Teslar Software has landed a new client for its automated workflow and portfolio management tools.
FMS Bank, a Colorado-based financial institution, has selected Teslar Software to provide an improved lending experience, increased visibility to customer data, and efficiency to its operations. FMS Bank learned about Teslar Software, based in Springdale, from a peer bank and was further persuaded to approach the company due to its participation in the ICBA ThinkTECH Accelerator and winning the accelerator’s Banker’s Choice Award for Most Impactful Solution.
“The main driver behind our decision to partner with Teslar Software was to provide us with easier access to customer data,” FMS Bank president and CEO James Smith said in a statement. “We need to know how our customers are evolving over time in order to best serve them. With Teslar, we’ll be able to keep a pulse on how our customers are doing and what types of support they need. Plus, we’ll be able to significantly boost efficiencies and facilitate a more enjoyable employee experience, which is paramount in today’s environment.”
According to a company news release, FMS Bank plans to use Teslar Software’s tools to manage its lending portfolio and establish workflows in order to better understand its banking customers and their needs.
“As we near the end of this complex, unusual year, many are beginning to think about what’s next and what the post-pandemic environment will look like,” Teslar CEO and founder Joe Ehrhardt said. “Bankers will need to continue to find ways to form meaningful relationships with their customers so that they can successfully compete and scale. Through partnering with us, FMS Bank will be able to not only empower their employees, but they will also know how to more efficiently serve their customers, which is a key differentiator in today’s landscape.”
Launched in 2008 as 3E Software, Teslar Software aims to improve efficiencies for banks and financial institutions by integrating systems and streamlining process. The company offers a range of technology, including annual loan reviews, construction management, a criticized assets engine, exceptions management, internal loan review, portfolio management, and workflow management.