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Teslar Software
Software Development
Springdale, Arkansas 2,076 followers
Empowering Community Bankers
About us
Teslar is a forward-thinking technology company out of Springdale, Arkansas with a focus on software solutions for financial institutions. With the average employee having almost 20 years of banking experience, Teslar is well-positioned to help banks and credit unions in today’s tough and challenging environment. Teslar Software was founded in 2008 in the wake of the financial crisis. Most would conclude that starting a company that specializes in software for financial institutions during the banking crisis that started in 2008 would not be a wise move, but for Teslar it was, and it was this turmoil that has helped Teslar develop into a company that not only understands how to make cutting-edge software but also how to make software for financial institutions to help them navigate the current perplexing environment. From its founding in 2008 to today, Teslar has seen fantastic growth in its service offerings, the diversity of clients, and the growth in its foot print in the financial services sector.
- Website
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https://www.teslarsoftware.com
External link for Teslar Software
- Industry
- Software Development
- Company size
- 51-200 employees
- Headquarters
- Springdale, Arkansas
- Type
- Privately Held
- Founded
- 2008
Locations
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Primary
4700 S. Thompson St.
Suite A-102
Springdale, Arkansas 72764-2548, US
Employees at Teslar Software
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Ryan Esquell
Sr. Sales Executive at Teslar Software
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Jeff D. Standridge, Ed.D.
Innovator & Growth Strategist | Best-selling Author | Certified Executive Coach | Investor
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Will Nicholson
Director of Software Engineering @ Teslar Software
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Gerald Webber
Senior Account Executive- Community Banks and Credit Unions | Banking Expertise
Updates
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We are excited to announce our partnership with Bank of Franklin! Meadville, MS-based Bank of Franklin has chosen a strategic partnership with Teslar Software to become more efficient, establish consistent processes, and increase transparency throughout the bank’s operations. “We’re excited about the transparency that Teslar affords,” said Braxton Whitehead, Chief Credit Officer at Bank of Franklin. “Our team will be able to self-service their portfolios, stay on top of past dues and other items, and address issues proactively.” The decision to implement Teslar was driven by the platform’s ability to boost efficiencies, particularly in manual reporting, and improve daily operations without requiring additional staff. Teslar will also provide better tracking and analysis of loans, providing insights into portfolio strengths and weaknesses. Currently the bank’s day-to-day operations require a lot of manual reporting, and Teslar is expected to eliminate many of these inefficiencies. They anticipate that Teslar will save significant time currently spent on manual report generation, freeing up resources for more strategic tasks within the bank. Braxton adds, “We anticipate Teslar’s cost savings equivalent to at least one FTE. The reporting capabilities alone are going to free up two hours of someone’s time every morning that’s dedicated to generating reports.” The bank plans to take a phased approach to the rollout, beginning with portfolio management, reporting capabilities, and exceptions tracking. The next phase includes automating workflows for deposit operations and other tools. Initially, around 20 to 25 employees, primarily from the loan department and their support staff, will utilize Teslar. “I love technology and data analytics. I’m constantly looking at our numbers and dissecting them in different ways. If only you could see all the spreadsheets I generate. With Teslar, I’m excited to implement tools that simplify report writing and provide easy access to data.” Ryan Esquell
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Is your community bank still bogged down by legacy systems and paper-based processes? Discover how automated processes can streamline workflows, reduce the use of paper forms, and free up valuable resources for more strategic tasks. Learn how to implement RPA effectively and stay competitive in today’s landscape. Read it on the Teslar blog>> https://hubs.la/Q02L6Y3b0
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That's a wrap on the summer softball season! 🥎 We're excited to participate in the fall season starting at the end of the month. Thank you City of Fayetteville, Arkansas for hosting!
