Why Banks Are Leaving SharePoint And What They're Choosing Instead
Banks and credit unions across the U.S. are steadily moving toward a SharePoint alternative for banking. For some, it's about user adoption. For others, it's compliance, search, or simply keeping up with change. Whatever the reason, the message is clear: what once felt convenient no longer works - or what "we're already paying for" has become the SharePoint trap.
It's Not a Backlash. It's a Quiet Migration.
Most institutions aren't loudly rejecting SharePoint - they're quietly replacing it. One department at a time. HR first. Then compliance. Then operations. It starts with frustration and ends with a better way to work.
Common Reasons Institutions Make the Switch
- Internal teams can't find documents - even when they know the file name
- Policies require acknowledgment and attestations - SharePoint can't track them natively
- Workflow automation depends on Power Automate - and breaks when Microsoft updates
- IT teams spend more time fixing SharePoint than improving internal tools
- Audits and compliance reviews take longer than they should
What Banks Are Choosing Instead
Some institutions are moving to open-source or wiki-style systems. Others are going back to shared public drives. But more and more are choosing intranet software purpose-built for banking.
SimplifyIT offers secure, compliant intranet tools designed specifically for regulated financial environments. No plugins. No duct tape. No surprises.
It's Okay to Outgrow a Tool
SharePoint served its purpose for many institutions. But when staff can't use it, or auditors don't trust it, or IT can't fix it fast enough - it's time to move forward.
Modern intranet platforms aren't just easier - they're built to handle your specific challenges: internal policy access, role-based permissions, automated workflows, and searchable archives auditors actually like.
Common Questions
Do we have to fully migrate off SharePoint?
Not necessarily. Many banks use SimplifyIT alongside SharePoint, phasing out internal usage while retaining legacy file storage or external sites.
What's driving the trend away from SharePoint?
IT overhead, poor user adoption, and compliance gaps are key. Institutions want tools their employees actually use - and that auditors can trust.
Is SimplifyIT just easier to use?
Yes. It's built specifically for non-technical staff in banks and credit unions. No SharePoint training required, no Power Automate workarounds.
