Evaluating Your Current Technology Structure

Presenter: Michael Wofford

Duration: 1 hour

Price: $249 / $199 for Affiliation Members

Technology is a vital part of every community bank’s strategy for success— it is the driver of efficiency, performance, and bottom-line difference at many banks. To ensure your bank receives maximum benefit from its technology and operations investments, you need to be certain that people, process, and technology are effectively aligned.

Join this educational session to examine strategies for evaluating your current technology structure, related operational costs, and ways to manage technology costs. We will discuss how to:

• Consider your vendor in the current market of core providers.
• Measure your technology costs position
• Evaluate your current core vendor contract along with ancillary applications (e.g., ATM/EFT provider, electronic banking provider)
• Plan your technology structure over the next 3 to 5 years

BIO: Michael Wofford

Michael Wofford is a Senior Technology Consultant with Sheshunoff Consulting + Solutions with over 35 years of experience in financial institutions, public accounting, and consulting. He has led financial institution consulting engagements throughout the United States in technology, operations, transition management, and financial reporting.

Michael has extensive experience with technology project management, with over 10 years of leading transition, implementation, and conversion projects. He has also assisted numerous financial institutions with developing three-year technology plans and is a specialist in leading core system selection projects. In addition, he has successfully managed projects related to workflow analysis, process improvement, re-engineering, and process redesign.

Other technology projects that Michael has managed involved the implementation of check imaging in item processing operations, including marketing this service to the bank’s customer base. He has also worked with organizations to realign their financial reporting, with a focus on managing by geography, division, or line of business. Additionally, Michael has facilitated the planning process for strategically integrating document imaging throughout the bank’s operations.

In addition to his client work, Michael is a regular contributor to SC+S publications and speaks at financial conferences across the country.

Michael is a licensed CPA in South Carolina and has an MBA degree from the University of South Carolina.

Continuing Professional Education Credit

Delivery Method: Group Internet-based       CPE Credits: 1
Program Level: Overview       Prerequisites: None       Advance Preparation: None

Sheshunoff Consulting + Solutions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasbatools.com.

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