We are bank analysts - not a CPA consulting firm and not a management consulting firm. Lodestone performs on site analysis using algorithms and quires that we have developed to find lost revenue. Connecting the silos, Lodestone looks at a bank's profitability horizontally, starting with branches, ATMs, electronic and internet banking, then we track all customer transactions into operations and to the core banking system. When we are done, improved earnings are seen on the banks general ledger. This level of "deep domain expertise" is the key to our 21 year record of successful recurring revenue projects.
Lodestone Banking’s extensive knowledge of core banking systems, operations, commercial and retail lending, compliance regulations and marketplace competition enable us to find the revenue other consultants cannot. We look at our client’s operations holistically, resulting in clear, cross-functional recommendations that generate measurable results. Only Lodestone improves annual revenue without cost cuts, savings, fee increases, operational savings, branch closings and FTE savings.
Recurring Revenue Analysis methodology develops an action plan for attacking and realizing each profit improvement opportunity. Our action plan consists of the following:
a. Definition of current process and business policies
b. Analysis of typical competitor
c. Profit enhancement opportunity improvement recommendations
d. Quantification of annual earnings benefit
e. Actions required to realize the projected benefit
f. Defining procedures for the bank’s general ledger and core banking system to track projected increases
More than half of all our revenue enhancement recommendations are tied to the core banking software platform. To achieve peak performance, Lodestone Banking isolates and corrects settings that are not fully aligned with our client’s business policies. Many of our company’s recommendations are quick, easy system changes that generate overlooked revenue the very next day. More importantly, Lodestone recommendations generate additional revenue year after year.
This chart shows where revenue is found.