Because banking is so competitive, controlling expenses is extremely important. When bankers need expense control systems and processes, CPS helps implement them. One client was spending $200 million per year for advertising, with no way of comparing actual program expenditures with plans. CPS helped solve that problem in two months, while at the same time streamlining the documentation required for payables processing. A little later, CPS assisted with enhancements that made individual program managers financially accountable, while helping them work more efficiently. The system is still in use, after more than six years!
CPS bank experts work hand-in-hand with your finance team to improve bank processes supporting your executive vision.
Designing a management process
that links financial reporting to management strategies on a regular basis
is how banks improve performance. Incorporating the review of financial
performance of business units in executive management meetings gives
business unit owners the feedback they need to perform at top levels. CPS
has had years of practice at developing processes that provide significant
value in helping a bank with their "financial culture".
Paragon Budgeting and Forecasting System
Designed to meet the challenges of today's business environment, the Paragon system improves bank performance, enabling bank executives to drive performance through improved insight, planning and accountability.The
Paragon software is an integral tool supporting the "financial culture". It
allows business managers to link their financial targets with corporate
objectives and provides them with the ability to project the financial
impact of their decisions. This allows business unit managers to "own"
their business while providing executive management insight into the results
for the entire company.
Finance and Risk Database
Significantly enhances a bank's ability to accurately assess the effectiveness of loan pricing decisions and credit worthiness, monitoring and dissecting the lending and servicing function along multiple dimensions.
Loan & Deposit Warehousing
Improving bank profitability begins with the ability to monitor, dissect and spot trends in loan and deposit portfolios. CPS has built several data warehousing solutions that capture and retain several years of customer account level information in a framework that is easily accessed, supports drill-down analysis and standard reporting, and can be integrated with information from other systems (such as customer applications, profitability data, risk systems, and so on). Examples from clients that have utilized this framework include:
A loan warehouse that links application system data to loans. This allows the client to stratify the portfolio based on credit score tier, quantify the improve processes causing delays in the approval-to-booking process, analyze the contribution of specific dealers to the Indirect Lending portfolio, and build sophisticated pricing models based on historic trend information.
Consolidated loan-level information from multiple student loan servicing providers. This system has enhanced this client's ability to accurately identify contributions by school and lending representative, determine the status of loans (in-school, grace, repayment, delinquent) to facilitate securitization, and provide automated routing of incoming customer calls with detailed loan information regarding their loans analyzing future trends.
Expense Tracking System
Because banking is so competitive, controlling expenses is extremely important. When bankers need expense control systems and processes, CPS helps implement them. One client was spending $200 million per year for advertising, with no way of comparing actual program expenditures with plans. CPS helped solve that problem in two months, while at the same time streamlining the documentation required for payables processing. A little later, CPS assisted with enhancements that made individual program managers financially accountable, while helping them work more efficiently.
Incentive Tracking System
Implementing a consistent approach to employee performance tracking that motivates people and provides regular, detailed progress reporting is now a reality with our Incentive Tracking System. Combining data from multiple sources throughout the bank, this system allows you to track individual performance against incentive plans that contain multiple measurements and goals. Monthly reporting is available to participants over your Corporate Intranet, allowing them to see how they are doing relative to their goals and react accordingly (rather than waiting until the end of the year). Additionally, senior manager's goals can be tied to the performance of the people that report to them, with the ability to view consolidated reports of individual performance. Sophisticated capabilities have also been integrated to accurately reflect the impact of account transfers from one person to another and make goal adjustments as situations dictate. Finally, you can count on producing reliable and verifiable payouts at the end of the year based on quantifiable measures instead of “feelings”.
CPS is well-versed in developing quick and economical custom development solutions to meet specific business needs. Many of our current system offerings have evolved from solving a unique, custom development need of our clients. We can work with you to develop a solution that is right for you, and we can also tailor our existing solutions to best fit your needs.
Reporting and Analysis
Measuring the results of bank activities are critical to success; CPS provides reporting and analysis tools that provide "one version of the truth" for its clients.
CPS has worked with banks to sort through the
massive amount of data it collects and analyze it to create information that
is meaningful and actionable.