in

Cognos introduces new financial services performance solution

Cognos has launched a new financial services performance solution designed to help retail banks drive greater branch profitability. This will be done as a result of effective customer segment and product-level planning, analysis and reporting.

United Arab Emirates: Saturday, May 20 - 2006 at 14:44
related stories
Retail bank branches are under pressure today to deliver accurate, timely profitability plans that are aligned with corporate revenue objectives. Traditional banking solutions like ERP, branch teller and platform systems, or spreadsheets are typically not designed to handle sophisticated, branch network-wide planning, modeling and budgeting.

The new Cognos Branch Performance Blueprint was developed to help retail banks perform detailed top-down and branch-up revenue and expense planning to ensure organization-wide alignment with strategic objectives.

The solution extends the critical planning process beyond the finance department to the branch network, enabling managers to drive profitability planning, analysis and reporting at the product and customer segment levels.

Branch performance

'Branch performance is at the very core of retail banking success. Aligning branch operations with the bank's overall plans and objectives is critical for growth and solidifying customer loyalty,' said Laurence Trigwell, senior director of financial services solutions at Cognos.

'Our Cognos Branch Performance Blueprint provides both world-class BI and high-participation planning, helping banks achieve consistent operating performance through collaborative, real-time planning, forecasting, analysis and reporting. This inevitably leads to increased revenues, higher profits and a stronger customer experience and corporate brand.'



Developed by the Cognos Innovation Center for Performance Management, the Cognos Branch Performance Blueprint consists of targeted, pre-built data, process and policy models based on proven best-practices in bank operations planning, budgeting and forecasting.

The solution equips customers with all of the necessary technology and process design choices, enabling them to synchronise and coordinate financial and operational plans in order to make better resource allocation decisions, from the corporate center down to the branch network.

Performance Blueprint

Cognos Branch Performance Blueprint is the first in a series of financial services industry-specific solutions. To date, Cognos offers a full suite of Performance Blueprints that cover a wide spectrum of planning and performance management process areas, such as strategic financial planning and forecasting; sales planning and forecasting; workforce planning; expense planning; and capital expenditure planning.

Cognos Performance Blueprints are a key component within the Cognos Performance Management System, which brings together technology, best practices, analytical applications and a broad network of partners into a single performance management solution.

Cognos is a recognised leader in delivering performance management solutions for the financial services industry. Over 1,000 financial services institutions worldwide use Cognos solutions and customers include SWIFT, the financial industry-owned co-operative servicing over 7,800 financial institutions in more than 200 countries.


David Brierley David Brierley, Regional MD, Cognos
Saturday, May 20 - 2006 at 14:44 UAE local time (GMT+4)

Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.

This Article was updated on Tuesday, June 26 - 2007

Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AME Info Web site.

AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AME Info Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.

In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AME Info Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.

Email newsletters »

Business Directory »

The news you choose

News and Articles »

Today's top stories »

 

Current Events »

Advertisement »