23 Hoosier Banker September 2015 that the loan requires their review and approval. The board is then able to review the loan data online, share comments with others, make personal notations and place its decision — which is instantly available for viewing by the loan committee and archived for future reference. In addition the loan committee can easily make revisions on the portal itself, allowing members to host paperless loan review committee meetings and reducing the need to circulate sensitive materials. Streamline Employee Communications When it comes to employee intranets, your institution can capitalize on several advantages. Intranets simplify document sharing to minimize hard copies, mailed materials, faxes and emails. With their ability to centralize communication and resource distribution, they also can lead to enhanced collaboration and knowledge-sharing, as well as improved productivity, since employees have a more efficient way of interacting with each other across departments and branches. What’s more, this solution provides a number of human resource functions, including time-keeping and attendance, vacation tracking and policy management. An employee intranet also offers your staff productivity tools to better assign, manage and track workflows and daily tasks. Strengthen Regulatory Compliance A critical point to remember is that, when partnering with an online portal provider, you must perform due diligence on your vendor’s security controls, including related proof, because examiners will ask for it. That said, Web-based portals offer several advantages from a compliance standpoint. Directors gain access to the most up-to-date, clickable regulatory changes, as well as convenient online compliance training. After all, no single entity is more accountable for, or deeply affected by, a compliance slip. Portals also make examiners’ jobs easier by giving them greater accessibility to such organized and archived materials as board minutes and compliance manuals. Finally, online portals add stronger compliance and efficiency to policy management, since they allow you to post and archive financials, bylaws, training documents and manuals, Young & Associates, Inc. Consultants to the Financial Industry Capital Planning System Saves Time & E ort Field Tested Has Passed Regulatory Scrutiny Allows you to: • Develop a Base Case Scenario for minimum adequacy standards • Identify and Evaluate Risk for your bank • Stress Test Capital by loan classification (as recommended by the FDIC and OCC) • Perform Contingency Planning for stressed events • Generate Your Capital Plan in as little as 1 day! Pricing First Year License Fee — $1,095 Update/Annual License Renewal — $495 35 YEARS 1978 - 2015 + disaster recovery plans and more — and compel both directors and employees to accept or deny them, when necessary, with a simple click. The bottom line is that Web portals stretch beyond the boardroom to benefit your financial institution’s entire staff, and put powerful technology at your fingertips. They save time, energy and money that can be put toward what counts— protecting the institution, employees and customers from unnecessary risk. t
RkJQdWJsaXNoZXIy MTg3NDExNQ==