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Credit unions of all sizes are challenged by the expense and back-office management of account applications. At a baseline level, these costs include salaries, data security, paper storage management, and compliance costs.
Reworks of account applications that come from your online channel, business development reps conducting on-site SEG group enrollment meetings, and indirect channel add even more expense and complexity. For example, many credit unions still present then online account application as a PDF or online data field application, both of which are costly to the back office in time and effort. Imagine the reaction if a consumer does apply through a data base application and finds out at the end that there are more steps to wait on and yet the sense of urgency is not handled with the back office.
Can your back office afford not to benefit from technology available today? What if you could reduce back office account application processing by 50%? What would you do with that annualized savings?
How can technology reduce cost and improve efficiency for your back office?
The Back Office boasts:
It is ironic how institutions of any asset-size can benefit by automating the account application across all delivery channels and produce a quick ROI between 3-6 months. What other project did you budget for in 2007 that produces immediate cost reduction, improved efficiencies and delighted members by automating the application process from your back office to all delivery channels?
For a free consultation to find out how to reduce your processing cost with account acquisition and delivery faster results with automated account solution for your back office and across all delivery channels, contact uMonitor at 901-757-1212, www.umonitor.com or at firstname.lastname@example.org .
September 25, 2006
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