Banking Industry
Automate Financial & Operational Reporting, Budgeting & Forecasting, and Dashboards
Solver for Banks leverages your existing Excel knowledge in combination with a modern web portal, centralizes and streamlines your budgeting, reporting and analysis into a single solution, and reduces the need to ask IT for assistance to manage your CPM solution.
Automate financial planning & analysis with one version of truth.
Solver for Banks gives you insight into overall Corporate Performance Management (CPM), eliminates manual processes that can lead to poor data integrity, and integrates disparate data sources and tools into one solution.
Solver can be deployed to finance and accounting teams, as well as to operating departments to provide insight and to automate:
- Dashboards with Bank KPI’s, metrics, and benchmarking
- Organization-wide budgeting and forecasting, including for loans, shares, net interest income, non-interest income and expense, personnel expense, capital purchases
- Microsoft Excel and web-based reporting and consolidations
- Data warehousing that can combine general ledger, loans, deposits, customer and any other information
Check out Bank examples of our CPM software in action or learn more from our Solver Template series.
With Solver, Banks will be able to:
- Track company wide performance with dashboards, KPIs, and financial statements
- Understand branch performance with balanced scorecards, yield/rate analysis, and branch profitability
- Perform month-end reconciliations from sub-ledgers to general ledger
- Automate your securities reporting and analysis
- Gain deeper insights with product profitability for loans, deposits, and other services
- Use Funds Transfer Pricing and Activity Based Costing to calculate customer profitability
- Easily manage your budget and forecast processes with better collaboration
- Automate for NCUA Form 5300 and other regulatory reports
- Create unlimited ad hoc reports
Solver and our global partner channel will assist with Solver implementations and long term support to aid Banks in monitoring Corporate Performance Management and in meeting targeted goals and objectives.
Technology Overview
Solver is a modern, modular CPM suite that can be managed by business users:
- Solver end user modules for Reporting, Budgeting and Dashboards
- Solver Data Warehouse for rapid implementation storage of any kind of financial and operational data
- Microsoft platform including SQL Server, Excel and Web interfaces
- Pre-built integrations to all Microsoft Dynamics ERPs, Sage ERPs, SAP Business One, Acumatica, Intacct, Netsuite, Salesforce as well as other popular systems
- Cloud and on-premises deployment options
Check out our eBook on World-Class Decisions for Banks & Credit Unions: Making Dollars and Sense of Your Data. The world of banking is speeding up and changes are rippling across the globe. If your organization is slow to respond, it will fall behind. One of the best investments you can make in this technology-driven marketplace is to empower employees to make fast, smart decisions.