BankStride vs. Phorest

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
BankStride
Score 9.1 out of 10
N/A
BankStride is a digital banking solution for loan exception tracking, secure document collection, loan covenants monitoring, loan portfolio management, pipeline management, construction loan management, credit risk reporting, and loan tickler tracking. By automating and streamlining loan exceptions and loan monitoring activities, Bankstride helps commercial banks save time and money, reduce portfolio risk, and close more loans. Features: COMMERCIAL LOAN…N/A
Phorest
Score 7.0 out of 10
N/A
Phorest is a salon management software platform from, from Phorest Salon Software in Ireland. The software focuses on appointments and online bookings and document management and elimination, as well as review collection, reputation management, staff performance reports, and client remarketing.N/A
Pricing
BankStridePhorest
Editions & Modules
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Offerings
Pricing Offerings
BankStridePhorest
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Best Alternatives
BankStridePhorest
Small Businesses

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Kajabi
Kajabi
Score 8.3 out of 10
Medium-sized Companies

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Enterprises

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All AlternativesView all alternativesView all alternatives
User Ratings
BankStridePhorest
Likelihood to Recommend
9.1
(1 ratings)
7.0
(1 ratings)
User Testimonials
BankStridePhorest
Likelihood to Recommend
BankStride
BankStride has saved us a tremendous amount of time and has been a key driver of growth and productivity within our company. The platform makes it easy for borrowers to submit documents, so the number of loan exceptions across our portfolio has decreased substantially. As a result, we can quickly identify pockets of risk within our loan portfolio and take appropriate steps to address areas of concern. It also makes regulatory audits and reporting much easier
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Phorest Salon Software
It's well suited if you own a salon and are looking for a software to manage all of your needs - stock/inventory, staff schedules, client bookings and rebookings. It's more salon focused than clinic focused (e.g. if you have a wellness center it's not ideal for consent forms for example). Changing staff price offering is a bit time consuming.
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Pros
BankStride
  • automates document collection
  • automates loan monitoring
  • automates risk reporting
  • loan portfolio management
  • construction loan monitoring
  • loan draw management
  • loan processing
  • secure document collection
  • loan exceptions management
  • vendor management
  • OCC compliance
  • Regulatory reporting
  • regulatory compliance
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Phorest Salon Software
  • Appointment scheduling
  • SMS Reminders
  • Rebooking SMS
  • Support
  • Managing Clients
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Cons
BankStride
  • Wish it was free
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Phorest Salon Software
  • Better UI/UX - more intuitive to use
  • Better customer service support
  • Would prefer more hand holding during onboarding experience
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Alternatives Considered
BankStride
nCino does not offer the automation features that BankStride does, which is why we went with BankStride. nCino is much more expensive (and requires Salesforce) and seems to lag a bit. It's a heavy lift for banks to implement, whereas BankStride can be implemented immediately. I believe BankStride can integrate with nCino which could be helpful, but in my opinion, BankStride is a stand alone product.
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Phorest Salon Software
Phorest is a more modern software, although it can still be more intuitive to use its much better than other options out there. I feel it works great for someone who has been using salon software for many years and wants to upgrade to something more modern, or for someone who is switching over from pen and paper to manage their appointments
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Return on Investment
BankStride
  • $17,400 saved per user per year on average
  • Approximately 290 hours saved per user per year
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Phorest Salon Software
  • More organization
  • Helped with business processes
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ScreenShots