The Seymour Bank and Teslar Software announced their partnership “to enhance the bank’s commercial lending strategy, increasing automation, efficiencies and accessibility through Teslar’s lending process automation platform.”
Seymour, Mo.-based The Seymour Bank will “use Teslar to better track documentation and monitor exceptions.” They will also utilize Teslar “to provide their customers with a digital customer portal to deliver a more convenient experience.”
Heather Johns, vice president of The Seymour Bank, said:
“We are known for our exceptional customer service and local involvement, but we also want to be recognized for modern technology and seamless experiences. With Teslar, we will become more accessible to our customers, delivering a portal that allows them to easily and quickly monitor the status of their loans and securely communicate with us. Plus, Teslar’s automated workflows will save time for our employees, resulting in a better, more efficient experience.”
Teslar also “provides the bank’s lenders a central location for all relevant customer data, increasing visibility and strengthening reporting capabilities.”
The technology will significantly “reduce reliance on cumbersome, manual processes, boosting overall productivity.”
Joe Ehrhardt, CEO and founder of Teslar Software, remarked:
“The Seymour Bank is a locally owned bank that has prioritized serving its customers and community for more than 80 years. We look forward to supporting the bank as they provide more digitized, seamless interactions to enhance both the customer and employee experience.”
As noted in the announcement, Teslar Software, founded in 2008, is “a configurable lending process automation platform for community financial institutions.”
Teslar transforms commercial lending “by providing easy access to centralized, relevant information to balance portfolios, optimize profits and help community bankers effectively serve their customers.”
Teslar claims it is “a forward-thinking technology company out of Springdale, Arkansas with a focus on software solutions for financial institutions.”
With the average employee having almost 20 years of banking experience, Teslar is well-positioned “to help banks and credit unions in today’s tough and challenging environment. Teslar Software was founded in 2008 in the wake of the financial crisis.”
Most would conclude that starting a company that specializes in software for financial institutions during the banking crisis that started in 2008 “would not be a wise move, but for Teslar it was, and it was this turmoil that has helped Teslar develop into a company that not only understands how to make cutting-edge software but also how to make software for financial institutions to help them navigate the current perplexing environment.”