Monday, August 2, 2010

Focusing on core competencies: A must for community banks

I recently wrote an article for the Banker's Bank of the West July 2010 newsletter (you can see the full newsletter here: http://www.bbwest.com/news/July2010NL.pdf ) and I just wanted to share the article with you all. Hope that you find it interesting and helpful--I would love to hear your thoughts and feedback on it. 

As financial regulations have mounted, smaller banks are having a hard time keeping up. Precious time formerly spent on tending to customer needs has been diverted to deciphering new financial regulations and complying with all their requirements. Consequently, banks can easily become focused on internal affairs at the expense of over-looking customers’ needs and business growth.
In fact, it is not always smart or cost-effective for a community bank to try to do as much as possible in house. A sensible alternative to asking employees to accomplish tasks that fall outside their specialties is to outsource select functions like printing and office supply purchases. Judicious outsourcing can often save both money and time, allowing your bank to focus on core competencies.
Optimum System Products has established itself as a reliable, cost-effective partner for your bank’s printing and office supply needs. Our average community bank customer saves 20% to 30% annually by switching to Optimum.
Additionally, through Optimum’s new printing partnership with Mimeo, print-on-demand is now available to your bank, making Optimum your one-stop shop. This revolutionary technology allows you to submit your documents online by 10 p.m. Eastern Standard Time and receive them by 8 a.m. the next business day—a giant step forward in terms of quick turnaround. 
What does this mean for your bank? Adam Slutsky, CEO of Mimeo.com, put it this way: “With the Mimeo Open Platform, Optimum will be able to offer community banks the same services that are now utilized by Mimeo’s Fortune 100 banking customers without incurring the capital expense and risk associated with building a homegrown digital print solution.”

Optimum System Products, Inc., is an award-winning national provider of bank supplies. We work with more than 1,500 financial institutions and provide virtually every product your bank needs to operate.
For a free consultation on how your bank can save money on printing costs, call Optimum today at 800-869-0632. Visit www.optimumsystem.com.

No comments:

Post a Comment