Banking software consultants help bankers choose integrated systems that process transactions between and inside financial institutions. This software helps private banks and investment administrators track customer accounts, loans and credit approvals. This helps integrate accounting payment systems.

All that the front-end customer sees is the ATM machine, banking by phone and online banking. Banking consultants work with bank administrators to keep the internal workings of banks and their web of branches on track and integrated and the front-end simple for the customer. Consider the following when choosing a banking software consultant:

1. Select the right core banking software for your institution.

2. Find servicing and loan origination banking software.

3. Use banking IT consulting to find the best customer relationship management bank software.

4. Get the financial investment and risk management software.

Action Steps
The best contacts and resources to help you get it done

Select your primary banking software with the expert advice of banking consultants

The core software of a bank handles the traditional functions of a bank like withdrawals, deposits, check processing, debit, credit and savings accounts. This is the foundation on which the bank depends.

I recommend: Look at banking software development solutions from Temenos and Precision Computer Systems. Info-tech giant Oracle designs core banking software as well.

Hire a banking software consulting service for servicing and loan origination software

Lending is the way that banks make money. Banks hire and train sales people to make phone calls and follow leads. Loan origination software for online banking can streamline this process, even when banks have inexperienced sales people.

I recommend: Byte and LoanAce have some of the best loan origination software systems on the market.

Use financial software consultants to choose customer relationship management software

Most bank customers interact with the bank via telephone more than in person at the branch. Customer relationship management (CRM) software assists the telephone operator to have the data on the customer in front of them. This makes the banking process more convenient for both customer and banker.

I recommend: The CRM banking software market has many big players including SAS, Microsoft and SAP. Look at Salesforce.com for a web-only option.

Find banking IT consultants for investment and financial risk management software

Private banks, international banks and investment banks use bank software for customer relations selling and financial modeling. Banking software tracks trades, analyzes investments and follows foreign and international bank transactions.

I recommend: Get training at Infinity to use investment management software. At GCI Financial, you can use a demo copy of their banking software before ever making a purchasing.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Talk to your banking system consultant about training for sales staff. Software does not replace people, but it can make them much more efficient and productive.