Teslar Software and Merchants National Bank today announced their collaboration to automate manual chores and support the bank’s strategic growth initiatives while streamlining the bank’s lending procedures. Commercial, real estate, and agricultural loans are all available through Merchants National Bank’s extensive loan portfolio. Using Teslar, the bank will have more access to their portfolio and be better able to swiftly and easily grasp the status of individual loans. Employees will have more time to devote to strategic projects because to Teslar’s reduction in reporting and exception monitoring time.
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“As we’ve continued to grow, recently crossing the $1 billion dollar threshold, it was clear that Excel spreadsheets and largely manual processes would no longer fit our evolving needs,” said Linda Smith, VP and head of credit administration at Merchants National Bank. “Teslar solves these pain points, incorporating sophisticated technology and automation to save time and reduce the risk of human error. We are confident that the efficiencies gained through Teslar will support us as we enter new markets.”
“Merchants National Bank has prioritized the needs of local customers and businesses for over 144 years, and we look forward to supporting the bank as they optimize their lending process,” said Joe Ehrhardt, CEO and founder of Teslar Software. “We are excited to partner with them to help create efficiencies and maintain a close pulse on borrower needs and opportunities as they grow.”
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