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Financial Services Sector Invests in OnBase

Credit unions, lenders among the latest to choose ECM software suite to address regulatory, efficiency and customer retention concerns


News provided by

Hyland Software

Feb 16, 2010, 01:33 ET

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CLEVELAND, Feb. 16 /PRNewswire/ -- After a tough couple of years, the financial services industry is getting back on track. For credit unions, lenders and banks, this means refocusing on three of their top challenges: compliance, productivity and customer satisfaction. As they look for answers, they're learning that they must do a better job of managing their content and processes. Because it's a technology proven to help meet their needs, more than 200 financial services organizations chose the OnBase enterprise content management (ECM) software suite in 2009.  

(Logo:  http://www.newscom.com/cgi-bin/prnh/20090130/65710LOGO )

"Financial organizations know what they have to do, but they're still exploring how to do it," said Sam Mazzola, director of financial services for Hyland Software. "Now that the industry is beginning to recover, it can once again focus on addressing other challenges. Fortunately, many have already identified ECM as a foundation for the solution to many of their problems. In the case of OnBase, what makes it so attractive is that it doesn't just do these things – it's been doing them successfully for financial services customers for nearly 20 years."

Below are the three most recent financial institutions to choose OnBase:

GreenStone Farm Credit Services – East Lansing, Mich.

One of the nation's largest rural lenders, GreenStone provides financial services to the agricultural industry. It currently serves more than 18,000 members across 37 branches. GreenStone works with Authorized OnBase Solution Provider Naviant.

Lake Michigan Credit Union – Grand Rapids, Mich.

The largest credit union in Western Michigan, Lake Michigan Credit Union has more than 150,000 members served across 27 locations and 71 ATMs.

Patelco Credit Union – San Francisco, Calif.

Patelco Credit Union is one of the largest in the nation. It was founded in 1936 to serve the employees of the Pacific Telephone & Telegraph Company. Today, its membership has been expanded to more than 290,000 members, which include the employees of over 1,000 small and large businesses.

To learn more about Hyland Software's financial services solutions, visit http://www.Hyland.com/financial.

About the Hyland Software solution, OnBase

One of the largest independent software vendors in the world of enterprise content management (ECM), Hyland Software is the developer of OnBase. An award-winning suite of document management and content management solutions, OnBase has a proven record of solving problems resulting from time consuming, costly and error plagued manual tasks. Today, people at more than 9,000 organizations both large and small in 60 countries have the time to do the things that really add value thanks to OnBase. Available on-premises or as software as a service (SaaS), OnBase installs quickly, cost effectively and is designed to grow with organizations. To learn more, visit www.OnBase.com.

Join the conversation – follow Hyland Software on Twitter

Media contact:

Kaitlin Maurer

(440) 788-6833

[email protected]  

SOURCE Hyland Software

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