Can I Sign North Carolina Banking Presentation

Can i industry sign banking north carolina presentation fast

Wilmington is a fantastic beach town here in Eastern North Carolina wonderful people down to earth everybody treats use just so nice here you see this great Carolinian charm it would be natural to underestimate a company coming from Wellington but great things can happen in small towns if you get the right people together live oak is a FDIC regulated financial institution but in terms of the traditional bank I think that's where it stops when I showed up in 2010 lab of like almost every other community bank was entirely paper-based we wanted a single system that all the folks in the bank would use every day how do you solve that problem and do it without hiring an army people what we did was put the first bank in the country completely in the cloud with Salesforce our loan duration time move for three months to six weeks our closers used to close 40 deals a year now our closers closed 60 other banks started to hear the Live Oak bank story and start to wonder how are they so efficient press started calling bank analysts started inquiring we felt like we might have cracked the code on an industry that had always struggled for efficiency gains this implementation was so successful and visibility of what we had done so significant that we wanted to create something really really special and that's how I seen I was born encino offers customers a bank operating system it's a system that is end-to-end across the bank and allows their employees to be more efficient and effective allows them to serve their customers better and allows them to ultimately be more profitable cancino is the first global ERP system for banks it provides him a single system that ties all these data sources together and essentially give them the to-do list of everyone in the bank because encino is built on sales force.com platform we didn't have to worry about data centers they provide complete security and they provide a platform that allows us to innovate and get our product down to the market quicker I would compare this to the Internet era of the late 90s when people truly transformed whole industries innovation now can happen in any place at a much faster pace encino couldn't do this without the support from Salesforce this is going to transform the industry you