Business Case for Loan Accounting System

Client Need: A regional bank requested an objective cost justification of a loan servicing software system purchase that it was considering along with some high-level feedback on its loan servicing operation.

Solution: Using a proprietary cost justification model, BenchMark delivered an analysis of the cost/benefit of a new loan accounting software system along with a high-level list of process improvement opportunities that would enable the client to fully leverage the purchase of the new software system.

Results: BenchMark identified an annual savings in excess of $300,000 with a 26 month payback for the implementation of the new loan accounting system. In addition, annual FTE savings equating to $115,000 were identified contingent on process improvement and policy changes.