Bell Bank, one of the largest independently owned banks in the U.S., had an outdated, manual budgeting system. With anticipated growth to $10 billion in assets by 2025, the bank implemented Management Planning and Control from Fiserv to drive fast, accurate and well-informed budgeting and planning.
Bell Bank used spreadsheets to gather budget information from all departments, creating inefficiencies and room for error in data collection and reporting. With little visibility into key data needed for strategic decision-making, the bank needed a modern approach to budgeting and planning.
Through implementation of Management Planning and Control, an enterprise budgeting and profitability solution built specifically for financial institutions to support fast and accurate budgeting and planning, Bell Bank could address these challenges and be better positioned for future growth.