through process improvement and refinement
Defining, deploying and improving a strong business process can be an effective strategy to save money, increase staff efficiency, eliminate waste, and create a competitive advantage. We've worked with many organizations who are looking for ways to increase their business income, but often overlook the importance of running an efficient and lean culture. In almost all cases, each of our clients, no matter the size, realized a cash-on-cash return of five to seven times the investment dollars and energy put into the project. In addition, most of the time, the savings were an annualized savings result.
"In anticipation of an acquisition, Veritex Community Bank needed to thoroughly review it's processes and procedures across the organization. Based on my previous experience at a former employer, I knew exactly who to recommend - Extraco Consulting! Once the acquisition was public, we expanded our project scope to include the acquired bank's operational departments in order to assist with combining and streamlining the merger. The acquired bank was on a different core and Extraco's experience with various core providers helped us determine the best course of action in addition to their expertise in removing waste from our processes and procedures. We truly value their insight and consider them a valued partner."