Source: Jack Henry
Jack Henry & Associates, Inc. (NASDAQ:JKHY), a leading provider of technology solutions and payment processing services primarily for the financial services industry, announced today the availability of SmartSight™, an interactive dashboard for its ProfitStars® Enterprise Payment Solutions (EPS) financial institution clients.
SmartSight facilitates efficient measuring and monitoring of transaction data through a convenient, easy-to-use dashboard. This unparalleled business intelligence tool gives financial institutions the ability to graphically view and drill down on important customer, business segment, and key summary level information. More than 1,000 banks and credit unions leveraging EPS products can now effectively address growth barriers related to remote deposit capture (RDC) and ACH by measuring and tracking activity at specific points as well as trends over time. Such actionable insights enable executives, senior operations staff, and risk management departments to reduce risk and enhance strategic business decisions.
Bill Phillips, ProfitStars' EPS group president, commented, "From a competitive standpoint, SmartSight is a game changer for our customers. Not only does it provide management with a more accurate performance assessment for their RDC and ACH business customers, but it also provides the knowledge and foresight to acquire and monitor new customers. There is still significant room for growth among RDC and ACH services to businesses, and SmartSight has the potential to drive those results for any financial institution."
Being able to concisely view essential information and conduct analysis to determine point-in-time status or assess trends without manual aggregation is significantly valuable to financial institutions. The SmartSight dashboard offers EPS clients convenient anytime availability of data that historically has required up to several days at month-end to aggregate. Information can also be exported as reports or graphical "snapshots" for communication and additional reporting purposes throughout the institution.
FFIEC guidance requires that banks and credit unions monitor RDC and ACH transaction activity and risk. In addition to providing data that will assist in meeting FFIEC examiner expectations, SmartSight gives financial institutions the knowledge to optimize areas of success and adjust to shifts in the marketplace.