|Dashboard summarizes 100 reports|
Computer Services Inc. introduced its new Financial Dashboard that provides bank executives a comprehensive look at the bank’s current financial position, summarized in at-a-glance graphic reports.
CSI’s Financial Dashboard improves the bank management process by summarizing key information from more than 100 executive financial reports to provide a snapshot of critical information collected from each of an institution’s branches. The program enables users to review the overall financial position of the bank. Ten key performance indicators provide graphs and trend data for important bank ratios, simplifying the identification of areas of improvement. Some of these key performance indicators include yield on assets, return on assets, return on capital, efficiency ratio, and loan to deposits.
Fully integrated into CSI’s NuPoint core processing platform, Financial Dashboard can immediately provide key trends based on a 13-month data history. This enables a bank to track its long-term progress related to new and closed accounts, past due accounts and assessed and waived fees, among other items.
“We specifically designed Financial Dashboard to increase management efficiency with a condensed view of daily overviews and trends within the bank, by eliminating the need to pore through pages and pages of data,” says Steven Powless, CEO of CSI. “What makes this product even more unique is its ability to provide key trends from day one, using the bank’s historical data.”
The Farmers Bank of Lincoln, Mo. ($92 million in assets) is already using Financial Dashboard and has experienced a noticeable decrease in the amount of time required to effectively manage its branches.
“CSI’s Financial Dashboard quickly aggregates data from across our institution, providing a concise picture of our daily performance and operations,” says Linda Fox, chief financial officer of The Farmers Bank. “Financial Dashboard has reduced the time I spend sorting through data each morning, enabling me to focus more time on our core products, services and customers.”
Financial Dashboard is currently available to customers using CSI’s NuPoint core processor, but the company expects to expand the product offering to its Merician .NET users during the first quarter of 2013. Because the dashboard is available exclusively to NuPoint users, CSI has incorporated links to other NuPoint reporting products within the solution, allowing users to access other programs such as CenterView, NuView, Executive View or FMS Reports for more detailed information.
[This article was posted on April 17, 2012, on the website of ABA Banking Journal, www.ababj.com.]
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