Â The focus of this article will be on balanced scorecards for banks.Â Implementation of the balanced scorecard for banks and financial institutions is a very tricky thing, according to BSC Designer, as there is huge temptation to focus on financial indicators only.Â We all know that banks work with money to make more money.Â […]
This article will focus on what you will be looking for in a Performance Management Tool for Banks.
What is Performance Management?Â According to the Harvard Business School, performance measurement focuses on four main areas:
-Communicating with external investors to ensure that a firmâs securities are fairly priced and that they are able to access capital
-Measure and evaluate a firmâs 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 banks.Â Though banks 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.
This article will focus on key benefits of a data warehouse (DW) when associated with your cloud- and on-premise data sources.
Have you watched a Tasty food video on Buzzfeed? The videos always start with a default still of the finished dish, then gives the viewers a tutorial of the ingredients and measurements that go into the recipe. In the same way, a data warehouse (DW), a platform where all of your important data sits, can be seen as the final meal and the ingredients can be interpreted as the different data sources that make up the recipe, in this case, the analysis. Just as ingredients come from different origins, data sources come from different places. This article focuses on the benefits of data warehousing while being on-premise and the cloud.
The importance of training is more than just the obvious. BI360 users will often say, âI donât know how to use BI360, so let me take a training class.â Structured training is about the best way to learn how to use and become more efficient with BI360.Â As Solverâs Training Manager with over 15 years of training experience (two of those with our tool), I say this to everyone â never stop learning!
The week is finally here where we gather around the table and share a delicious Thanksgiving meal with our loved ones. As much as we enjoy the good food, family time, and days off from work, organizing and hosting this special dinner can be a daunting task. Similar to the process of creating effective reports and dashboards that help your business, planning a Thanksgiving dinner requires thorough research and specific BI features that make the process easy and enjoyable for everyone.
This blog will explore the parallels between the process used to plan a Thanksgiving meal in the modern age and the latest in BI tools for Corporate Performance Management (CPM), (i.e. financial reporting, budgeting, dashboards, and data management).
Letâs start at the beginning. A few weeks ago, like many of you, I decided to start planning out my Thanksgiving dinner. Knowing that my younger brother has a sweet tooth, but my dad prefers savory entrees and side dishes, I sent out a Google spreadsheet to find out what everyone wanted to eat. Given that we live in different cities, I asked each family member to fill in his or her favorite dishes into the spreadsheet. The results were a little messy to say the least.
In this article, we discuss how business Intelligence (BI) tools have helped not-for-profit organizations focus more on their mission and less on budgeting and reporting.
Thanksgiving is right around the corner, and we thought it would be appropriate to dedicate this article to not-for-profit organizations â organizations with the purpose of something other than making a profit and often focused on furthering a particular social cause – and focus on how business intelligence (BI) tools have made the jobs in their industry easier. In this article, we are going to zoom in on the tools that not-for-profit organizations have expressed they are thankful for, and hopefully, this will give you an idea of what modern BI tools can do for your not-for-profit organization.
Thereâs a lot more to cloudâbased business intelligence tools than easy data accessibility. This article examines why CFOs and accounting pros see cloud BI as a great return on investment.
Like a lot of productivity and management software, business intelligence (BI) tools are moving to the cloud. Why? Sure, the cloud makes BI more accessible, and deployments more manageable, just like data of every kind. Whether itâs Corporate Performance Management (CPM) or even music, you can access it via any web browser or mobile device, anywhere, anytime.
But there are other reasons why the cloud and business intelligence tools are a perfect match, especially for CFOs or accounting pros who rely on BI to boost bottom-line performance. Weâre talking about solving problems such as lowering costs, gaining flexibility, and increasing productivity, all while realizing BIâs promise of delivering the right information to the right people at the right time so they can make more informed decisions.Â As Solver builds – and gets ready to deliver BI360 as an innovative cloud service, we continue to discover reasons why cloud is the future for Business Intelligence.
Here are 9 reasons why a cloud-based Business Intelligence Tool may be right for you.
The other day, I met with Solverâs Chief Technology Officer (CTO) Mike Applegate to talk about the next generation cloud-based tools. I made my way to his office, which is located right next to the kitchen – how convenient, right? His office has multiple brainstorming sessions of project ideas and notes on the white wall to your right when you walk in and simple black photo frames of his two beautiful children propped behind his desk.