Banc Intranets Allows Financial Institutions to Measure ROI of Employee Portal
- New BancWorks® analytics functionality calculates the monetary value of banks’ and credit unions’ intranet use -
JOHNSON CITY, Tenn., April 27, 2017 – Banc Intranets announced that financial institutions can now measure the return on investment (ROI) of its BancWorks® employee portal, which has been enhanced with an analytics module that converts its operational efficiencies into total dollars. The company is a provider of secure, web-based enterprise content management solutions for financial institutions.
Available to any bank or credit union using BancWorks, the ROI analytics functionality categorizes employee-facing resources (news, blogs, product information, security policies, training materials, etc.) and assigns dollar valuations for each interaction. The specific amount is determined by the financial institution, based on the importance of a given process and can be changed at any time.
Once values are entered, the system calculates the hourly, daily and monthly ROI stemming from employees’ use of the intranet and provides charts and graphs that illustrate the financial institution’s realized cost savings for:
- Participation in and completion of industry training;
- Review and acknowledgement of required policies and procedures;
- Engagement from industry and company news, blogs and other internal content;
- Management of ticketing system requests; and
- Utilization of FAQs and other internal resources.
“When it comes to internal processes and access to information, specific inefficiencies or risks aren’t revealed until they’ve had a negative impact on a bank or a credit union,” said Mark Anderson, founder and CEO of Banc Intranets. “Like BancWorks, the ROI analytics functionality was developed for bankers, by bankers. It helps keep track of where employees are spending the most and least amount of time and monitors their learning management and training progress. For financial institutions, this allows administrators to consistently identify areas of improvement in the access to and use of information, while reducing compliance risks.”
About Banc Intranets
Established in 2002, Banc Intranets, LLC is a leading provider of secure, web-based enterprise content management solutions for financial institutions. Its technology provides a single point of access across multiple devices for documents and information and centralizes employee onboarding and training, streamlining day-to-day operations for bank directors and senior managers. In addition to increasing efficiency and productivity, Banc Intranets’ solutions are developed by financial industry professionals, providing comprehensive reporting that is critical to maintaining regulatory compliance. For more information, visit www.bancintranets.com or follow the company on LinkedIn and Twitter.