Bank Embraces BPM as it Automates Accounting and Loan Processing
San Diego, Ca — April 18, 2012 — BP Logix, a developer of BPM software that accelerates time-to-value, today announced its growing success in providing banking institutions with a solution to optimize their processes. Stillwater National Bank and Trust Company (SNB) selected BP Logix Process Director to automate its loan credit and Accounting processes and automate more than 150,000 forms in use by employees across 28 locations. SNB turned to BPM to improve customer service, address compliance requirements and ensure a more efficient, cost-effective operation.
A subsidiary of Southwest Bancorp Inc., SNB was founded in 1894 and is headquartered in Stillwater, Oklahoma. The Bank, with assets of $2.3 billion, specializes in commercial and personal lending, deposit, investment services, specialized cash management and other financial services. In 2002, branching outside of Oklahoma began. In Texas, SNB is branded as SNB Bank of Austin, SNB Bank of Dallas, SNB Bank of San Antonio and SNB Bank of Houston. In 2007, Southwest purchased Bank of Kansas, who now boasts eight branches in Kansas.
Streamlining the loan credit process, as well as improving Accounts Payable processes, were key requests for the IT department. Laura Briscoe, SNB’s Director of Information Services, established criteria for the product she wanted to purchase. It needed to be: 1) Browser-based, 2) Provide rule-based routing, 3) Be able to handle complex logic 4) Offer a user-friendly dashboard with search and proxy capabilities and 5) Provide integration with SQL, Active Directory and SharePoint. Needing to replace an existing product that had proven to be incapable of developing useable workflow processes and electronic forms, Briscoe initiated a search. She short-listed five companies and met with three. Within 45 days her recommendation to purchase Process Director was approved by the Bank’s Oversight Committee.
“While doing a cost-benefit analysis we found that we could do everything we needed to with Process Director -- including complex logic for forms, spawning, different rule sets and calculations on loan documents,” remarked Briscoe. As a result of streamlining the loan credit process, SNB will be saving man hours, time and money and will have a well-documented and audited process. “With Process Director, we will be doing what we do now – on steroids,” she added.
Process Director enables users to review historical and current data related to business processes, understand the implication of activities in running processes and to instantly implement corrective action to overcome a pending problem, if one is present. Process Director fuses traditional workflow automation with the BP Logix Process Timeline™. As a result, it enables process builders to specify dependencies and conditions, determine the planned duration of a process, and define the order for all activities within the process.
“Today's economic conditions are fueling the need for the kind of cross-department process improvements that BPM brings to an organization. Stillwater National Bank and its affiliates are also embracing the kind of productivity improvements that are well-served with Process Director – and will result in bottom-line improvements,” concluded Jay O’Brien, CEO of BP Logix.
About BP Logix
BP Logix (bplogix.com) unites IT and business users enabling them to deploy sophisticated, form-based, workflow-driven enterprise apps in a fraction of the time and a fraction of the cost of traditional development. Our award-winning business process management (BPM) software powers workflow-driven solutions that cross organizational boundaries, embracing the C-suite, operations, sales, customers and prospects.
Customers including Abbott Labs, County of Fresno, DuPont, IDEX, Leo Burnett USA, Memphis Light, Gas and Water, MultiPlan, NEC Labs, Starwood Hotels and Resorts, the National Institute of Mental Health, Rite Aid, RidgeWorth Capital Management and Vulcan Materials Company use BP Logix-powered workflow apps to deliver clear and measurable improvements in productivity, compliance, and customer engagement.
The BP Logix name and logo are the registered service and trademarks of BP Logix, Inc.
Press Release Contacts –
760-643-4121 ext. 3250