Revenue Enhancement Initiatives

Earn more with TCBS add-ons

Several revenue generating third-party services can be added to Open Solutions’ products. These services offer non-traditional revenue opportunities and transform idle assets into income-producing ones. Professional Services continually identifies solutions and services which we believe offer clients creative opportunities to generate additional revenue. Currently, we offer the following:

• Premium Overdraft Protection
• Deposit Reclassification
• Vault Cash Management

Our Offerings
I. Premium Overdraft Protection
This turnkey overdraft solution is designed to generate bottom-line gains from incremental fee income. Our Advisory Services Partner works with you to define the revenue growth potential of your project and provide guidance in the areas of risk management and regulatory compliance. Our consultants then guide you through the implementation process, provide training and support. Open Solutions’ Professional Services can also work with you to develop an enhanced overdraft program. Our clients have recognized a tremendous increase in fee revenue, ensuring these programs have a rapid payback period.

II. Deposit Reclassification (DR)
Open Solutions has partnered with Ceto and Associates to offer solutions which transform excess cash held at the Federal Reserve into an earning asset. Deposit Reclassification allows financial institutions to significantly reduce reserve requirements held at the Federal Reserve, creating an immediate funding source for new loans and investments with minimal impact to your customers/members. Our consultants can assist you in implementing the TCBS interface for Deposit Reclassification so you can take advantage of new funding sources.

III. Ceto Cash Calculator (C3)
Ceto and Associates also offers a complementary solution that helps minimize cash held at financial institutions’ vaults and ATMs. The Ceto Cash Calculator (C3) is a cash management tool that enables branch managers to develop precise cash ordering and target levels to rationalize daily branch and ATM cash levels. It gives your branch management the ability to better maintain appropriate cash levels to support teller, vault and money center operations. And because they are equipped with a tool to standardize cash control systems, branch managers gain a better understanding of customer cash usage.

Outcomes
Professional Services can help you navigate through the process of selecting the right products for your institution. We can also assist you with implementation, training and support.

Benefits

• Clients report significant fee revenue growth ensuring rapid return on investment in the overdraft protection premium.
• Clients who have implemented Ceto’s DR solution have reduced their idle reserves by up to 75 percent.
• On average, C3 has decreased vault cash levels by 15 percent

Pre-Conversion Best Practices | Operational Reviews

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Revenue Enhancement Initiatives | Platform and Infrastructure Services

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