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We are excited to announce our partnership with Mountain Pacific Bank! The Everett, WA-based community bank has chosen Teslar’s technology to better serve customers, enhance services, and boost efficiencies. Mountain Pacific Bank aims to manage net interest margins and maximize efficiency by integrating technology that provides visibility of core data. With Teslar’s tools, the bank will easily track past dues, manage maturing loans, and leave notes on accounts and customers, reducing their reliance on Excel spreadsheets. “As a community bank, we are focused on better serving our customers and enhancing our services. Teslar’s platform will help us achieve these goals while allowing us to further improve our efficiency ratios,” said Kirby Duncan, Chief Credit Officer of Mountain Pacific Bank. The initial draw to Teslar for the bank was the tickler tracking tools, as well as the ability to seamlessly communicate with their borrowers for updated financials through the portal. They plan to start by implementing Teslar’s pipeline and customer portals to streamline lending processes, followed by tickler tracking tools. “As a community bank we don’t always have the technology that larger banks possess. Teslar allows us to compete with larger banks with larger IT budgets, helping us enhance our services and create efficiencies,” added Kirby.
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We’d like to thank Quadrivium Inc. for joining us as a sponsor for the 2024 Teslar User Conference! Quadrivium is also a native Springdale, AR tech company. Since their inception, CEO Clinton Bell and his team have been helping businesses focus on privacy and security with dedicated IT Management and Security teams. Quadrivium’s data protection, backup and recovery services help any organization keep its data secure. You can find Quadrivium in a wide range of industries including healthcare, financial, education and business sectors.
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The Teslar team is excited to join Minnesota bankers at the BankIn Minnesota annual convention this week! Be sure to stop by our booth to say hello to Jacob McDaniel!
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Excited to announce another partnership--First State Bank of Texas! First State Bank of Texas, a historic institution with over 114 years of service, is on a significant growth trajectory. As part of its strategy to streamline operations and scale efficiently, the bank has partnered with Teslar Software to integrate an enterprise-wide, intuitive platform that fits seamlessly into its existing systems. "Our bank has seen remarkable growth, doubling in size over the past eight years. We needed a robust system that could support our expansion and make our processes more efficient," said Brandon Fisher, Executive Vice President of First State Bank of Texas. "Teslar's platform is user-friendly and flexible, addressing our needs for exception tracking and system integration without requiring us to hire additional staff." The partnership with Teslar began with a thorough evaluation process, led by Katlynn King, the head of Loan Operations at First State Bank of Texas. "We were bogged down by manual exception tracking, which was tedious and time-consuming," Katlynn noted. "Teslar's automated solutions will free up our time, allowing us to focus on more critical tasks and handle our expanding workload more effectively." Brandon Fisher emphasized the impact of Teslar’s integration capabilities, particularly with Fiserv. "The seamless integration with our current systems means we can maintain full visibility of our financials, insurance, and other key documents. This visibility is crucial for our lenders and overall operational efficiency." As First State Bank of Texas continues to grow, it plans to utilize Teslar's full range of features, including Dashboards, Performance Scorecards, and Relationship Aggregation, to further enhance its operations. The bank’s President and CEO, Damon Vacek, also expressed excitement about the future. "Implementing Teslar now, while we are in a heavy growth phase, ensures we have streamlined processes in place for responsible and scalable growth." This partnership marks a significant step for First State Bank of Texas as it positions itself for future success. "We are excited to leverage Teslar's solutions to simplify our daily operations and bridge gaps in our tickler and collateral tracking," Fisher added. First State Bank of Texas looks forward to a productive collaboration with Teslar, anticipating substantial improvements in efficiency and operational management as they continue to grow and serve their community.
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How is Bank of Idaho utilizing Teslar’s platform to streamline workflows? Learn how they're using Teslar to improve workflows, reduce operational costs, and save time. Read the story and hear from Devan Wright on the Teslar blog>> https://hubs.la/Q02HDHgw0
How Bank of Idaho Leverages Teslar's Platform to Streamline Operations and Improve Efficiency
blog.teslarsoftware.com