Name - Sonam Kharwar Roll No - 51: PGDM (B&F)
Name - Sonam Kharwar Roll No - 51: PGDM (B&F)
Name - Sonam Kharwar Roll No - 51: PGDM (B&F)
• ROLL NO – 51
• PGDM (B&F)
WHAT IS INTRANET &
ITS USES IN BANK
WHAT IS INTRANET…..?
• The term Intranet is derived from two words: ‘Intra’ which
means within and ‘Net’ which group of interconnected
computers.
• Intranet are predominantly used by employees to search for
information, communication across an organization, and
manage workflow.
INTERNET V/S INTRANET
Internet Intranet
As stated, the Internet is a globally connected Because of a limited range, the total numbers of
network; users' number is comparatively much users on Intranet are limited. When compared to the
higher than Intranet. Internet, Intranet has very few users.
Anyone can access and use it. Only certain people are authorized to use Intranet
because it is a company's internal network, so
accessible by the employees or admin who have
login credentials.
The Internet is a type of public network. The intranet is a type of private network installed
mainly for any organization operations.
The Internet includes several intranets. The intranet is like a subset of the Internet. Intranet
can only be used using the Internet but with certain
restrictions and security practices.
USE OF INTRANET IN BANKS
A bank intranet is an indispensable tool, which helps staff better collaborate, engages and involves
staff, promoting your culture and company values along the way. It also gives your employees the
tools they need to perform their jobs efficiently.
• Personalize Your Navigation:
Include global navigation (i.e. available on all pages) on your intranet, and use Mega Menus.
• Create Useful Financial Sites:
It's important that your intranet have useful and helpful resources all staff can use, including
even part time, front-line staff.
• Help Employees Connect & Collaborate:
Many banks have multiple branches across several different geographic locations, which can
make communication and collaboration among staff a challenge.
• Coordinate Special Projects:
Many banks are often working on several projects at once. Project Sites facilitate
communication and collaboration by providing a central area on your intranet where employees
involved in the project can work together digitally.
Case Study (Intranet in Banks)
REDWOOD CAPITAL BANK
This California-based bank with multiple locations went from no intranet and paper-based
forms, to centralized documents and proper forms with workflows - and resultant time savings.
• Automatic Time Savings
How Redwood Capital Bank went from inefficient manual paper-based processes to
streamlined automated workflows with IC Source.
• Purpose
Putting a system in place that would allow the bank to organize and centralize resources,
streamline manual paper-based processes and improve poor communication with a single
platform that all employees could easily use.
• Solution
From centralizing documents to automating workflows, Redwood Capital Bank was able
to streamline slow, manual paper-based processes to improve efficiency and organization.
CONCLUSION
• Employees Stay Informed with Improved Communications
Redwood Capital Bank’s intranet, named Bank Net, also improved staff communication.
Important company information was shared on the intranet Home Page using the
Company News and Blogging applications, so staff knew to login to the intranet daily to
stay informed. This significantly reduced the amount of emails sent within the bank, and
ensured all staff were on the same page.