Improving Operational Efficiency with Bank Facility Management Software

In a recent study by Amercian’s Banker Association (ABA), it was found that around 80% of the bank customers still prefer visiting banking locations and ATMs, rather than opting for other banking solutions.

Today, when mobile banking through dedicated smartphone applications for transfers and payments has become highly popular, 80% of the total bank customers still preferring to visit a banking location clearly portrays that how bank’s facilities and physical locations are significant strategic assets. Following which, it is important for banking facilities to operate efficiently with supporting business goals, reduce operational costs, generating good revenues and improving customer relationships.

Bank Facilities Management

In the current cut-throat business environment, banking and financial organizations are facing a tough time to compete with the rivals in the industry. The growing operational and maintenance costs, as well as the shrinking profits are making it hard for banking organizations to mark a constant growth.

Bank Facility Management Software: An efficient bank facility management software can help banking and financial organizations in optimizing their facilities and physical locations so that they can better align with their business goals. A facility management software solution can help banks in ensuring improved operational efficiency without increasing the maintenance cost.

A bank facility management software streamlines various day-to-day business operations, enhancing the overall efficiency and productivity of employees. Some of the major areas where a bank facility management software is helpful:

Property Management: An advanced facility management empowers banks to strategically manage its rented and owned facilities with ensuring minimized business interruptions. The automated email notifications inform the users about the approaching date of lease expiration so that they can renew the lease agreements on time. It also stores all property and lease related documents like rental receipts very safely.

Space Optimization: Integrating a facility management software allows banks and financial organizations to efficiently utilize the unused spaces in the facility, increase productivity, streamline space allocation and de-allocation, and reduce operational costs significantly. Space management becomes an easy task for banks after implementing a facility management software. Also, an advanced facility management software can easily integrate with an ERP, HR or CRM software to ensure transparency in space availability.

Asset Management: With a facility management software, banks and financial organizations can efficiently manage the complete lifecycle of their fixed assets present within the facilities and office locations.

Help Desk Management: This feature empowers banks and financial organizations to track problems, complaints and service requests by customers within their facility locations.

With automated processes, bank employees and staff can focus on adding new customers, retaining their accounts and sell financial products to them. A well-managed bank facility supports employees and all other business aspects to strengthen customer relationships.

QuickFMS: An Advanced Facilities Management Software QuickFMS is an innovative cloud-based facility management software, which has been packed with several beneficial features and tools that allows facility managers of small, mid-sized and large banking and financial institutions to simplify the maintenance and management of the facilities. This also includes optimizing space, facilities Help desk management, Asset Tracking management and controlling operational costs.

Amit Prasad is the founder and managing director of SatNav Technologies and has business interests in a wide range of IT products. SatNav Technologies is an IT products company focusing on cloud based map data products and a pioneer in GPS, FMS & LBS Technologies. The product suite includes SatTracx in-the-field location based solutions and A-mantra in-the-office facilities management solutions. QuickFMS from a-mantra is a cloud based facility management system which enhances organization’s efficiency.

One thought on “Improving Operational Efficiency with Bank Facility Management Software”

  1. Thanks For Your valuable posting,this is for wonderful sharing,i would like to see more information from your side.i am working in Erp In India

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