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Advantages of Implementing SumxNet

With today's competitive atmosphere, it is imperative that community banks continuously look for better ways to market their bank services and to find new sources of revenue.  Implementing SumxNet answers the questions of how to generate more revenue and how to effectively market the bank's services to the community. 

Financially, the bank will benefit from providing customers with an online banking service.  The bank has the ability to increase revenue by generating user and transaction fees for the use of the bill payment product and has the option of charging an account access fee for the use of the online system.

In addition to generating revenue, the bank has a marketing tool with on-line banking.  It provides an excellent promotional opportunity to cross-sell products and attract new customers. It reduces the number of customer service calls leaving bank personnel time to focus on selling the user-friendly system.

The commercial customer will reap the benefit of a more efficient means of transacting business by the simplification and automation of weekly tasks such as payroll, bill payment and EFTPS tax payments.  They control and can securely access their accounts from various business locations.

The SumxNet intelligent Web template system supports customization of Web site design to support branding and marketing objectives, and the system features a transaction tracking and billing system, check categorization system, unlimited customer history depth, check image access and bill payment. SumxNet utilizes IBM's DB2 database, which runs under Windows NT and other operating systems.

SumxNet is a web-based solution, so it is easy to use, doesn't require specialized client software, and allows banks to embrace the latest technologies or add exciting new features without distributing updates to thousands of customers.

Key Benefits of Implementing SumxNet:

  • Increase revenue by fee generation
  • Flexibility
  • Marketing Tool
  • Attract new customers, keep existing customers
  • Reach an unlimited market area
  • Cost Cutting System
  • Greater efficiency for Bank and Customer

If a financial institution wants to increase their revenue and find a new way to market their services, SumxNet is the product to add to the bank's services.

Customer Advantages:

  • Access to banking information is worldwide, 24 hours a day, seven days a week, 365 days a year for personal and business accounts
  • Account Balances: View current account balances
  • Account History: View deposits, withdrawals, ATM transactions, point of sale descriptions for accounts, account category
  • History Export: Move account history into Quicken, MS Money and other personal finance programs
  • Funds Transfer: Transfer funds among accounts
  • Bill Payment: Pay bills electronically and categorize accounts via built in editable chart of accounts
  • Check Reorder: Place an order for an additional quantity of the most recent check order
  • Stop Payment: Initiate a Stop Payment request
  • Create & print custom generated reports for both account detail and bill payment
  • Applications: Secure applications for any New Account, CD, Loan, Mortgage, Credit and Debit Cards
  • Change of Address: Submit a request for change of address
  • View Statements: View statements as far back as 30 months
  • Automatic, customer-requested E-MAIL Watchdogs notify customers when accounts go above or below customer's defined balances
  • Special Account Control: Personal and Commercial accounts can establish multiple privilege levels allowing varied access rights on an unlimited number of accounts

Financial Institution Advantages:

  • Microsoft NT or IBM OS/2 Server - take your pick!
  • One Web Server, One SQL database Server - The Ultimate Sumx Security
  • Servers hosted on site
  • Financial Institution branded browser-based software for both Retail and Commercial Internet Banking
  • Sumx customer-oriented easy-to-use two clicks banking solution software
  • Create and print custom generated reports
  • Perform Data Mining
  • Complete Training and Support
  • Automatic, customer-requested E-MAIL Watchdogs notify customers when accounts go above or below customer's defined balances