Credit Union in Hoosier Hills, Indiana Partners with Teslar Software Solutions
In a bid to modernize its lending processes and expand its customer base, Altamaha Bank and Trust, a community financial institution serving communities in Southeast Georgia, has partnered with Teslar Software.
Founded in 1946, Altamaha Bank and Trust has chosen Teslar's Lending Process Automation Platform to streamline its lending operations, enhance exception tracking, and provide a more unified experience for both employees and customers.
Shan Venable, the Chief Technology Officer at Altamaha Bank and Trust, stated that Teslar checked all the right boxes for their needs. The platform offered by Teslar is intuitive and easy for employees to use, without requiring large resource commitments or dedicated staff to manage.
The Power of Automation
The automation of labor-intensive tasks is one of the key benefits of Teslar's platform. By automating tasks such as data entry and document management, banks can allocate staff to more strategic roles, improving productivity and reducing operational costs.
Moreover, automated processes minimize the risk of human error, leading to more accurate lending decisions and faster processing times.
Enhanced Data Visibility
The platform also provides real-time data on loan performance, allowing banks to monitor their lending portfolios more effectively and make informed decisions. Banks can configure workflows to meet their specific needs, ensuring that all relevant data is captured and analyzed correctly.
Streamlined Operations
The streamlined operations offered by Teslar's platform enhance the overall customer experience by providing timely loan decisions and updates. The platform may also include features for regulatory compliance and risk monitoring, ensuring that banks maintain high standards of governance while lending.
Teslar Software, founded in 2008, enables community banks and credit unions to offer indirect lending via simplification, digitization, and automation. The partnership news with Altamaha Bank and Trust comes less than a month after Teslar reported that Hoosier Hills CU had also selected its platform.
Teslar Software made its platform debut at the Fall 2022 conference in New York. The company's solutions are designed to help community banks and credit unions modernize their lending processes and remain competitive in the fintech landscape.
- Leveraging Teslar's Lending Process Automation Platform is expected to help Altamaha Bank and Trust optimize their lending operations, streamlining labor-intensive tasks like data entry and document management, which in turn can allocate staff to more strategic roles and potentially reduce operational costs.
- The partnership between Altamaha Bank and Trust and Teslar Software serves not only to modernize the bank's lending processes but also to expand its customer base, as the platform offers enhanced data visibility, enabling real-time monitoring of loan performance and more informed decision-making, as well as potential features for regulatory compliance and risk monitoring, contributing to a more unified and efficient experience for both employees and customers.
