Computer Services, Inc. (CSI), a Paducah, Ky.-based provider of core processing and related products and services, has introduced its new Financial Dashboard. The tool provides bank executives a graphical view of the bank's financial position.
The dashboard summarizes information from more than 100 executive financial reports to provide a high-level snapshot of information collected from all of the institution's branches. Ten key performance indicators, including yield on assets, return on assets, return on capital, efficiency ratio and loan to deposits, are monitored in graphs and trend data.
Because the dashboard integrates with CSI's NuPoint core processing platform, users of that platform can quickly use the dashboard to obtain trend reports based on the bank's 13-month data history. This can help track long-term progress related to new and closed accounts, past due accounts and assessed and waived fees, among other items.
Lincoln, Mo.-based The Farmers Bank ($92 million in assets) is already using Financial Dashboard and has reported a 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," said Linda Fox, chief financial officer, The Farmers Bank, in a statement. "Since it's integrated into NuPoint, we could trend data for several months on the day we implemented the solution. 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 core provider expects to expand the product offering to its Meridian.NET users during the first quarter of 2013. CSI has incorporated links to other NuPoint reporting products within the solution, allowing users to quickly access other programs such as CenterView, NuView, Executive View or FMS Reports for more detailed information.
