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 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 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.
This article will focus on Cloud-based Call Report Automation for Banks.
Why does going to the dentist always seem stressful? I have been going to the same dentist for over twenty years. He has seen my children grow up. He has seen me change jobs a couple of times. My wife has even joined his team in a fund raiser or two. You would think that every time I see him, a warm fuzzy feeling would overcome my emotions.
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.
This article will focus on Cloud Financial Reporting and Budgeting for Banks.
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