PRI Blog: Organization Development

Our blog is dedicated to sharing our thoughts and expertise about the banking industry and how you can experience quantifiable results for your financial institution. We invite you to hear the perspectives from our banking professionals through our posts.

Treasury Management with the Client in Mind, Start to Finish - Part 2

As we highlighted in Part 1 of this blog, competing in the treasury management space is becoming more challenging as technology expectations grow. It’s also a highly desirable (and profitable) space for the FI to play in. In Part 1, Jen Megee, PRI project manager, discussed two ways to provide a client-centric experience to the […]
Continue Reading

PRI Annual Meeting Focuses on Addressing Client Needs

The PRI team gathered from seven states in Tampa, Fla., on Nov. 11 to discuss current business trends, new product launches, personal career development and problem-solving strategies for a complex world.  In the fast-moving financial industry, tackling challenging problems in the workplace requires more skill than ever before. In a session facilitated by Rebecca Armacost, […]
Continue Reading

Tips and Best Practices for Managing a Project Part 2

In our last blog post, Sue Schmiedeler, project manager at Profit Resources Inc., discussed best practices in project management that ensure the financial institution can minimize business disruption and maximize efficiencies and long-term benefits, including profitability.  In this blog, she shares 10 tips to facilitate better and more effective project management. Assess the risks. Every […]
Continue Reading

Tips and Best Practices for Managing a Project Part 1

When launching complex projects such as a core conversion or merger and acquisition activities, financial institutions are wise to dedicate substantial time and resources to planning and project management. A good project management process will minimize business disruption and maximize efficiencies and long-term benefits, including profitability.  Sue Schmiedeler, project manager at Profit Resources Inc., recently […]
Continue Reading

M&A Integration: A Focus on Culture

In our last blog post, we discussed the importance of integrating “best practices” during mergers and acquisitions to maximize efficiency and reduce costs. But that’s only part of the story in an integration; in this blog, we will tackle the issue of culture integration.  When any acquisition is announced, the press release invariably extols the […]
Continue Reading

M&A Integration: A Focus on Processes

Merger and acquisition integration of technology requires a close look at the different processes and best practices of the Financial Institutions involved. Most FIs have similar processes, but they may go about them differently with varying levels of efficiency. Often, the acquiring institution converts the processes of the acquired FI completely without first thoroughly reviewing […]
Continue Reading

Establish a Structure that Supports a Culture of Efficiency

In the last of our three-part series about efficiency, we will touch on three ways to establish a structure that supports a culture of efficiency at your FI.   Efficiency goals should be born out of benchmarks. The FI can pick one or two they want to focus on, establish what success looks like and how […]
Continue Reading

Efficiency: Why Do We Care?

With the current economic environment and the impacts still being felt from the COVID-19 pandemic, many FIs are focusing inward and analyzing their efficiency as an institution. Increasing an institution’s efficiency results in three key outcomes: Enhanced Customer Experience. Efficient organizations offer a much better customer experience. Particularly on front-facing activities, customers prefer to resolve […]
Continue Reading

Search Profit Resources