Banc Intranets Reports Number of New Financial Institutions Using Employee Portal Triples Year-Over-Year in Q1 2016
- Adoption of intranets increases as financial institutions prioritize centralized document management and stronger training practices -
JOHNSON CITY, Tenn., April 5, 2016 – Banc Intranets, a provider of secure, web-based enterprise content management solutions for financial institutions, announced that the total number of new financial institutions using its BancWorks® secure employee intranet tripled year-over-year in Q1 2016.
“Financial institutions seeking to improve operations and centralize training and compliance are taking a hard look at employee intranets,” said Mark Anderson, CEO of Banc Intranets. “The growth in clients we’ve experienced, as well as the increase in demos and web traffic, is evidence that the industry is placing more importance on internal controls that create a transparent and accessible single point of access for information, while also supporting customer-facing functions to strengthen overall business and increase profitability.”
For financial institutions with 150 employees, each working an average of 250 days per year, 10 minutes spent searching for information per day per employee can cost more than $90,000 annually. At 200 and 250 employees, the amount increases to $120,000 and $150,000, respectively. A fully customizable intranet solution, BancWorks streamlines enterprise-wide communication by providing bank and credit union employees with access to important forms, information on procedures for products and services, and company news, all through a user-friendly interface.
In addition, BancWorks enhances employee training initiatives by allowing financial institutions to assign courses to specific employees, electronically track their progress and send automatic alerts when new courses are added or a deadline is approaching.
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.