Simmons First National Bank Capitalizes on Partnership with Integrated Legacy Solutions to Support On-Going M&A Strategy
BIRMINGHAM ALABAMA (PRWEB) JULY 13, 2015
, the leading provider of image and data migration and conversion tools to the financial industry, announced today that $7.8 billion, Pine Bluff, Ark.-based Simmons First National Bank has successfully leveraged ILS’ OmniView™ Browser and their Traditional Conversion Services for research and storage of acquired image data as part of the bank’s on-going M&A strategy.
Initially partnering with ILS in 2013, Simmons First National Bank has consistently relied on the speed and advanced design of the technology provider’s conversion tools to quickly convert acquired statements, reports, documents and check image data to either the OmniView archive or into the bank’s specific internal production systems. As the data is being converted, Simmons First National Bank additionally relies on the OmniView Browser to research data and images in an effort to lessen the impact on its customers and the import process on the institution.
Historically, a traditional data conversion can take months (or even years) to complete. However, with the help of ILS, Simmons First National Bank can now quickly and easily conduct federated searches and research, print or email images, statements and reports, without maintaining multiple legacy hardware and software systems.
“In and of itself, the service ILS provides our institution is exceedingly important as we continue to move forward with our M&A strategy,” said David Rushing, Senior Vice President/Manager Information Technology for Simmons First National Bank."
“ILS essentially takes the database we’ve just acquired and makes it viewable on our system within a matter of days. Whatever we saw in the old system is exactly what we see in the OmniView Browser and in the production system once the image data has been converted to our own system.”
“As financial institutions change systems and the M&A market continues to grow, we aim to lessen the burden of managing newly-acquired images and data by providing our customers, such as Simmons First National Bank, with the tools and services necessary to maintain business as usual throughout the conversion process,” said Kris Bishop, president of ILS. “Simmons chose our Blended conversion / OmniView approach by converting some data into their current archive system and using OmniView as a low cost alternative to housing the remainder of the data. By relying on ILS, banks not only ensure they are able to complete the conversion process in a timely, efficient and cost effective manner, but also maintain access to the data regardless of what system it originated from.”
About Simmons First National Corporation
Simmons First National Corporation is a financial holding company, headquartered in Pine Bluff, Arkansas. With total assets of $7.8 billion, Simmons conducts financial operations throughout Arkansas, Kansas, Missouri and Tennessee. Our wholly-owned subsidiary, Simmons First National Bank offers comprehensive financial solutions delivered with a client-centric approach. The company’s common stock trades on the NASDAQ Global Select Market under the symbol “SFNC.” For more information, visit http://www.simmonsfirst.com.
About Integrated Legacy Solutions
Headquartered in Birmingham, Ala., Integrated Legacy Solutions (ILS) provides industry leading technology for legacy image and data migrations and conversions to the financial industry. ILS’s leadership team has performed data conversion for thousands of financial institutions over their nearly 20 years in the business. Through its flagship product, OmniView™ Browser, efficient business model and focused expertise, ILS has designed innovative ways to “migrate” legacy data much faster and less expensive than other costly and time consuming methods of data conversion. ILS’s success is focused on 3 key areas; customer service, the business (or conversion) process, and the latest technology to convert or migrate legacy systems quickly with minimal disruption to the client’s production environment. For more information, visit: http://www.integratedlegacy.com.