The Four Pillars of Teslar
Teslar is a SaaS solution that creates highly efficient banks. Improving efficiency ratios is one of the main reasons banks choose to partner with us; banks that use Teslar typically have an efficiency ratio that is 14% better than their peer group. Teslar was designed from the ground up to save bankers time, improve accuracy of data, and increase efficiency by making information more accessible for financial institutions of all sizes. We accomplish this through what we call our Four Pillars: empowering community bankers, integrating multiple systems, streamlining processes, and making it scalable. These four pillars underpin all 20+ modules in Teslar and ensure our customer base that they have a solution that will work today and into the future, regardless of the regulation environment or size of operations.
Custom built processes and workflows built to industry best practices around how you do business.
Enabling staff—from lenders to the CCO—to get the answers they need to get the job done today.
Annual Loan Reviews
Annual loan reviews, term loan reviews, largest borrower reviews. It has many names, but the need is the same. Identify the borrowers who need it, get updated documents, review the situation, and make any suggestions on the credit. It can be a lot of work for something that you hope changes nothing. With Teslar, this process becomes semi-automated and manageable. Let Teslar auto identify the loans, create workflows for the steps, manage expectations, and send out consistent reviews for management approval all while keeping everyone informed of what is due and where everything is.
Teslar’s Construction Management module makes managing construction projects easier than ever. We can help you streamline your entire workflow, from funding and setting up inspection schedules to requesting and imaging loan draws. With Teslar, and the accompanying mobile app, all aspects of the construction loan process are contained within a single system, saving you time and allowing you to focus on your customers, not paperwork.
Teslar’s Criticized Loan Engine has the unique ability to auto-identify and group any relationship that needs to be included. All of this is possible because Teslar monitors every loan classification code and pulls in downgraded items to the criticized group automatically. Once identified, loans are included in the criticized loan workflow where Teslar does as much of the heavy lifting as possible, including collecting and documenting account information, payment history, and classification history, leaving the oﬃcer to fill in the narrative and submit.
The process of managing exceptions doesn’t have to be a drain on your resources. Unfortunately, many financial institutions spend a large portion of their time tracking, documenting and satisfying exceptions by relying on spreadsheets, shared drives and outdated reporting tools that, at the end of the day, may not even give an accurate picture of their situation. Teslar has a comprehensive toolset to make this process a breeze, empowering your lending staff to reach their full potential by minimizing the time and effort required to manage exceptions.
Internal Loan Review
With Teslar’s Internal Loan Review, users can easily filter down to any loans that they want to be reviewed and add them to a new or existing loan review. Customizable outputs allow different types of reviews; a consumer loan review can not only ask completely different questions than a commercial real estate review, but also provide a totally different export designed for ease of reading based on what information your bank feels is most important. When a review is finished, a customizable summary of the report allows you to send out what exceptions need to be added or removed for any loans in the review, or show what loans have had drastic risk fluctuations, or much more.
Effective portfolio management is a vital bank process. Teslar provides an intuitive and efficient means to manage potential risks in the loan portfolio. Loan portfolio managers can quickly identify loans that need to be addressed, therefore spending their time working on the issues, not trying to find them.
No matter their size, every bank has workflows and forms. The difference is how that bank scales their workflows as they grow. Do they add more people, or do they optimize the process? At Teslar, we sit with each client to understand the process and to custom tailor a workflow that works for their group. From Risk Rate changes to File Maintenance, Teslar can help your bank keep everything electronic, on time, and allow for perfect visibility into your operations.