Murphy Bank Streamlines Board Reporting, Reduces Costs and Increases Engagement with Banc Intranets' DirectorsLink
- CTO says DirectorsLink implementation is “smoothest I have ever seen” -
JOHNSON CITY, Tenn., Sept, 19 2016 – Banc Intranets, a provider of secure, web-based enterprise content management solutions for financial institutions, announced that Murphy Bank implemented its DirectorsLink® board portal solution to increase total bank savings and streamline how board members communicate.
As a specialized lender based in Fresno, California, Murphy Bank needed a flexible portal to allow board members to quickly and easily communicate with each other over long distances. The bank initially selected another system, but found that it lacked a user-friendly interface and essential functionality, and was also incapable of archiving critical board information. After considering multiple providers, Murphy Bank made the switch to Banc Intranet’s DirectorsLink for its ease of use and flexibility, specifically for board voting and their loan review processes. “The implementation was the smoothest I have ever seen,” said Michael Murphy, CTO, Murphy Bank.
In addition, the bank leverages DirectorsLink’s integrated mobile app, which allows board members to access materials remotely through iPad tablets, eliminating the time and resources used to produce board packets. Murphy Bank is also using DirectorsLink to manage multiple committees, enhancing its governance and oversight capabilities.
Murphy continued, “Our previous board portal was extremely limited in its capabilities and cost nearly twice as much as DirectorsLink. And the unique nature of our business necessitates maximum flexibility, accessibility and engagement. Banc Intranets not only satisfies that need, it has streamlined many ancillary operations that we didn’t anticipate prior to the integration.”
“In today’s fast-paced, technology-driven society, it is imperative that bank leaders stay up to date in how they collaborate and report to each other,” said Mark Anderson, founder and CEO of Banc Intranets. “A portal that is too difficult to operate will lead to decreased productivity, longer wait times and increased levels of stress for the board as a whole. By choosing DirectorsLink, Murphy Bank is demonstrating its unparalleled commitment to providing their team with the tools they need for success, which allows them to focus on providing customers with exceptional financial service.”
About Murphy Bank
Murphy Bank is a state-chartered bank headquartered in Fresno, California. Established in 1984, Murphy Bank is a niche financial institution specializing in customized loans and leases for small business owners and individuals, as well as higher interest rate CD’s and savings accounts. Founded with the mission of being recognized as California’s best specialty bank, Murphy Bank continues to emphasize specialized customer service to busy individuals through long-term relationships. For more information, visit https://www.murphybank.com/.
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.