Process Automation (RPA) software programs may be the key to […]

March 28th, 2017|Financial Institutions, Healthcare|