(Length: 19 pages)

November 29, 2005

Driving Sales Through The Branch Network

by Cliff Condon

with Martha Bennett, Mary Pilecki, Elena Giovannini, Ashara Giordanelli


Executive Summary (This is a document excerpt)

Bank executives are investing in branches to drive greater product cross-sell through their brick-and-mortar channel. But making the transition from transaction-based branches to sales-oriented ones will require large-scale change. In addition to reworking the physical layout, changes in staffing, technology, and processes will be necessary to turn branches into a sales engine for the organization.

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TABLE OF CONTENTS

NOTES & RESOURCES

itemBankers Look To Branches To Drive Sales

itemBankers Learn To Love Their Branches, Again

itemChange Is Needed To Deliver On Sales

itemBranches Remain Central To Sales Strategies

itemBut Today's Network Struggles To Drive Product Sales

itemBranch Design Begins With Staff, Technology, And Process

itemStaffing Must Shift Toward Sales And Away From Service

itemTechnology Supports Sales And Self-Service

itemAccount Processes Need Reworking To Maximize Sales Efforts

itemBranch Layout Delivers The Customer Experience

itemArrange Components Into Branch Prototypes Based On Customer Segments Served

recommendations

itemBuilding Branch Design Into Distribution Strategies

itemSupplemental Material

Forrester interviewed 26 retail banks and key vendors, including: ACI Worldwide, Advantage Branch Systems, Dalziel & Pow, Diebold, Fitch Design, IBM, Level Four, NCR, Siebel, SPSS, and Wincor Nixdorf.

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itemThe ATM Functionality Quandry

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itemThe Bank Branch User Paradox

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itemReorganizing The Branch For Sales

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Analyst: Cliff Condon
Technology: Direct Marketing, Marketing & Advertising, Relationship Marketing
Industry: Financial Services, Financial Services Customer Relationship Management, Financial Services Marketing, Retail Banking
Geography: Europe

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