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Operational improvement and efficiency

Identify strategies to gain operational efficiency. Improve profits.

Increase profits and elevate efficiency with lean strategies for financial institutions.

Continuous improvement services evaluate how a financial institution conducts its day-to-day business. Our experienced consultants identify opportunities to improve net income and strategies to reduce cost.

Our experienced teams map a client’s information flow, from customer demand to service delivery, focusing on information exchange, process flows, and cost drivers.

Mapping processes in a value stream creates the basis to identify opportunities for continuous improvement. By mapping these processes, clients are able to analyze the use of resources and information flow from a new perspective, saving time, energy, and resources, and reducing waste thus resulting in a smoother process.

Wipfli’s profit improvement processes often include:

  • Reviewing fee income from deposits and other sources for potential earnings
  • Making sure your systems and employees are collecting what you have disclosed
  • Using appropriate ratios to determine areas of opportunity
  • Reviewing nonearning assets
  • Ensuring optimum collection and payment of interest
  • Assessing core processing systems
  • Reviewing invoices to offer opportunities to eliminate variable expenses

Path to continuous improvement
We have your solution to overworked employees and inefficient processes.
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Video: Benefits of Co-Sourcing Your Internal Audit Plan
You don’t have to stress about making sure your internal audit plan is completed on time. Together, we work with you to identify risks, update processes and finalize your plan. Reinforce your team with the support you need to complete your annual internal audit plan with confidence.