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         Financial Services Edition for financial institutions

 

         Background

 

In today’s increasingly competitive and volatile market place, financial institution executives are finding it increasingly difficult to stay ahead of the competition and satisfy regulatory authority’s prudential reporting requirements.

 

Managing the bottom line requires more than monitoring and controlling expenses.

 

Executives need to be able to have near immediate answers to questions like, what will the impact on my projected year end profitability be if interest rates go up 1% in two months time? Or what is the impact on cash flow and profitability of introducing a new lending or funding product? Are we breaching any Capital Adequacy requirements given the expected growth in business? How do the actual results for the month and projected year end compare to the previous forecast and what caused the variance?

Analysing historical information has been generally limited to accessing transaction level systems such as General Ledgers and Retail Banking Systems, which provide limited analytical functionality.

 

Historically financial institutions have used spreadsheets to perform these tasks. This approach is generally not integrated, lacks timeliness and sometimes inaccurate.

Essatto Financial Services Edition is designed to assist financial institutions to address such issues.

 
         
       
         
       
         
       

     The Financial Services Edition

     Essatto for financial services is developed to address and provide:

  • Intelligent analytical analysis of historical information and budget / forecast variances

  • Business driver based forecasting undertaken at product level

  •  "What-if" projected year end analysis

  • Asset and Liability Gap Analysis

  • Interest rate risk sensitivity analysis

  • Multiple data sources consolidation into a single Application

  • Complete multi-user budgeting solution

  • Executive Information System capabilities

 

 
       

         Key  Features

· Integrated Profit & Loss, Balance Sheet, Cash Flow Reports and Key Performance Indicators.

· Built in Advanced Forecasting Algorithms

· Tabular and dynamically linked graphical reports for total analysis of information.

· Incorporates a multidimensional database providing OLAP features such as drill-down and consolidation, multiple hierarchies, data rotation and attribute selection.

· Web interface with intuitive screens and menus for ease of deployment.

· Multi-user access with flexible data security policies to ensure users only access and update what you wish them to see.

· Standard interfaces to core systems that substantially eliminate the need for the re-keying of data and reduce cycle times.

· A “live” link to Excel facilitating ad-hoc reporting and analysis in an environment familiar to most users.

· Manage by exception with Traffic Light Reporting

 
           
        CMI-PLUS RESOURCES SDN BHD  in collaboration with IOPPOLO & ASSOCIATES conduct regular seminar /work-shops on ESSATTO and on-site demos for companies that require on-site presentation to groups of potential users from various departments such as IT / MIS, Finance / Accounts and HR.  
           
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