Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

The First Partners With Teslar Software For Comprehensive Portfolio Management

$6 billion asset bank selects full suite of portfolio management tools to support growth with increased efficiencies and transparency

Teslar Software, provider of portfolio management tools that aggregate and automate lending and deposit operations for community financial institutions, announced that The First has selected its full suite of automated workflow and portfolio management tools to enhance commercial lending

Recommended AI News: Fourth Wave Energy Inc. Signs Merger Agreement to Acquire EdgeMode

Through both organic expansion and mergers and acquisitions, Hattiesburg, Miss.-based The First, ANBA has grown significantly since it was founded about 25 years ago; it has nearly 90 branches across the Southeast and Gulf regions. To support this growth, the bank needed a robust solution to help boost efficiencies across commercial lending. With Teslar, the bank will be able to incorporate greater automation and streamline processes, allowing bankers to spend less time on tedious, manual processes and more on strengthening customer relationships.

“As we continue to grow, it was critical to find a full-scale, user-friendly solution with advanced portfolio management and reporting capabilities,” said Ben McIlwain II, SVP, Credit Portfolio Administrator of The First. “Teslar checks these boxes and more, providing sophisticated automation that will allow us to improve productivity across the board and leverage customizable reporting that provides deeper insights into our borrower relationships and strengthens our compliance posture.”

Related Posts
1 of 27,809

Recommended AI News: NavVis Adds Fresh Funding to Fulfill Its Mission to Digitize Commercial Buildings and Assets

Teslar tightly integrates into the bank’s core, providing a seamless flow of information. With Teslar, The First will be able to quickly and easily generate reports for senior management and the board as well as for regulators. And, the technology provides deeper visibility into individual borrower relationship as well as the overall portfolio, which will allow the bank to better track exceptions and more strategically serve borrowers.

PREDICTIONS-SERIES-2022

“The First has a strong growth trajectory and realized to keep up this momentum, it needed to leverage technology to more efficiently manage its portfolio and create automated workflows across its organization,” said Joe Ehrhardt, CEO and founder of Teslar Software. “Through the use of our platform, the bank can better harness its data, leading to more informed strategic decisions and borrower service. We look forward to helping The First optimize operations so it can continue to support new and existing communities with confidence.”

Recommended AI News: LINK Mobility Announces Mobile Communication Agreement with Eversource

[To share your insights with us, please write to sghosh@martechseries.com]

Comments are closed.