Teslar Software has signed Oklahoma-based Liberty National Bank up to its portfolio management system.
Liberty National Bank, which has seven branches in five counties across Oklahoma and recently opened a loan production office in Oklahoma City, will use Arkansas-based Teslar’s platform for its commercial lending activity.
The US local bank believes using the platform will improve its exceptions tracking, reporting and overall portfolio management.
With a background in exception management, Teslar’s platform now offers 21 modules that aggregate and automate loan and deposit processes into a single system.
The partnership comes as Liberty National Bank is looking to provide new opportunities for current and potential customers through its recently opened loan production office in Oklahoma City.
Using Teslar’s portfolio management system will enable the bank to increase operational efficiencies so that it can maintain exceptional customer service with existing resources as it scales.
Michael Bucher, chief credit officer of Liberty National Bank, said the decision to work with Teslar was made so that the bank could stand out from the competition.
He explained: “With today’s crowded competitive landscape, we have to find ways to stand out among the wide range of choices available to customers. We’re confident that through our partnership with Teslar, we’ll be able to boost efficiencies, improve accuracy of information and provide better customer service, ultimately helping us rise above the competition. Our bank appreciates that Teslar’s platform is built by former bankers who understand our unique challenges and goals.”
Joe Ehrhardt, chief executive officer and founder of Teslar, added: “Liberty National Bank understands that to successfully compete and effectively scale, they must boost operational productivity and prioritise forming meaningful relationships with customers.”
“By leveraging our advanced portfolio management tools, Liberty National Bank will benefit from stronger data and increased visibility in the commercial lending process, helping them to carry out their growth plans with confidence.”