The Challenge

Time Federal Savings Bank is a $420 million financial institution with an emphasis in residential mortgage lending and deposit accounts. When they were notified by their core software vendor that they weren’t going to support their customers after 2006 they were faced with finding another software provider that could meet their needs.

The Strategy

After gathering the system requirements from the Time Federal team, Wipfli acted as project manager setting up a defined measuring system with weighted criteria to thoroughly evaluate four different software solutions.

The Results

Through our thorough and organized process, a new software vendor was selected before the deadline and the project was completed under budget.

• The Board of Directors was satisfied with the due process for this significant investment.
• Timing was critical because Bank leadership needed to focus on their next big project of building a new corporate office.
• Time Federal successfully negotiated a price reduction with the software vendor with Wipfli’s guidance.