Core and Ancillary Systems

Core Systems Review

When was the last time your financial institution completed a comprehensive review of the core system and its ancillary products?

Core system contracts are very complicated documents and typically generate multiple monthly invoices. Over the term of the contract, issues such as service levels, pricing and products can change without the financial institution’s understanding or approval. We have a deep understanding of all of the major core system contracts and can identify areas where products, services and fees do not meet contractual requirements. Our review includes identifying products and services which you have contracted but could be utilized more efficiently. (Please note in some cases, our review has resulted in reduced monthly core provider expenses.)

Core System Selection and Implementation

Core system vendors are constantly changing their product and service offerings. It becomes incumbent on each financial institution to ensure its core requirements and strategic plan are adequately being supported by its core and ancillary systems. Sentinel Project Management has assisted several clients in the project of matching vendors to their current and future needs, as well as successfully managing the implementation process.

Core System Conversion

We have successfully managed the conversion for financial institutions from their current core and ancillary systems to the selected new vendor. This process is very complicated and requires significant resources from the financial institution. Typically, your staff would not be experienced in the conversion processes. SPM has completed many conversions involving all major core systems and has developed a project management process specifically for conversions. Our knowledge and hands-on experience will allow your staff to complete their normal duties while the conversion is ongoing.