Fiserv (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that its Vantage Risk and Budgeting Manager application is available as a hosted software-as-a-service (SaaS) solution via the Intelligent Workplace web portal.
Vantage Risk and Budgeting Manager via Intelligent Workplace from Fiserv efficiently integrates risk and budgeting processes into a performance management framework to provide a unified view of the key data needed to manage business. It links interdependent business functions - asset/liability management, budgeting and planning, management reporting - to help banks and credit unions make better decisions based on powerful insights into business performance.
"Today's financial institutions are looking for efficient and cost-effective ways to successfully build and manage their enterprise performance management cycles," said Danny Baker, vice president and general manager, Financial & Risk Management Solutions, Fiserv. "Vantage Risk and Budgeting Manager, as part of Intelligent Workplace, provides an intuitive environment in which institutions can easily develop a better understanding of their best growth opportunities, including costs and risks, and implement the right strategy to succeed."
The functionalities of Vantage Risk and Budgeting Manager are integrated with other Fiserv solutions via Intelligent Workplace, which is a single sign-on portal that includes Prologue(TM) Financial Accounting Services, Predictive Scores(SM), Credit Risk Modeler, Trend Modeler and Prepayment Modeler. The portal makes it easier for end users to manage and use these views of the institution's performance, while seamlessly integrating an organization's risk, budgeting, and reporting data and processes.
Vantage Risk and Budgeting Manager helps institutions forecast a full set of financial statements to meet their goals by integrating with and building on the Prologue financial accounting data. In addition, the solution integrates with Prepayment Modeler, allowing institutions to meet increasing regulator demand for prepayment speeds that are customized to their particular prepayment history.
While its primary users are finance and accounting professionals, Vantage Risk and Budgeting Manager gives other managers the means to collaborate and provide input for their specific budgeting responsibilities through its distributed budgeting capability. This information is captured, maintained and reported within a streamlined, centralized process to ensure accuracy and efficiency.
Vantage Risk and Budgeting Manager is the newest addition to Intelligent Workplace. Fiserv will continue to add applications in 2014 and beyond to help banks and credit unions build and benefit from an overarching view of performance across their enterprise.