07/20/2017

Member News

Cambridge Savings Bank Enjoys Nearly a Decade of Increased Employee Productivity with Banc Intranets

CTOO says intranet and board portal are user-friendly, convenient and made to address financial institutions’ unique needs.

JOHNSON CITY, Tenn., July 20, 2017 – Banc Intranets announced that Cambridge Savings Bank ($3.5 billion, Cambridge, Mass.) is entering its 10^th year of increased employee productivity, leveraging its BancWorks intranet and DirectorsLink board portal to manage internal communications and access to information for employees and members of its committees and executive board. Banc Intranets is a provider of secure, web-based enterprise content management solutions for financial institutions.

From the early- to mid-2000’s, Cambridge Savings Bank’s total assets increased by nearly $1 billion and its physical presence expanded in Massachusetts. By 2007, the bank’s shared network, which was used to manage employee communication and access to internal documents, policies and procedures, could no longer effectively support its growing operations. Cambridge Savings Bank began searching for a uniform set of cost-effective, customizable technologies to address its needs and after an internal review, selected Banc Intranets’ BancWorks employee intranet and DirectorsLink board portal. In addition, the bank noted that utilizing one vendor for both solutions allowed it to save on additional costs and simplify the implementation and maintenance processes.

“Working with a company like Banc Intranets, who designs its products around the needs of the financial institutions it serves, means they are responsive and understanding of any issues or ideas that we bring to them. Their industry expertise and collaborative nature has been evident throughout every step of our relationship,” said Mark Tracy, SVP and chief technology and operations officer of Cambridge Savings Bank. “Beyond that, both BancWorks and DirectorsLink have been integral in our efforts to simplify how leadership and employees share information, which allows them to focus on what matters most – serving our customers and community.”

“For more than 180 years, Cambridge Savings Bank has served as a foundation for its customers and their financial needs; that doesn’t happen by accident. It’s the result of understanding where opportunities for improvement exist and proactively addressing them,” said Mark Anderson, founder and CEO of Banc Intranets. “We consider ourselves lucky to have played a small role in Cambridge Savings Bank’s ongoing success, but all of the credit is owed to its effective leadership and the priority placed on setting new standards in operations and as a financial services provider.”

About Cambridge Savings Bank

Cambridge Savings Bank is a full-service financial institution with approximately $3.5 billion in assets that is committed to improving the quality of life in the communities it serves. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services and has branches located in Cambridge, Arlington, Bedford, Belmont, Burlington, Concord, Lexington, Newton, and Watertown. www.cambridgesavings.com

About Banc Intranets

Established in 2002, Banc Intranets, LLC is a leading provider of secure, web-based enterprise content management solutions for financial institutions. Its technology provides a single point of access across multiple devices for documents and information and centralizes employee onboarding and training, streamlining day-to-day operations for bank directors and senior managers. In addition to increasing efficiency and productivity, Banc Intranets’ solutions are developed by financial industry professionals, providing comprehensive reporting that is critical to maintaining regulatory compliance. For more information, visit www.bancintranets.com or follow the company on LinkedIn and Twitter.

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