AI Automation Report for First Horizon

First Horizon Bank is a leading regional financial services enterprise providing comprehensive retail, commercial, and wealth management services. The company offers a wide array of products including personal checking, mortgages, small business loans, and sophisticated treasury management for large corporate clients. Operating as a major player in the banking sector, it combines traditional banking values with modern digital platforms to serve diverse customer segments. Their industry positioning is characterized by a strong regional presence in the Southeastern US, offering specialized financial advisory and risk management services.

https://www.firsthorizon.com
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Yearly Cost Savings
$1,182,380

potential annual savings

Yearly Time Savings
11,767

hours/year automatable

Processes Analyzed
8

business processes

8
Process Areas
8
Sub-processes
40
Automatable Tasks
0
Fully Autonomous

Your Automation Opportunity

By automating 40 tasks across 8 sub-processes in 8 process areas, you could save approximately 11,767 hours/year and reduce costs by $1,182,380/year.

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Savings by Organization Level

Breakdown of automation potential by role level, with differentiated hourly rates.

👔

Executives

VP, Director, C-Level

Hours/year3,428
Rate$150/hr
Savings$514,125

Roles included:

VP of Lending OperationsVP of Retail BankingMarketing Coordinator+9
📊

Managers

Manager, Lead, Supervisor

Hours/year3,724
Rate$95/hr
Savings$353,799

Roles included:

Loan Processing ManagerOnboarding ManagerImplementation Manager+7

Specialists

Senior, Architect, Consultant

Hours/year867
Rate$125/hr
Savings$108,338

Roles included:

Account SpecialistImplementation SpecialistData Specialist+2
💼

Contributors

Analysts, Agents, Assistants

Hours/year3,748
Rate$55/hr
Savings$206,118

Roles included:

Loan ProcessorSystem AdministratorOperations Clerk+13

Savings by Role

Benchmarks based on similar Banking / Traditional Finance companies in 🇺🇸 United States.

Chief Risk Officer$65,700
VP of Customer Experience$63,900
VP of Lending Operations$59,963
Chief Information Officer$58,725
VP of Human Resources$55,913

Processes Identified

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