Strategic Facility Planning
Our Strategic Facility Planning process is a holistic, systematic approach that begins by aligning with your institution’s overall strategic plan.
Working closely with your Management Team and/or Board of Directors, we identify priorities, establish goals to address them, and develop strategies to achieve those goals. Each goal and strategy will have detailed deadlines and responsibility assignments. Our plan emphasizes accountability as we guide you through the quarterly activities and tasks outlined in the 3–5-year roadmap to ensure that the plan is actively implemented, on time, and within budget.
Data-informed; Experience Enhanced
In addition to the strategic and financial objectives of the institution, the plan will be built on a comprehensive analysis of branch financial transactions, third-party demographic and lifestyle data, as well as market and competitor data.
A detailed assessment of current facilities will be conducted to evaluate branch experience, branding, branch flow, sales conversion, and technology integration.
We will also analyze possible target market areas for deposit and loan potential, as well as the breakeven analysis of potential branch investments. This may involve site selection and real estate services to identify suitable branch and ITM/ATM locations.
While data serves as a guide, recommendations are informed by experience and expertise. Most importantly, the strategic vision of your management team and board establishes the course. Budget and schedule constraints will steer the development of a practical and achievable optimization strategy.
A Roadmap to Success
The result is a structured, managed, and successful transformation for growth and sustainability. The deliverable is a realistic, achievable, measurable plan that we will deliver and review with you in great detail. It will cover all branch locations, existing and planned, and a proposed schedule and project list for the branch network. Following approval, we will work with you to implement the plan quarter by quarter to deliver the plan on time and in budget.
Contact us today to learn how to use data to drive your institution’s success.
Asking questions about your facilities and never getting answers or falling short on follow through will cause your branches and main office to stay “as is.” Status quo is not the answer. Strategic Facility planning is!
