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SRC Software adds four more to client roster

19 April 2004  |  477 views  |  0

SRC Software, the leader in providing flexibility and sophistication for enterprise financial planning and performance management, today announced that it has added Beneficial Savings Bank, First Midwest Bancorp, First National Bank Texas and Placer Sierra Bank to the company's growing list of leading financial institution customers.

SRC Software's leadership position within the financial sector continues to grow because its technology is tailored to manage the unique and complex corporate performance management needs of financial institutions.

SRC Performance Management FI streamlines an effective approach to driving corporate performance with one comprehensive platform designed for the specific needs of financial institutions. SRC combines an enhanced Excel environment with industry standard databases and innovative technology that allows financial institutions to efficiently create and evaluate strategic initiatives, develop accurate budgets and forecasts, measure performance and analyze results. Financial institutions that utilize SRC's solutions save time and produce more reliable plans and reports, allowing them to focus on their core business.

"Our budget has always been completed manually by the finance department, and the extensive reports are printed and distributed to the appropriate managers. We wanted a solution with the functionality that would allow us to simplify this process," said Sabrina Heginbotham, vice president of finance, First National Bank Texas. "With SRC we will be able to engage individual branch managers in the planning of their own budgets and quickly send reports via e-mail. This means no more wasted time or paper."

"One of our business objectives is to ensure that the multiple divisions within our company are involved in the annual budgeting process. If our employees are taking part in setting their goals, they will strive harder to achieve them," said Krista Snelling, vice president and controller of Placer Sierra Bank. "SRC will allow us to gather input from more people than ever before, ensuring that our budget and forecasts are accurate and achievable."

"After evaluating several solutions, we decided on SRC because it will allow us to expand our budgeting process and gather input from all departments across 70 centers," said Marion Blow, senior vice president and director of management, accounting and reporting at Beneficial Savings Bank. "SRC's Excel interface is one feature we find extremely valuable, because it gives us the ability to produce advanced budgets, forecasts and management reports while accessing a familiar application."

"For the past 20 years, SRC has helped address the unique performance management needs of financial institutions by providing planning and reporting software designed around their business," said Peri Pierone, vice president of vertical markets, SRC Software. "As a rising number of financial institutions streamline their overall performance management processes we continue to see an increased demand for our solutions. We are looking forward to long-term relationships with Beneficial Savings Bank, First Midwest Bancorp, First National Bank Texas and Placer Sierra Bank."

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