The tool summarizes information from over 100 executive financial reports to offer a high-level snapshot of critical information collected from each of the institution’s branches, thus improve the bank’s management process, claims CSI.
Having ten key performance indicators to cater graphs and trend data for important bank ratios, the new offering leverages users to review the overall financial position of the bank.
Some of the key performance indicators include yield on assets, return on assets, and return on capital, efficiency ratio and loan to deposits.
CSI CEO Steven Powless said that the firm has developed Financial Dashboard to increase management efficiency with a condensed view of daily overviews and trends within the bank, by removing the need to go through pages and pages of data.
"What makes this product even more unique is its ability to provide key trends from day one, using the bank’s historical data," Powless said.
"The dashboard seamlessly integrates into our core system eliminating the need for additional data entry from the bank."
The program is integrated with CSI’s NuPoint core processing platform, which instantly provide key trends based on the bank’s 13-month data history, empowering banks to track its long-term progress related to new and closed accounts, past due accounts and assessed and waived fees.
