Low Transaction Volume Branches: An Overlooked Opportunity
Defined as a branch with less than 3,000 front-line transactions per month, on average, LVBs represent 25% of most retail branch networks, yet only 8% of the total transaction volume.
This white paper white paper offers tips that can significantly reduce the negative financial impacts that LVBs are having on their branch networks, including:
Utilizing a universal associate model to optimize workflow
Adjusting hours or completely closing some LVBs
Minimizing employee idle time by relying on sophisticated employee scheduling software to assign more meanignful tasks during downtimes in traffic
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