---
title: We did the Math - Cutting Branch Operating Costs
description: It's no secret, the branch network is expensive, but consumers still prefer personalized advisory services. Here's a proven way to cut operating costs.
image: https://info.kinective.io/hubfs/WDM%20blog%20img.jpg
---

## WE DID

# THE MATH

## So, you don’t have to! See how you can save money ON BRANCH OPERATING COSTS.

## IT'S NO SECRET, THE BRANCH NETWORK IS EXPEN$IVE.

### Branch networks represent the most costly banking channel offered by banks. The traditional branch costs roughly $2-4 million to set up and another $200,000-400,000 in operational costs per year. (Mercator Advisory Group) So, of course, banks are trying to steer customers toward digital tools.

### But consumers still prefer the personalized advisory services offered [within branches](https://www.reuters.com/article/us-usa-banks-branches-idUSKCN10X0D6?utm_source=nextdraft&utm_medium=email).

![We Did The Math Infographics-B-01](https://info.kinective.io/hubfs/We%20Did%20The%20Math%20Infographics-B-01.jpg "We Did The Math Infographics-B-01")

### Sources:[ Capco](https://www.capco.com/Intelligence/Capco-Intelligence/Insights%20for%20Investments%20to%20Modernize%20Digital%20Banking), [Celent](https://www.celent.com/insights/841383759?hsCtaTracking=1d16a8a0-74e0-4636-bf2b-d0fdc5147fb0%7Cf8491c16-b74c-4b02-9832-7865220d40a7)

# BUT THERE IS A PLUS SIDE...

![We Did The Math Infographics-B-04](https://info.kinective.io/hubfs/We%20Did%20The%20Math%20Infographics-B-04.jpg "We Did The Math Infographics-B-04")

### A financial institution headquartered in Georgia, with an $8.5 billion asset size, found tremendous savings as it implemented CFM's S4+Norm core integration software in 31 of its branch locations using teller cash recyclers (TCRs). Here’s what they found:

### With an average of 3000 transactions per branch each month they saved upwards of 3 seconds per transaction through CFM’s software. That’s almost 250 hours/year saved in client transaction time.

### Even more interestingly, each branch saved 17.5 minutes in each teller’s end-of-day balancing.

# LET'S SAY YOUR FI ENJOYS THIS SAME SUCCESS

### This financial institution saved 3,465 minutes in wage expenses DAILY, which is 16,516 hours per year.

### With an average full-time employee base pay of $17.50, you would save $289, 030... simply by using CFM integrations across 30+ branch locations using teller cash recyclers (TCRs).

# A SOLUTION YOU CAN COUNT ON.

### CFM enables best practices for recruitment too.

### Shorter hours and job satisfaction can increase productivity while [decreasing turnover rates](https://academiccommons.columbia.edu/doi/10.7916/D8DV1S08#:~:text=Job%20satisfaction%20is%20inversely%20related,the%20magnitude%20of%20this%20relationship.). The costs involved with [losing employees](https://www.americanexpress.com/en-us/business/trends-and-insights/articles/the-high-cost-of-employee-turnover-scott-allen/) can be difficult to calculate but steep. Cost of hiring new staff can easily [exceed $4,000](https://www.shrm.org/hr-today/news/hr-news/pages/shrm-benchmarking-report-$4,100-average-cost-per-hire.aspx), and that’s before their annual salary & benefits. Branches that operate more efficiently can find that they no longer need to hire. Reallocate 50% of a full-time employee’s hours to high-value activities with RTA (Remote Transaction Assistant).

![We Did The Math Infographics-B-03](https://info.kinective.io/hubfs/We%20Did%20The%20Math%20Infographics-B-03.jpg "We Did The Math Infographics-B-03")

### SCHEDULE TIME TO TALK WITH YOUR INTEGRATION SPECIALIST.

[ LET'S TALK ](https://meetings.hubspot.com/jake-landi)

### WANT TO DO THE MATH FOR YOURSELF FIRST?

[ DO THE MATH ](https://info.whycfm.com/cfm-roi-calc?hsLang=en)

## WHAT DOES CFM BRING TO THE TABLE?

## Visualize what CFM's core integrations can do for your branch's efficiency & client experiences.

[ Learn more about CFM ](https://info.kinective.io/banking-software/who-is-cfm-and-why-should-you-trust-us-with-your-branch-technology?hsLang=en)