Fargo, ND: February 12, 2018 – JOHO, (www.johod3.com) a premier provider of Enterprise Reporting and Analytics software, is excited to announce that First Federal Savings Bank (Frankfort, KY) and First Federal Savings and Loan of Hazard (Hazard, KY) are the newest additions to the JOHO family after signing an agreement to implement JOHO OneSource™. Both banks are part of the Kentucky First Federal Bancorp (KFFB-Nasdaq) holding company.
“Once we completed the JOHO AYR™ (Are You Ready?) business intelligence assessment, we saw the definite gains to our productivity and efficiency efforts we would realize with this reporting and analytics tool. The JOHO OneSource™ solution will provide our employees with access to all relevant data they need on demand. It will provide us the ability to track and trend important data to help develop our financial and operational strategies, customer service expectations, and dramatically improve our ability to provide timely compliance and regulatory reporting” said Don Jennings, President, First Federal Savings Bank of Kentucky.
Both banks use Finastra for Core and GL processing and were frustrated by the ways in which vital account-level data was segregated. With information located in several source systems, and a desire to have more visibility into granular account data, risk analysis, and reporting, the banks knew there was an opportunity for enhancement. JOHO OneSource™ will integrate all their data from both banks in the holding company into a central data repository and provide KFFB Chief Financial Officer Clay Hulette the ability to have quicker access to better insights into the entire loan portfolio. Additionally, the time required for Call Reporting and SEC Reporting will be dramatically reduced and automated.
“The assimilation of data from multiple systems had been absorbing an inordinate amount of the staff’s time. We are extremely excited to partner with the individual banks and Kentucky First Federal Bancorp to automate these steps and help their team members put more focus on increasing revenue, reducing expenses, improving efficiency at all levels, and driving customer relationships, service, and loyalty,” said Jim Rohde, Founder & CEO, JOHO.
JOHO, LLC is your premier solutions partner focusing on data integration, process improvement, and comprehensive business intelligence delivery to help your financial institution make better and faster data-driven business decisions. Our JOHO OneSource™ solution integrates corporate-wide data from multiple internal and external data sources into a single database, and delivers actionable information via dynamic dashboards, robust reporting, KPI Scorecards, mobile access, predictive analytics, data mining, and self-service BI reporting.
Partner and SVP Business Solutions
Director of Business Growth
Kentucky First Federal Bancorp (KFFB -Nasdaq)
Kentucky First Federal Bancorp, incorporated on March 2, 2005, is a mid-tier holding company. The Company’s subsidiaries include First Federal Savings and Loan Association of Hazard (First Federal of Hazard) and Frankfort First Bancorp, Inc. (Frankfort First Bancorp). Frankfort First Bancorp’s subsidiary is First Federal Savings Bank of Kentucky, Frankfort, Kentucky (First Federal of Frankfort). The Company operates First Federal of Hazard and First Federal of Frankfort as two independent, community-oriented savings institutions.
|R. Clay Hulette|
Frankfort Area President