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How Greenshades Transformed First Century Bank's Payroll – Case Study

Lauren DeBisschop
Aug 4, 2023
5 min

Learn how First Century Bank transitioned from a legacy system to experience enhanced efficiency.

First Century Bank, a family-owned bank in Tennessee, has been serving the community with personal and business banking services for years. With over 100 employees and seven additional locations, their commitment to their customers runs deep.

When the bank's current ERP provider announced it would no longer support the payroll module, First Century Bank (FCB) needed to find a modern and efficient system that could meet their unique requirements. After careful consideration, they found the perfect partner in Greenshades, a move that transformed their payroll and HR experiences.

Payroll Challenges for First Century Bank

First Century Bank faced several challenges that compelled them to switch payroll and HR providers:

  1. End-of-Life for Jack Henry: The bank's reliance on the payroll system within their Jack Henry financial suite had to come to an end as the ERP provider announced that module’s retirement in 2023.
  1. Industry-Specific Processes: With unique industry-specific processes, FCB needed a partner capable of configuring the solution to align with their needs.
  1. Desire for a User-Friendly System: The antiquated payroll system within Jack Henry lacked intuitive features and user-friendliness, hampering the day-to-day operations of the bank's payroll and HR staff.

Increasing Efficiency and Driving Growth with Greenshades  

After an extensive search, FCB chose Greenshades as their ideal payroll and HR solution provider. They implemented the Greenshades Payroll and HR Plus Platform, which offers the flexibility and configurability required to accommodate their specific payroll processes.

Visibility of Payroll Data

The bank experienced enhanced visibility of payroll data through an intuitive dashboard that provides real-time, comprehensive information. This significant improvement not only streamlines finance-specific payroll processes but also enhances accounting operations, making it easier to manage payroll accruals and other financial aspects.

Freedom to Prioritize Growth

With Greenshades' solution, automation capabilities, and streamlined budget-building processes, the bank can strategically forecast more efficiently plan for raises. As a result, the team shifted their focus from routine administrative tasks to more strategic growth objectives, driving the bank's progress forward.

Empowering Employees with Self-Service

The implementation of easy-to-use self-service portals empowers staff to independently manage their pay, enroll in benefits, and perform other essential tasks. This feature not only increased efficiency but also enhanced employee satisfaction and engagement.

Streamlining Time Tracking

Greenshades transformed the bank's time tracking process, turning it from a multi-step and time-consuming operation into a streamlined process that now takes mere minutes. This increased overall efficiency and eliminated unnecessary complexities, allowing the bank to allocate more time and resources to other critical areas of their business.  

Selecting Greenshades for the Future of Payroll  

First Century Bank's solution partnership with Greenshades has revolutionized their payroll and HR experiences, equipping them with the tools they need to thrive in the modern financial landscape. With Greenshades' user-friendly and configurable solutions, the bank can confidently navigate the future and continue their tradition of serving the community with excellence.

Read our full case study with First Century Bank to learn more about their experience and how Greenshades transformed their payroll and HR processes for the better.

Read Case Study
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