The newly formed holding company needed a solution that would enable the combined institution to capture market share, expand its commercial focus and have the capacity and agility to compete with large banks in the area. The PhoenixEFE Microsoft-based .NET technology platform and integrated family of software applications made it the right choice to support the merged bank’s go-forward strategy.
Along with PhoenixEFE core processing, First Savings Bank will also benefit from integrated teller, accounts payable, electronic content management, electronic funds transfer (EFT), branch capture and item processing, marketing analytics, Outlook integration, internet banking, and executive dashboard and management analysis capabilities.
Tony Schoen, CFO of First Savings Bank, said: “The contemporary architecture of PhoenixEFE gives us the flexibility we need to get products to market quickly and expand our reach in the commercial market. Not only can we streamline our commercial loan processing, but everyone in each of our 14 branches can see one complete customer view.
That enables us to better serve our customers, and it gives us the tools we need to provide a competitive up-sell. In other words, we can talk to our customers about the kinds of products they really need.”
Raju Shivdasani, president of Harland Financial Solutions, said: “We are proud of our partnership with First Savings Bank. We feel confident that PhoenixEFE is uniquely positioned to support this merged institution as it expands its commercial footprint while realizing a new level of efficiency and productivity.”
