Independent Banker - May 2019 - 65
Partnering
for Success
+MVWX 3EXMSREP 'ERO 8I\EW SFXEMRW E VIXYVR SR
investment with OnBoard board portal
For most organizations, the responsibility to prepare for an
upcoming board or committee meeting is a significant undertaking.
The groundwork alone for a 12-person board-
and multiple committees-that meets over 50 times per
year can produce around 20 to 30 hours of work per month
for board professionals. It's an arduous process to produce,
amend, and manage thousands of pages of PDFs, sustain a
continual stream of emails, and manage phone calls to confirm
meeting dates and times. The time and cost to do this
doesn't even include the printed materials, labor, last-minute
changes and shipment of board books.
First National Bank Texas decided to measure their cost savings
by reviewing what had they saved from cutting paper,
adding up time saved and securing comprehensive compliance.
The
results were breathtaking.
In this study, they found the following:
* an annual savings of over $85,000 in printing costs
* the opportunity cost of administrator time saved equaling
over $40,000
* over 2,000 hours saved
* over 475,000 pages saved
* 270 percent ROI annually
* over 285 working days (or 2,280 hours) saved across all 15
committees and 2 boards using the product
" OnBoard has helped me save 40 hours in prep time for every
single board meeting at First National Bank Texas, " said
Paula Sheamer, administrative off icer for First National Bank
Texas.
With OnBoard, your community bank will discover the value
of a board governance platform and achieve the matching
results. OnBoard is the most accessible user experience
ever, available on every device, at any time, with a no-stringsattached
free trial.
Passageways recently conducted a return on investment
(ROI) study with the First National Bank Texas. Their story followed
the growing trend toward a widespread increase in
the adoption of boardroom technology at banks. The banking
industry is not new to this experience-in fact, banks
have led the way in adopting board meeting technology.
Since 2017, First National Bank Texas has used Passageways'
OnBoard, an ICBA and Texas Bankers Association-endorsed
board portal solution. OnBoard proved such a success that
its use ended up spreading beyond their boardroom. Today,
it is leveraged across 15 committees and two boards.
Whether you're still printing board books or are tired of an
endless chain of emails and attachments, you should reach
out today. We're confident in our product's ability to transform
board meetings.
You can learn all about OnBoard at our website, but we
encourage you to pick up the phone and give us a call
any time at (765) 535-1882 or send us an email at
more@passageways.com
765.535.1882 / passageways.com
http://www.passageways.com
Independent Banker - May 2019
Table of Contents for the Digital Edition of Independent Banker - May 2019
Table of Contents
Independent Banker - May 2019 - Intro
Independent Banker - May 2019 - Cover1
Independent Banker - May 2019 - Cover2
Independent Banker - May 2019 - Table of Contents
Independent Banker - May 2019 - 2
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Independent Banker - May 2019 - Cover3
Independent Banker - May 2019 - Cover4
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https://www.nxtbook.com/mspc/independentbanker/december2021
https://www.nxtbook.com/mspc/independentbanker/november2021
https://www.nxtbook.com/mspc/independentbanker/october2021
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https://www.nxtbook.com/mspc/independentbanker/august2021
https://www.nxtbook.com/mspc/independentbanker/july2021
https://www.nxtbook.com/mspc/independentbanker/june2021
https://www.nxtbook.com/mspc/independentbanker/may2021
https://www.nxtbook.com/mspc/independentbanker/april2021
https://www.nxtbook.com/mspc/independentbanker/march2021
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https://www.nxtbook.com/mspc/independentbanker/september2018
https://www.nxtbook.com/mspc/independentbanker/august2018
https://www.nxtbook.com/mspc/independentbanker/july2018
https://www.nxtbook.com/mspc/independentbanker/june2018
https://www.nxtbook.com/mspc/independentbanker/may2018
https://www.nxtbook.com/mspc/independentbanker/april2018
https://www.nxtbook.com/mspc/independentbanker/march2018
https://www.nxtbook.com/mspc/independentbanker/february2018
https://www.nxtbook.com/mspc/independentbanker/january2018
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https://www.nxtbook.com/mspc/independentbanker/november2017
https://www.nxtbook.com/mspc/independentbanker/october2017
https://www.nxtbook.com/mspc/independentbanker/september2017
https://www.nxtbook.com/mspc/independentbanker/august2017
https://www.nxtbook.com/mspc/independentbanker/july2017
https://www.nxtbook.com/mspc/independentbanker/june2017
https://www.nxtbook.com/mspc/independentbanker/may2017
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