PROFIT INSIGHT reviewed all banking products and operations; focusing on retail deposits, exception processing, online banking and lines of credit. Client implemented 17 strategies and generated $4.2 million in incremental annual revenue.
Full-service retail banking franchise with a multi-state footprint engaged Profit Insight to identify revenue enhancement and cost reduction opportunities across the bank. Three other consulting firms had been engaged in recent years with the final project wrapping up only months prior to the beginning of our engagement. However, our executive sponsor was keen to find additional efficiencies to serve the bank well as they began implementing a significant growth plan.
Profit Insight reviewed all banking products and operations with a special focus on retail deposits, exception processing, online banking and lines of credit.
Identified and recommended 34 strategies worth nearly $6 million in annual performance lift. Client ultimately implemented 17 of the strategies with annual value of $4.2 million within a year.