SimplyBank Adopts KlariVis to Lead Its Data Analytics Initiative

KlariVis, a unique and exclusive information investigation programming stage created by investors for brokers, announced that, Tennessee based SimplyBank chose KlariVis as its information examination stage to give every day experiences into their high-esteem client information across the association. The bank, with roughly $685 million in resources along with its mutually claimed sister association Community National Bank, works a joined 13 retail branches across five Southeast Tennessee and two Northwest Georgia regions.

In recent years, SimplyBank has rolled out a few huge improvements all through the association going from senior and chief initiative changes, to item and cycle enhancements, with the most huge being in 2021 meeting up with its sister association Community National Bank. These progressions left the association battling to get to their groundbreaking information effectively while likewise keeping up information respectability.

“We are making strides in ensuring data integrity,” states Cara Roberson, CFO at SimplyBank and Community National Bank. “But we still need that critical reporting piece to allow us to easily access the right information to run the business effectively and efficiently.”

Previously, the bank utilized a third-party reporting system, but the program fell short on delivering a comprehensive understanding of the needs of bankers. “The fact that KlariVis was designed by people who know banking, that was one of the biggest differentiators,” said Roberson. “Knowing the KlariVis team’s experience in the banking industry gave us confidence that they understood the types of reporting our team needs to see.”

KlariVis enables network monetary foundations, everything being equal, to work all the more effectively by accumulating high-esteem information and conveying it in intelligent and pictured dashboards that are refreshed day by day. The high level revealing capacities offer an all encompassing perspective on the whole association. With KlariVis, financiers presently can rapidly and definitively decipher information at the branch, market, official, item and client levels making a more vital and smoothed out association.

“Our leadership team is comprised of veteran community bankers who understand the challenges bankers face every day in accessing and interpreting their data” said Kim Snyder, Founder and CEO of KlariVis. “We developed KlariVis with these specific banking needs and challenges in mind. With KlariVis, banks of all sizes can easily access their transformative data and quickly analyze it to make actionable decisions that will drive overall profit.”

KlariVis’ ability to provide insight into key performance metrics such as loan and deposit revenue growth, marketing and sales efforts, and customer engagement were another key selling point in SimplyBank’s decision to partner with KlariVis. “It will be extremely insightful to have reliable data in a dashboard format so our managers can easily see the key performance indicators they need in order to effectively manage their departments,” said Roberson, adding, “The platform’s readily-available reports will exceed our needs without requiring us to manipulate the data and ask for time consuming custom reports to be built.” Put “simply”, KlariVis allows SimplyBank to focus on strategic decision making rather than cumbersome report writing.

About KlariVis

Created by veteran community bank executives, KlariVis was developed to enable institutions of all sizes to access their transformative data in an efficient way, interpret it, and act decisively on it. The KlariVis team has more than 100 years of community banking experience and aims to provide financial institutions with a data analytics platform designed to solve the data conundrum that is prevalent in the industry today.

About SimplyBank

SimplyBank is a premier provider of community banking and financial services based in Rhea County, Tenn. Deeply-rooted with 130 years in operation, SimplyBank today operates across five Southeast Tennessee counties and offers retail consumer and business banking solutions at seven full-service branch locations, including: Benton, Tenn.; Dayton, Tenn.; Decatur, Tenn.; Harriman, Tenn.; Rockwood, Tenn.; Spring City, Tenn.; and south Dayton, Tenn. SimplyBank also operates loan production offices in Cleveland, Tenn., and Knoxville, Tenn. Pairing hometown service with state-of-the-art technology, SimplyBank offers customers round-the-clock options at its convenient ATM locations and via the SimplyBank mobile banking application. SimplyBank is an equal housing lender and member FDIC.