Callahan Clients, please log in for direct access to:
Learn What You're Missing
Upgrade Your Subscription
Thank you for your interest in reading the fantastic content we have on CreditUnions.com! However, the page you are trying to access is for subscribers-only. To learn more, select an option below.
All users must now log in to read, research, browse, and have fun on CreditUnions.com. Yes, we still offer freebies. And, yes, it’s worth the extra effort.
Print or PDF this article today because you won't have access to it later. Or, click here to learn how to get 24/7 access.
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 email@example.com .
September 25, 2006
No comments have been posted yet. Be the first one.
Submit your email address to receive daily industry updates and web-only features.
P: (800) 446-7453 | F: (800) 878-4712
1001 Connecticut Ave. NW Suite 1001
Washington, DC 20036