Computer Services Inc. (CSI) (OTCQX: CSVI.PK), a provider of end-to-end technology solutions that empower financial institutions to remain competitive, compliant and profitable, introduced its new Financial Dashboard.
The tool provides bank executives a comprehensive look at the bank's current financial position, succinctly summarized in at-a-glance graphic reports.
CSI's Financial Dashboard improves the bank management process by summarizing key information from more than 100 executive financial reports to provide a high-level snapshot of critical information collected from each of the institution's branches. The program enables users to quickly and easily review the overall financial position of the bank. Ten key performance indicators provide graphs and trend data for important bank ratios, simplifying the identification of areas of improvement. Some of these key performance indicators include yield on assets, return on assets, return on capital, efficiency ratio and loan to deposits.
Fully integrated into CSI's NuPoint core processing platform, Financial Dashboard can immediately provide key trends based on the bank's 13-month data history. This enables the bank to efficiently track its long-term progress related to new and closed accounts, past due accounts and assessed and waived fees, among other items.
"We specifically designed Financial Dashboard to increase management efficiency with a condensed view of daily overviews and trends within the bank, by eliminating the need to pour through pages and pages of data," said Steven A. Powless, chief executive officer of CSI. "What makes this product even more unique is its ability to provide key trends from day one, using the bank's historical data. The dashboard seamlessly integrates into our core system eliminating the need for additional data entry from the bank."
Lincoln, Mo.-based The Farmers Bank ($92 million in assets) is already using Financial Dashboard and has experienced a noticeable decrease in the amount of time required to effectively manage its branches. The reports provide high-level insight into the bank's performance, while still giving bank executives the ability to easily research and further explore presented data.
"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. "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 their product offering to its Meridian.NET users during the first quarter of 2013. Because the dashboard is available exclusively to NuPoint users, 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.