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Financial Management

Improve strategic planning and performance management through innovative, hosted tools.

Financial institutions historically operate from simplistic budget planning systems such as Excel® spreadsheets, but these require manually intensive effort to maintain and build forecasting projections. As your institution grows, your needs increase. This is especially true in the ever-changing regulatory environment where true financial management is evolving with the inclusion of risk management analytics. What if you could simplify the strategic planning process and forecast the balance sheet more effectively?

FORECASTING AND FINANCIAL REPORTINGSM (FFR)

FFR is an ideal solution for institutions in need of a comprehensive and flexible budgeting system. Working with FFR, you can:

  • Utilize files transferred from any core operating system to do top-down, bottom-up, or combination budgeting.
  • Build various what-if models to test and compare projections with various scenarios.
  • Convert your forecasted model of choice to an operating budget.
  • Gain a forward view of balance sheet risk management through future integration of CECL category loss rates into your projection module.
  • Improve security through a hosted solution that eliminates the need for extra staff.
  • Simplify the budgeting process by receiving continuous accountability and buy-in from front-line managers throughout the organization.

Financial reporting shouldn't be a time-consuming, tedious chore. Using FFR, you'll have the tools to create effective standard, custom, and color graph reports with less work. A report grouping tool then makes it easy to automatically update customized financial report packets for distribution.

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PERFORMANCE SCORECARDSM

Today, there are significant challenges in most incentive systems. At the same time, employees remain vital to your organization's success. With Performance Scorecard, you can manage and reward for performance using a single integrated tool and say goodbye to in-house spreadsheets. Your executives and users will be able to streamline and automate the tracking of results and get timely updates on performance. You'll also gain insights into enterprise-wide, department, and individual achievement all in one convenient system.

With Performance Scorecard at your fingertips, you can view and monitor crucial measurables like:

  • Branch performance
  • Department performance
  • Individual performance
  • NIM
  • New loan activity
  • Portfolio profit and more

RELATED RESOURCES

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