Bank Smart
Project Management Solutions
Managing new projects while performing your other daily responsibilities can be overwhelming, and adding staff to help with these projects probably isn't in the budget! That's why BankSmart has developed comprehensive and user-friendly Failed Bank Assumption, Bank/Branch Acquisition, Branch Opening, De Novo, and Data Processing Conversion"SmartKit" project plans that will help your team meet these challenges in an efficient and cost effective manner.
These unique project management solutions were designed by bankers for bankers to meet the challenges of managing projects efficiently while maintaining effective communications among all the responsible parties involved. They say "the devil is in the details", and we can prove it!
Vendor Evaluation / Selection
When money is tight and your staff is stretched thin, a bank's vendor selection process requires a substantial amount of expertise and time researching the vendor solutions available in the market and how they may (or may not) meet your business needs. Whether your needs involve data processing, item processing, ATM and debit cards, ACH, internet banking,document imaging, or an evaluation of your entire processing environment, there are potentially dozens of vendors that could provide the services you need, so how do you know which provider is right for you?
At BankSmart, our practical, hands-on approach to the bank vendor evaluation and services selection process combined with our extensive knowledge of the vendors in the market can make managing a successful and comprehensive evaluation process seem easy. Our team can help your bank minimize management distraction, document the decision process, satisfy due diligence requirements and even reduce time to decision, ultimately leading to a much more effective adoption and implementation of the solution.
Contract Negotiation
It's all about contracting for the right services at the best price! The BankSmart team has the expertise necessary to help your bank contract for the appropriate products and services at the most competitive pricing. Our industry knowledge, comprehensive pricing analysis, and contract negotiation skills will save you time and money!
When it comes to contract negotiation, our experienced team conducts a thorough evaluation to assess your current bank operations and how your bank manages those operations. We then identify any challenges or weaknesses and recommend replacement products which, once contracted and implemented, will make your operation more current, competitive and efficient. In addition, prior to your existing contract term expiration, our experienced team will step in to manage the pricing negotiation process and ensure that you get the services you need at a price your bank can afford. The best time to start is 12 to 18 months in advance of your contract expiration, so let's talk today!
Compliance Monitoring with CompliancePro®
Why is something as important as Compliance monitoring being left to chance? Monitoring in a manual fashion is very costly, tedious and prone to error. That’s why you need CompliancePro®, an automated Compliance Regulation monitoring system complete with all of the regulation content and monitoring features you need.
- Schedule and assign workbooks that automatically route to the right departments and return back to your inbox
- Ask the right questions by having the latest regulatory information
- Assess risk and take action
- Document, attach and digitally file in an organized manner
Are you covering these areas effectively? Do you have to do it all manually? Learn how to gain confidence through automating your work in an ever-changing world of regulatory requirements and reviews. Be ready.
De Novo
Starting a new bank can be overwhelming. The task of trying to manage an endless to-do list with minimal staff, little time and a limited budget can seem next to impossible. That’s where BankSmart comes in. Our experienced team uses a proven project methodology, including everything from technology and operations assessment to core processor selection and contract negotiations to help you find tailored banking solutions that better suit your needs. In addition, our bank project management expertise will help you maintain greater control, manage costs and ensure that your vendors and bank personnel stay focused along the way.
Project Implementation Services
Special projects can take extra time, staffing, and expertise! Our project management methodology is designed to help banks implement solutions with more speed, accuracy and efficiency. We manage critical project details and communication between your staff and vendors to create unwavering support from senior management and/or bank organizers. Whether implementing a new image processing system or moving to a new teller platform, our team provides concise, consolidated reporting and tracking methods to ensure the attention and commitment of everyone involved.
At BankSmart, our true value is exemplified in the combination of project management skills, hands-on banking experience and specific vendor/solution expertise. Our objective recommendations reduce risk, improve efficiency, and create a quality of work which consistently exceeds the expectations of our clients.
Our SmartKitsSM
Each of our innovative SmartKitsSM includes clearly defined project plans, timelines, team member and vendor responsibilities, as well as functional activities required to complete your project.
The "best practices" content of each SmartKitSM are flexible and customizable enabling you to add or delete action items to best suit the needs of your insitituion.
To read about each SmartKitSM in detail click the following links: