Facility Solutions: Your annual branch network checkup

17 things to consider as 2018 begins.

Headquarters facilities and branches represent a large capital investment and require significant operating costs. While strategic plans guide the use of these assets, the facility manager is responsible for ensuring their efficient operation day-to-day. As manager of facilities for two national banks, I quickly learned that a yearly checkup is required to stay on track. Here is a list of 17 topics critical to successful headquarters operations:

1. Bank equipment maintenance contracts can be surprisingly complex. One of my longtime associates has made a career out of analyzing existing contracts and discovering substantial savings from eliminating double charges, fees for the maintenance of nonexistent equipment, disconnects between manufacturers’ equipment proposals and local vendors’ maintenance agreements, non-competitive discounts and the like. Potential savings are significantly higher for large institutions due to scale as well as complexity.


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