Large banks have been using an automated IT financial management solution for decades and today, an increasing number of small to midsized institutions are taking the same route as well in the interest of saving time, money and hassle. IT staff at community banks and credit unions are stretched thin in today’s ‘do more with less’ banking environment. Yet, many financial institutions continue to rely on time-consuming and error-prone manual processes for IT financial management tasks such as configuring and monitoring antivirus software, server hardening, verifying backups and patch reporting.
By automating IT tasks, financial institutions can enable their IT staff to focus on proactive, value-added systems management rather than putting out fires or performing redundant tasks. An automated IT financial management solution should include:
- Efficient IT systems management – a fully integrated IT systems management solution improves management visibility, accelerates service delivery and increases team morale.
- Improved data management – integrated security management modules (antivirus, antimalware, patch, etc.) ensure data is fully protected and under control.
- Simplified compliance management – fully optimized, out-of-the box IT systems management configurations and highly customized FFIEC-compliant reports simplify regulatory compliance and virtually eliminate fines for non-compliance.
It’s essential that an effective IT financial management solution be used to mitigate risk and proactively protect and manage a financial institution’s network. The resources needed to successfully manage the ever-growing complexity of IT operations, while simultaneously addressing enhanced regulatory scrutiny, may not be available to many community banks and credit unions. Using a full-featured remote systems management tool solves this problem.
Automated IT systems management is helping financial institutions of all sizes work smarter, better and faster. As the cost of technology continues to decrease and stricter, more complex banking regulations are put into place, automated financial management solutions are becoming a necessary part of IT infrastructure at smaller community banks and credit unions.
Look for a platform that is completely integrated, where each function and module is aware of the others. Up to the minute reporting should be simple and automatic. Time and cost savings are considerable. IT administrators can then focus on the strategic business initiatives of their financial institution, resulting in and increased understanding by their executives of the business value that IT can deliver.
Download our free white paper on how to tackle IT management for financial institutions. Financial IT leaders can now work smarter, better and faster – all while doing more for less.