Whether you prefer to outsource as much technology as possible, or you’d like to select just a few solutions to be hosted, Fiserv can help you carry out the strategy that works best for your organization.

 

Overview

Many Precision® from Fiserv bank platform clients choose to outsource their technology and trust our data center to operate the bank platform, as well as a host of integrated solutions.

But outsourced technology isn’t an all-or-nothing proposition. You can choose a hybrid option that enables you to operate Precision in-house while outsourcing other applications and functions, including document management, item processing and e-commerce.

What’s more, as your business strategy changes, you have the option to switch your processing method for the bank platform. Fiserv offers a seamless migration path between Precision in-house and outsourced processing. Benefits include:

  • No data conversion or early termination fees
  • The same general support infrastructure with both options
  • Minimal additional staff training is required

Our data center team is always an extension of your staff. Because Fiserv employs banking and technology professionals, you have access to their knowledge without the need to retain staff with comparable expertise. This benefit frees your staff to focus on customer service rather than on managing technology.

 

Features

  • Billing: Clients that outsource Precision appreciate predictable, single-page monthly statements that show the dividends your technology investment is earning for you
  • Product deployment: You can implement new solutions and services quickly and cost effectively, helping you to anticipate and satisfy both market and customer demands
  • Trusted system management and security: Fiserv not only manages all year-end processing, releases, updates and daily backups, but we also oversee security. Our comprehensive procedures and an annual independent audit provide proper controls to protect your bank and customer data
  • Hardware management: With much of the hardware owned by Fiserv and residing in our data center, you save on costs related to systems personnel and capital outlay. Plus, hardware costs won’t prevent you from adding solutions that promote your growth
  • Built-in business continuity: Our disaster recovery plan is carefully tested and reviewed at regular intervals, showing operations can continue under a wide range of conditions
  • Eased regulatory burden: The security and management provided by the data center make preparation for audits and regulatory examinations go more smoothly

Have a question for us?

For more information on Outsourced Services for Precision from Fiserv, call 800-872-7882 or contact us. For support, visit the Collaborative Care Center.

Contact Us

 

Services & Support

Business Continuity Services for Precision

Conversion Services

Data Vaulting

Education Services

Marketing Services

Outsourced Services

Server Virtualization for Precision

Support Services

Virtual Trainer for Precision

Web Services

Year-End Tax Reporting Services

 

Terms and Conditions

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Resources

Resource

Migrating to Outsourcing: Assessing Return on Investment Fact Sheet

The decision to outsource your technology management requires significant analysis. Fiserv can help you understand the financial impact of making the move to outsourcing.

Read the fact sheet

Resource

The Benefits of Outsourced Account Processing

Outsourcing enables financial institutions to shift the workload for back-office tasks to Fiserv staff with the option to maintain control of many key functions.

Read the fact sheet

Resource

Central Pacific Bank Outsourcing Video

Central Pacific Bank has realized significant cost savings and efficiencies from moving to outsourced account processing.

Watch the video

Resource

Carrollton Bank Outsourcing Video

Since moving to outsourced account processing, Carrollton Bank has transformed its organization to provide a better customer experience.

Watch the video

Resource

Forreston State Bank

When Forreston State Bank merged with Kent Bank, Forreston administrators sought to reduce operational redundancies. Since both were already using the Precision,® from Fiserv bank platform, moving to outsourced account processing was the cost-efficient solution.

Read the case study

Resource

Outsourced Account Processing Services

Behind the growing trend toward outsourced account processing are thousands of financial institutions that see these services as cost-effective ways to simplify resource management, protect data, increase customer satisfaction and enhance delivery of profitable banking products.

Download the fact sheet