Financial Services Performance Management

Parson Consulting

Overview

The Parson Financial Services Performance Management (FSPM) forecasting model provides a powerful way for companies to predict business outcome and adjust quickly to market dynamics. Finance professionals gain the ability to run multiple industry-related, what-if scenarios that reflect factors such as changing rates, financial strategy, and competitive scenarios for extended periods of time. For example a mortgage lender could project loan sales based on an assumed days held or a top-down sales target by month to forecast the effect on interest income, interest expenses, losses, repurchases, net interest income, and other measures.

The highly flexible model allows users to further analyze potential outcomes summarized by period, product type, or line of business.

Benefits

Delivers powerful business benefits to banks, mortgage-lenders, and other financial services organizations:

• Eliminate manual processes, and reduce planning and reporting cycles
• Establish one version of the truth for planning, reporting and analysis, and auditing
• Introduce an integrated and collaborative enterprise-wide planning process
• Gain insight into performance and key business drivers
• Achieve transparency of the business for better decision-making
• Increase responsiveness to changing business conditions
• Align individual goals and actions with corporate objectives
• Increase accountability and productivity by providing visibility of performance measures at all levels
• Encourage greater business unit participation and ownership of the planning and performance processes

Features

• Pre-configured, industry-tested financial datamart that automates loading of data from source systems.
• Establishes a single, auditable workflow with an accurate set of data on which to base planning, analysis and performance
• Provides detailed auditing and workflow features that automatically track, trace, and validate information as it is being entered or changed
• Eliminates the manual processing of data and risk of errors while creating a reliable, repeatable process for consolidating financial sources of information

Architecture

FSPM uses IBM Cognos 8 Business Intelligence and Cognos Planning to provide a blueprint type of solution.

Availability

For more details, contact Parson Consulting, 1 Technology Drive Suite I-821, Irvine, CA 92618. Ph: 949-609-0123. Fax: 949-609-0128.

You can also find information on our website: www.parsonconsultingna.com

About IBM | Privacy | Terms of use | Site Map | Accessibility | IBM Feeds

Performance Management | Business Intelligence

IBM is a world leader in business intelligence, performance management, data integration, enterprise risk management, olap reporting, analytics software, bank branch profitability, retail performance management, supply chain visibility, customer profitability, Oracle business intelligence, and balanced scorecarding for the enterprise.

 

Contact Us