The finance industry faces a unique set of challenges when it comes to operational logistics and facilities management. In addition to managing the flow of packages and assets across facilities, you also have to focus on ever-changing compliance regulations, maintaining data privacy, and tracking vital assets across branches. Having to constantly adapt can be difficult, especially without the right resources by your side. 

Implementing the right logistics software for your operation takes some work, but it is worthwhile in helping your team and company save money, streamline operations, and scale efficiently, all while making your days easier. We’re diving into some of the major pain points you might be facing in your operation today and how you can leverage technology to build a proactive, streamlined, and secure logistics operation.

Navigating Complex Compliance Requirements

Regulatory compliance can be a major headache for the finance industry, and managing local, national, and international regulations can be time-consuming. With compliance being tumultuous in the banking industry last year and into this year, banks and finance facilities across the country are looking to streamline their operations. With compliance requirements for GLBA, SOX, GDPR, and the new Basel III Endgame reform on the line, just to name a few, ensuring that your logistics and operations team prioritizes compliance can seem almost impossible. But compliance management doesn’t have to be as difficult as it seems! 

Now, we know what you’re thinking—how am I supposed to save money by implementing new software? While initial implementation costs play a role, the ROI for investing in not just any software but the right logistics software provides exponential cost, labor, and time savings, along with confidence in compliance and security, making sure your team doesn’t face the risk of non-compliance fines. 

Enhancing Security & Real-Time Visibility

How many times have you walked into work only to struggle to find the assets, documents, or packages you’re looking for? So many financial institutions work with manual or outdated software, resulting in a significant number of lost packages, assets, documents, and more. This isn’t just an inconvenience; it can also cause significant financial and legal repercussions for your team. Wondering how much? Our customer from an internationally known financial services firm said the following: 

“With SCLogic, we were able to prove that we never had possession of a $10 million check that went missing because we captured a signature from the UPS driver to confirm custody transfers.” – Site Manager

Yes, you heard that right—a $10 million check that would have gone unaccounted for had this customer not had real-time visibility into their operation. Logistics software like Intra is meant to give your team complete visibility into your operation. This means that every package, asset, and branch bag is accounted for, from receiving through last-yard delivery. The result? Your team will have full accountability and chain of custody, ensuring that all items get to the right destination and into the right hands. 

Prioritizing Operational Efficiency

Let’s face it: every company is looking to cut costs right now. Instead of looking at your operation from the idea of what you can remove to save money, we urge you to look at it from the perspective of what you can change to make your current operation more efficient. While an investment in software can seem counterintuitive, industry-specific operations software can help you: 

• Save you days, weeks, and even months of labor costs by automating tasks
• Cut costs or fees associated with misplaced or lost packages
• Minimize replacement and repair costs by helping you manage asset lifecycles
• Integrate seamlessly with your current tech stack and industry software
• Prevent non-compliance, helping you avoid legal fees and fines

In today’s fast-paced banking environment, overcoming these pain points is crucial for success. Logistics software offers solutions that address compliance, security, and operational efficiency, making it an indispensable tool for modern banks.

Manage Your Finance Facility with SCLogic

With close to thirty years of working specifically with the finance industry, we like to think we know a thing or two. As regulations change, your business expands, and new technology comes to the forefront, having the right software in place that makes operational efficiency a breeze is a no-brainer, and now is the perfect time.

To learn more about our finance-specific workflows and to see Intra in action for yourself – schedule a demo here. Have more questions, or just want to chat about industry trends? Email [email protected].