This article will focus on how what you should be looking for in the Best Performance Management Tools for Credit Unions.
What is Corporate Performance Management? According to the Harvard Business School, performance measurement focuses on four main areas:
- Communicate with external investors to ensure that a firms’ securities are fairly priced and that they are able to access capital
- Measure and Evaluate a firms’ economic performance
- Improve resource allocation and strategy implementation within a firm
- Build Accountability for performance through effective external and internal governance
The emphasis of this article will be on improving resource allocation and strategy implementation, specifically for Credit Unions. Though Credit Unions have evolved over time, their basic function is to take in deposits and reinvest those funds back into the community in the form of loans for such things as houses, cars, education, and infrastructure. Continue reading
This article will focus on the Top Management Reporting Software for Credit Unions.
Different Types of Reporting – At first, this article was going to be about the top Reporting software for Credit Unions. I then realized that there are many different types of reporting needs for Credit Unions that tools will need to focus upon.
This article will focus on Cloud-Based analytics for Banks in the Era of Data Hackers.
Getting to know all about you – A $1 Billion Credit Union recently approached me wanting to know my methodology to Corporate Performance Management (CPM) before they wanted to see a product demonstration. Their ultimate goal is to have me perform a Data Analytics Assessment to see how good their current CPM process is before recommending any improvements. Continue reading
This article will focus on simplifying customer profitability analysis for banks.
Just what is that account worth to you? A rich man was walking through the streets of New Delhi one day when he happened upon a beggar. The beggar had reached out his hand and asked, “A few grains of rice for a poor and starving man?”
At first glance, you would have thought that the rich man would have passed the offensive smelling obstacle without giving him a second thought. Amazingly, he stopped. He asked to see what the worthless man had in his cup. Five grains of rice were all that he had to his name. Continue reading
This article will focus on the Enterprise Budgeting on Cloud for Banks.
The Cloud is coming! Are you prepared? I read a story once about a land that was going through a drought, famine, and warfare. After a momentous battle, a leader told one of his lieutenants, “Go up now, look toward the sea.” So the lieutenant went up and looked and said, “There is nothing.” And the leader said, “Go back” seven times. Continue reading
This article will focus on the Cloud-Based Enterprise Reporting for Banks.
What is Enterprise Reporting? In the past, Business Intelligence (BI) was limited to the office of Finance and typically with a key focus on Financial, Planning & Analysis (FP&A). With the advent of Enterprise Reporting, BI is now being extending beyond the scope of IT staff, business analysts, and power users. Enterprise reporting is enabling anyone who impacts the bank – city executives, branch managers, loan & deposit analysts, and customer-facing staff – to have immediate access to the vital information they need to most productively perform their jobs. Continue reading
This article will focus on the Top Cloud-Based Budgeting Tools for Banks.
When renting a furnished apartment makes sense – Many of us have had the joy of seeing our loved ones graduate college, get a job, and find an apartment. We are more than happy to finally unload grandmother’s furniture that has been stored in our attic for the last fifteen years on our children. It usually takes a long weekend of trips loading all the stuff into the back of a pickup truck or two to move everything out. Continue reading
This article will focus on the Top Cloud-based Reporting Tools for Banks.
Why was Dick Tracy’s watch so cool? Dick Tracy was the main character of a comic strip that started in 1931. He was a police detective that used forensic science, advanced gadgetry, and wits to catch the bad guys. This series was the beginning of today’s police procedural mystery stories—although the Dick Tracy stories often ended in gunfights just the same. His stories typically follow a criminal committing a crime and Tracy’s relentless pursuit of the criminal.