Southern Bank of Tennessee and Teslar Software announced their partnership to strengthen the bank's lending strategy, boosting automation, efficiencies and transparency across the organization. The community bank plans to leverage Teslar's technology to support their growth goals, which includes increasing their portfolio by over 10% each year. "We are deeply rooted in building quality, long-lasting relationships and delivering personalized solutions that meet the needs of the communities we serve. With Teslar, our team will spend less time on manual operations and more time streamlining information to the lenders that will allow them to work more efficiently." "Teslar's ability to quickly create comprehensive, up-to-date reports will save our lending operations team up to one week per month of manual work," said Justin Cary, president and chief credit officer of Southern Bank of Tennessee.

Teslar Software announced the launch of its indirect lending solution, which empowers community financial institutions to offer indirect lending services to local business and consumers in a way that's quick, efficient and digitally optimized. "Traditionally, many community financial institutions have shied away from offering indirect lending, which is a missed opportunity" Teslar Software is helping community institutions fill the gap that currently exists for medium sized purchases with its indirect lending solution. Teslar's indirect lending product allows community institutions to partner with local businesses to offer financing options to their customers for purchases like power sports, outdoor equipment, lawn and garden, furniture and more. Institutions can extend their presence further into the community and drive more loans back to the institution. Plus, the end customer gains an easy, convenient way to access financing through a trusted, local financial institution.