Slovak Savings Bank Outsources Core Processing
Pennsylvania-based Slovak Savings Bank is outsourcing its core processing services in order to focus on its primary business objectives and reinforce its customer relationships. By using a core system devised specifically for community banks, Slovak Savings Bank will benefit from maximizing its internal capabilities and from using advanced applications that run off a flexible, integrated solution. As the 'new' core applications will integrate seamlessly with Slovak Bank's existing applications, the bank is well placed to respond to its customers' growing demands.For its general ledger module, Slovak Savings Bank is also to use a financial management software product to better manage and access its accounting information. Financial data is delivered via customizable technology that supports general ledger accounting and other processes over an architecture that can operate in an in-house or service
bureau environment. Sub-ledgers within a general ledger, such as accounts payable/receivable can be hard to track on a daily basis but banks that automate these processes greatly simplify their daily administration. Related Links:
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