Daniel Havey
Best Corporate Performance Management Tools for Credit Unions

This article will focus on how what you should be looking for in the Best Performance Management Tools for Credit Unions.  

 

scorecard

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

Daniel Havey
Top Management Reporting Software for Credit Unions

This article will focus on the Top Management Reporting Software for Credit Unions.

 

topmanagementreportingsoftwareforcreditunionDifferent 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.

Continue reading

Daniel Havey
Don’t Let Hackers Cloud Your Vision of Corporate Performance Management

This article will focus on Cloud-Based analytics for Banks in the Era of Data Hackers.

 

Image taken from Pixabay.

Image taken from Pixabay.

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

Daniel Havey
Simplify Customer Profitability Analysis for Banks

This article will focus on simplifying customer profitability analysis for banks.

Image taken from Shutterstock.

Image taken from Shutterstock.

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

Daniel Havey
Enterprise Budgeting on Cloud for Banks

This article will focus on the Enterprise Budgeting on Cloud for Banks.

dashboard benchmarkingThe 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

Daniel Havey
Easy Cloud-based Reporting for Banks


This article will focus on Easy Cloud-based Reporting for Banks.

Have you ever wondered why Do It Yourself (DIY) shows are so popular? According to a Country Living article, “There’s a before, during and after in one TV show—so, you basically get to the happy ending very quickly.”  In other words, your renovations might take weeks or months (or, God forbid, years), while Chip and Joanna’s Gaines home makeover requires less than an hour of your time. And in the end it looks perfect, unlike what you may have experienced.

What is wonderful about these shows is that they take homes that are a total wreck and transform them into beautiful showcases where we wish we could live in them.  In almost all cases, the projects are within budget, finish on time, and result in a very happy customer.

Continue reading

Daniel Havey
Best Excel Tools on Cloud for Banks

This article will focus on the Best Excel Reporting and Budgeting Tools on Cloud for Banks

 

bankincomestatementExcel: How do I love thee? Let me count the ways. (Sonnet 43) – The reason why we all love Microsoft Excel so much is that you can create almost any report you can imagine.  Take for example this Business Process Management (BPM) report.  BPM is a systematic approach to making an organization’s workflow more effective, more efficient and more capable of adapting to an ever-changing environment.

Continue reading

Daniel Havey
Top Cloud-based Financial Planning and Analysis Budget Tools for Banks

This article will focus on the Top Cloud-based Financial Planning &Analysis (FP&A) Budget Tools for Banks.

Image taken from Shutterstock.

Image taken from Shutterstock.

The way things used to be – When I first got into building a budget for a bank, we were using Lotus 1-2-3 spreadsheets that were stored on 5¼ inch floppy disks.  The spreadsheet was basically a 24-month trial balance for each branch or department.  The first eighteen months contained historical balances.  The remaining eighteen months were the forecast for the rest of the current year and budget for next year.

Continue reading

Daniel Havey
Cloud Financial Reporting and Budgeting Software for Banks

This article will focus on Cloud Financial Reporting and Budgeting for Banks.

Image taken from Shutterstock.

Image taken from Shutterstock.

New technology has drastically changed the way we communicate. – My 18-year old daughter has just discovered the show called The Office starring Steve Carell.  The show came out in 2005 and we are wrapping up season two. What is striking is that all the sales representatives have flip phones and need to return to the office and login to their laptops or personal computers to transact business.  Continue reading