Complex, error prone and time consuming Excel analytics solutions can completely max out your organization and employees. Private banking requires complete visibility into the information stored in corporate database, a standardized transparent comparison between units, teams and associativity between initiatives taken and the results those initiatives deliver.
On a practical level what it means is to be able to answer key business questions with facts today, and not having to wait for several days or weeks for the requested information.
For example, how can one segment Relationship Managers in terms of the top 20%, the middle 70% and the bottom 10% using a scorecard that measures the quality and volume of business they manage? Is there a common characteristic in terms of background, team managers, recruitment for the top 20%?
Or how is the growth in new customers fairing over the last several years? Do new customers generally stay and increase their assets under management? Who are they, where do they come from, what attracts them and what can we do better?
Use Interactive Business Intelligence to benefit your firm in the following ways:
Analyze customer acquisition in terms of market, profile of relationship managers, growth of Assets Under Management.
Track initiatives such as recruitment and training results in a standardized manner.
Visualize key trends in risk and operational management.