The Hidden Costs of Legacy Systems
Employee satisfaction is imperative in business. Happy employees make organizations thrive. Satisfied employees can be 20% more productive. Beyond pay and benefits, it is the organization’s culture that makes a difference. A culture that includes technology. It is time to evaluate and think about a tech culture upgrade.
Tangible Intangibles: Employees and Technology
It is no secret that happy employees make for a better, more productive workplace. Yet technology is overlooked in the entire employee experience.
Employee costs you may incur when your legacy system fails:1
“What does the embrace of legacy systems say to a workforce? In part, it tells them that it’s okay to not change. That it’s fine to put off today’s concerns and leave them for a distant tomorrow because yesterday’s habits and solutions are still working. Is that really the view any business wants to encourage in their employees – especially when training them in new skills?”1
The new generation of workers are a complex mix of tech-savviness and social responsibility. Having new technology is not only good for business, but can attract younger, educated workers that ultimately are tomorrow’s leaders. What can you do now to modernize, begin marketing your business to millennial workers, and change the culture of the credit union?
Sondra McCorquodale, Chief Digital Officer at Southern Bank, shares their digital transformation strategy. “Digital is not just the mobile app in your hand and it is not the customer going to the online banking on the workstation. Digital is how we do business”.
Click the play button to watch the video.
Finastra Solutions for Tech Culture Upgrade
Core Banking System
Fusion Phoenix is an intuitive and easy-to-use core with a dashboard that mimics the toolbar ribbon in Microsoft Office.
Finastra’s lending solutions make life easier for your organization with improved account holder onboarding, increased data transparency and streamlined back-office operations.
Fusion Digital Banking, powered by Malauzai, provides a single platform so your employees have a single, easy to use system to navigate.
Consumer Lending and Mortgage
Total Mortgage allows you to maximize your internal talent and resources by eliminating manual data inputs and regulatory oversight.
Business Intelligence and Analytics
Fusion Analytics pulls data from many account and accountholder information silos into a modern, interactive view that is understandable and actionable for employees.
Finastra's consumer payments solutions make it easy to manage payments and transfer funds across any channel, so employees can focus on strengthening relationships with account holders.
We Have You Covered
With North American headquarters based in Lake Mary, Florida, Finastra has a solid and deep presence in community markets.
Our clients in the region benefit from dedicated employees located across the country to provide community banks and credit unions with innovative, proven financial software solutions. The region’s 4,200+ clients can be found far and wide, from Key West, Florida to Hobbs, New Mexico; Willards, Maryland to Honolulu, Hawaii; Fremont, Ohio to Fort Collins, Colorado; and everywhere in between.
Do you want to know more about our solutions?