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.
Read more
Posts
This article will focus on Cloud-Based analytics for Banks in the Era of Data Hackers.
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. Read more
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 […]
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. Read more
This article will focus on Excel Budgeting on Cloud for Banks.
Nothing is easier than Excel – When it comes to budgeting for a bank, it all starts with the balance sheet. The main component of a bank’s revenue comes from the interest earned from loans and paid on deposits. To budget interest, you will need to figure out what the existing loan and deposit balances will look like over the next several months.
Read more
This article will focus on the Best Excel Reporting and Budgeting Tools on Cloud for Banks
Excel: 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.
Read more
This article will focus on Cloud-based Business Intelligence Solutions for Banking.
Why do I love my iPod Classic? – I got my 80GB iPod Classic around 2007.  I was able to load all 14,000 songs from my library onto it.  I created several playlists that helped me organize the songs.  One playlist consisted of heavy metal that got me amped up before going to the gym.  Another playlist contained acoustic folk songs that were for the morning after a late night of fun. Read more
This article will focus on the Top Cloud-based Financial Planning &Analysis (FP&A) Budget Tools for Banks.
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.
Read more
This article will focus on Cloud Reporting for Banks.
Image taken from Shutterstock.
Just what is Cloud Reporting? – TechTarget defines Cloud Analytics as a service model in which the reporting and analysis process are provided through a public or private cloud.  These solutions are typically offered under a subscription-based pricing model called Software as a Service (SaaS). Gartner defines the six key elements of analytics as data sources, data models, processing applications, computing power, analytic models and sharing or storage of results. In its view, any analytics initiative “in which one or more of these elements is implemented in the cloud†qualifies as cloud analytics. Read more
This article will focus on Web-based Reporting for Banks.
Who cares about web-based reporting for banks? When we think about reporting for banks, we often think about accountants, controllers, and CFO’s. According to The Wharton School, accounting is considered the language of business. The story of any company, no matter the size, the industry, or the country of origin, is told through its financial records and reports. Read more