SRC Performance Management for Financial Institutions

When it comes to planning interest income and expense, credit quality, payroll and capital, a vast majority of financial institutions have similar issues and concerns, though each organization has distinctive reporting requirements and approaches to managing these issues. To that end SRC Software created SRC for FI™, the performance management solution designed specifically for the unique needs of financial institutions.

SRC for FI meets the demanding needs of financial institutions by combining years of financial experience with technology that can handle virtually any planning requirement. SRC for FI combines strategic planning, capital planning, forecasting, budgeting, state-of-the-art reporting tools, profitability measurement, scorecarding and a powerful consolidations engine-with multiple access options that delivery unrivaled visibility into your business.

SRC Cash Flow Analyzer FI

SRC Cash Flow Analyzer FI enables financial institutions to project all components of net interest margin with greater confidence and accuracy. CFA imports individual loan and deposit records, processes cash flows, and aggregates them into product portfolios at the branch, market, region or line of business level–whichever the individual financial institution chooses. Line managers can clearly see how their existing portfolios will pay down and more importantly what new volumes will be required to meet corporate goals.

SRC Budgeting FI

Balancing flexibility and control, sophistication and ease-of-use, SRC Budgeting FI provides the tools financial institutions need to create and execute detailed budgets—helping transform strategic goals into operational plans. SRC Budgeting FI not only simplifies the budgeting process, but also incorporates sophisticated modeling for projecting balance sheet and net interest margin. With SRC Budgeting FI, financial institutions can incorporate runoff and new volume projections into the development of net interest income and margin forecasts. Line-of-business managers will have much greater insight as to the new business needed to reach their growth targets.

SRC Reporting for Financial Institutions (FI)

SRC Reporting for FI delivers the power and flexibility that financial institutions need to make confident business decisions, ensuring that all constituents receive the most up-to-date, accurate information available. Because SRC Reporting FI is fully integrated with the entire SRC suite, financial institutions can report on actuals, budget, forecast, etc. all within a single application. SRC Reporting FI also includes a broad array of reports to meet every reporting requirement, including internal and external financial statements, regulatory schedules, board packages, variance reports, branch and product profitability reports, and more.

SRC Payroll Planning Financial Institutions (FI)

SRC Payroll Planning FI supports sophisticated and complex calculations and can easily accommodate any level of detail unique to individual financial institutions. Users can efficiently and accurately forecast by individual employee, job class, position code, or any other designated level. SRC Payroll Planning FI provides the tools which financial institutions need to project salaries, overtime, payroll taxes, benefits expense, incentive compensation and more. Additionally, performing “what-if” scenarios utilizing alternative assumptions such as a different “average merit” assumption is easily executed with SRC Payroll Planning FI.

SRC Software

SRC Software (www.srcsoftware.com) is the leader in providing flexibility and sophistication for enterprise financial planning and corporate performance management. With nearly 2,400 installations, SRC's highly personalized strategic planning, forecasting, budgeting, profitability measurement, reporting and analysis solutions are used by companies such as AMCORE Financial, Comerica, Commerce Bank, and American Savings Bank. SRC offers a full complement of financial planning and analysis tools through its unique integration of spreadsheets and industry-leading databases complete with full-scale web deployment. SRC is privately held and headquartered in Portland, Oregon; has regional offices in London, Stockholm, Brussels and Singapore. For more information, contact SRC Software at +1 503-608-3300 or by e-mail at info@srcsoftware.com.