Words From The Efficiency Experts

Teslar Software Launches Indirect Lending Solution

Posted by Teslar Software on Wed, Sep 14, 2022

Teslar Software today announced the launch of its indirect lending solution, which empowers community financial institutions to offer indirect lending services to local business and consumers in a way that’s quick, efficient and digitally optimized. Joe Ehrhardt, CEO and founder of Teslar Software, demoed the solution Monday at FinovateFall in New York.

Read More

Don’t wait until it’s too late to prepare your bank for an economic downturn

Posted by Bethany Wood on Tue, Jun 7, 2022

As Americans are beginning to feel the weight of current inflation, thoughts of a coming recession have been on the minds of many. Earlier this month, the Federal Reserve raised interest rates for the first time since 2018 in an attempt to combat inflation. While this announcement has put some minds at ease, there are still many Americans concerned this is just further evidence a recession is coming.

Read More

Community Banks Considering their Options as Big Banks Remove Overdraft Fees

Posted by Bethany Wood on Thu, Mar 31, 2022

Citibank recently announced plans to eliminate overdraft fees beginning this summer, making it the largest bank thus far to implement this policy, according to the press release. The bank announced it would stop charging overdraft fees, returned item fees, and overdraft protection fees in an effort to be more financially inclusive.

Read More

How Banks Can Think Differently About Optimizing Margins

Posted by Colin Savells on Wed, Mar 2, 2022

Net interest margin is a central measure of a financial institution’s long-term success and viability. In an industry that is currently seeing abnormal trends of lower loan originations, excess liquidity, global staff shortages and supply chain issues, closely monitoring margins is of even more importance for banks wanting to avoid falling behind peers.

Read More

Is your communication with customers on par with your peers?

Posted by Joe Ehrhardt on Wed, Dec 15, 2021

Excellent customer communication is the pinnacle of community banking. However, a new precedent for speed and digital offerings for your commercial customers has been set since the onset of the Paycheck Protection Program. Will people want to go into a bank branch to apply for a commercial loan when they were able to carry out the entire PPP loan process digitally? Now that these digital expectations have been set, there’s no going back. Bankers can’t revert to doing things the same way they did before the pandemic. It’s just not an option.

Read More

Teslar Software Predicts Greater Digitization of Commercial Lending to be Top 2022 Trend

Posted by Teslar Software on Tue, Dec 7, 2021

Springdale, Ark., Dec. 6, 2021 – Teslar Software, provider of portfolio management tools that aggregate and automate lending and deposit operations for community financial institutions, today shared commentary on what most significantly impacted the market in 2021 and what financial institutions should watch as we head into 2022.

Read More

Top 9 Questions to Ask When Interviewing Potential Vendors

Posted by David Hamrick on Tue, Nov 16, 2021

In the banking industry, innovation and technology are top of mind for community financial institutions who want to stay relevant. As you search for solutions to your CFI’s needs, you will undoubtedly vet many vendors. Give yourself an advantage and be sure to ask the right questions during the discovery process. These are some of the most important questions you should ask when interviewing potential partners to ensure the relationship is going to be a good fit.

Read More

Community Banking in 2021

Posted by Joe Ehrhardt on Wed, Jun 30, 2021

Community banks have always been good at creating lifetime customers, but evolving technology and customer demands can complicate your ability to satisfy customers post-pandemic. There is a running joke in the banking industry that the pandemic took five years of technology growth and pressed it into one. With the additional demands put on bankers by the Paycheck Protection Program (PPP), that joke is one hundred percent true. Now that these digital expectations have been set, there’s no going back. Bankers can’t revert to doing things the same way they did before the pandemic. It’s just not an option.

Read More

An Affordable Way for Community Banks to Compete in Online Banking

Posted by Bethany Wood on Thu, May 13, 2021

The banking industry is completely changing (and fast!) due to this global pandemic. While banks are typically slow to adopt technological changes, the pandemic has accelerated this process by years. Digital offerings are not just conveniences anymore, but legitimate necessities for customers now. This adaptation can be more difficult for community banks with more limited resources than it is for large banks, but community banks still want to be players in the game.

Read More

Pendleton Community Bank President & CEO Discusses His Favorite Aspects of Teslar

Posted by Bethany Wood on Wed, Feb 17, 2021

At Teslar Software, we are in the business of creating highly efficient banks. We build tools designed to improve productivity and increase data accuracy throughout your entire institution. We provide community financial institutions with automated workflow and portfolio management tools to streamline and improve processes with easy access to relevant information needed to operate. Our innovative software is built on four pillars that we believe are essential to any financial institution that is eager to increase efficiency: Integration, Empowering Bankers, Streamlining Processes, and Scalability.

Read More

Creating Highly Efficient Banks

Join us for the latest news on the happenings at Teslar Software, as well as industry news and insights from our team of experienced former bankers.

Inside you'll find:

  • The latest news for Teslar Software
  • Industry News & Insights
  • Upcoming Webinars
  • Exclusive Whitepapers and Case Studies

Subscribe Here!

Recent Posts