Thu.May 16, 2024

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Building a Dynamic Business Operating Model

Aepiphanni

Building a resilient business operating model that decentralizes decision-making, increases productivity and results in greater employee satisfaction.

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3 Actions to Grow Recurring B2B Sales Revenue

Force Management

In our recent webinar with Force Management Managing Director and Facilitator Brian Walsh, an audience member posed a question that we hear often in our work with B2B sales organizations:

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Indirect sales can boost revenue while minimizing costs to your business – use our guide to find out how

PandaDoc

In this article, we’ll cover how you can measure indirect sales success and discuss the four main types of indirect sales strategies: distribution , dealership , franchising , and merchandising. We’ll also highlight the main advantages of indirect sales, such as expanding the sales network , increasing distribution efficiency , and minimizing costs.

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Practical Tips for Community Bank Innovation

NG Data

Community banks are embracing innovation and technology to stay competitive. ChoiceOne Bank built its loan origination platform and offers it to other financial institutions. BAC Community Bank has hired professionals with data analysis backgrounds to help with software and other projects. Seattle Bank launched CD Valet to increase deposits and help other banks do the same.

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2024, The Year of the Customer

2023's struggles fueled a shift: companies are ditching wasteful strategies in favor of data and AI-powered growth. Enter 2024, the year GTC takes center stage. Discover 5 ways a customer-centric approach unlocks new revenue and delivers lasting success.

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A comprehensive guide to lead qualification – what it is, how it works, and the best strategies 

PandaDoc

Generating leads is vital, but it’s only half the battle — you also need to figure out which leads are most likely to become paying customers. That’s where lead qualification comes in. In this post, we’ll explore what’s involved in the process and show you some winning strategies. Key takeaways: Lead qualification identifies high-quality leads who are likely to buy.

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Jack Henry Strategy Benchmark

NG Data

The Jack Henry Strategy Benchmark survey found that growing deposits is a top priority for financial institutions. Both banks and credit unions plan to increase tech spending on fraud detection, digital banking, and data analytics. Net interest margin compression and deposit attrition/displacement are top concerns. Financial institutions plan to embed fintech and serve niche markets like SMBs.

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Bank Survey: Small-business owners optimistic about their future

NG Data

The survey by TD Bank shows that 90% of small-business owners are optimistic about the next 12 months. However, concerns about inflation and increasing costs are prevalent. Additionally, 64% expect to need additional credit or financing, with various intentions for its use. Source The post Bank Survey: Small-business owners optimistic about their future appeared first on NGDATA.

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Minnesota Merger Would Make the Newest $1 Billion Credit Union

NG Data

Anoka Hennepin Credit Union is set to merge with Topline Financial Credit Union, creating a combined entity managing over $1.1 billion in assets and serving nearly 70,000 members across 15 counties in Minnesota. Key executives are expected to receive retention bonuses as part of the merger, and the focus remains on providing enhanced value and expanded services to members while maintaining a commitment to financial inclusion and community support.

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Navigating compliance in community banking: AI brings opportunity

NG Data

Community banks face compliance challenges due to regulations and limited resources. AI offers solutions to streamline compliance processes and free up resources for customer-focused activities. Tools like HawkAI, TridentAI, Greenlite, Shiboleth, and Parcha empower community banks to navigate compliance requirements more efficiently. Source The post Navigating compliance in community banking: AI brings opportunity appeared first on NGDATA.

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