Streamline Budgeting Processes, Forecast with Confidence, and Hit Your Performance Targets
Solutions to Help Banks and Credit Unions Get Accurate Budgets, Make Better Decisions, and Focus on Growth
What Could You Be Doing with a Better Budgeting Solution?
Complex Spreadsheets weren’t designed to handle budgeting
for successful financial institutions.
Plansmith’s budgeting software is uniquely designed to help you:
Automate Data Entry
Get Timely, Accurate Budget Reporting
Forecast with Confidence
Make Better Informed Decisions
Plansmith’s Compass Software automates budgeting, forecasting, and reporting to help banks and credit unions make better financial decisions.
Stop managing spreadsheets and increase the efficiency and accuracy of your financial reports.
Key Features:
- Interfaces with Core Systems
- Budget and Forecast Modelling
- Quick, Accurate Board Reporting
- Automated Rate Risk
- Eliminate Manual Entry of Data
- Replace Complicated Budgeting Spreadsheets
See How Easy Budgeting can be with Compass
Using Spreadsheets and Outdated Software for Budgeting Costs You More than just Money!
You and your team spend countless, frustrating hours:
Manually Entering Data
Preparing Incomplete Reports
Identifying Broken Formulas
Dealing with Poor Software Support
Don’t Let This Keep You from the Data You Need to Make the Best Decisions Possible.
Join Thousands of Community Banks and Credit Unions Who Trust Plansmith to Help Them Plan, Budget, Manage Risk, and Execute for Success
Taking Control of the Financial Health of your Organization is Easy with Compass
Schedule a Discovery Call
Demo the Software and Receive a Customized Proposal
Deploy Compass and Get Accurate Financials for Better Decision-Making
Don’t Waste Your Team’s Talent Managing Spreadsheets
Planning for your company’s financial health is a key to success. To accomplish this, you need efficient budgeting and reporting capabilities that provide you with useful information. But trying to manage a budget with outdated software or complicated spreadsheets is costing you time and money. Worst of all, you aren’t getting the information you need to make informed decisions.
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You shouldn’t be wasting your team’s time and talents on software that isn’t getting the job done.
As former community bankers, we understand how frustrating it can be to waste days maintaining outdated, inefficient, and potentially inaccurate budgeting systems. That’s why we developed Financial Compass, software that facilitates budgeting, forecasting, and reporting for confident decision-making. For greater efficiency, we have combined Budgeting and Asset Liability Management into one convenient, easy-to-use module that works with your core system.
Schedule a call today. And make sure to watch our free webinar How to Simplify Budgeting, Forecasting, and ALM with Plansmith. Don’t let manual data entry, formula checking, and lengthy reporting processes keep you from using your experience and capabilities. Automate data entry, eliminate unproductive tasks, and get budgeting you can trust with Financial Compass.
Watch Our Webinar: How to Simplify Budgeting, Forecasting, and ALM with Plansmith
Don’t miss out on this opportunity to see how working with Plansmith solved the real-life issues of three financial institutions.
Products
Contact
1827 Walden Office Square, Ste. 350
Schaumburg IL 60173
Toll Free: 1.800.323.3281
Local: 1.847.359.4045
Fax: 1.847.705.8200
info@plansmith.com
Account Projections Overview (9:14)
Learn how this screen allows you to model the growth, pricing, income and expense of the Balance Sheet and Income Statement.
Forecasting Overview (13:42)
Forecasting: Applying Manual Edits and Growth Models to the Balance Sheet
https://youtu.be/NrWRbnM65MU
Forecast Editing Tools (11:49)
The Quick Edit feature provides great power with several shortcut and calculation aides
Forecasting Webinar (57:32)
This 57-minute webinar reviews the different types of growth models, how to forecast using these growth models, and methods for forecasting non-interest income and non-interest expense.
Pricing Models Overview (11:20)
Learn how to link Interest Rates to the Yield Curve with spreads, floors & ceilings.
Pricing Models Webinar (1:17:45)
View this 77-minute session to learn about the essential components of pricing models, creating assumptions, and the application of pricing models in rate shock and budgeting.
Prepayment Utility (28:30)
Learn how Compass captures the financial instution’s specific prepayment experience and allows both simple and complex
prepayment modeling at the account or category level.
Rounding Out Your Assumptions Webinar (1:05:49)
View this 65-minute session to learn how Optionality is addressed in Compass through the Put/Call Feature and Prepayment Modeling. Understand the application of Decay and Alternate Discount Rates on Non-maturing Deposits (NMD). Review the input and functionality of Taxes and Dividends within the model.
Best Budgeting Practices (25:50)
This 26-minute webinar reviews best practice techniques for creating your annual budget and locking your budget for the new year.
https://youtu.be/02BH_rAVtN0
Suspend Auto Reforecasting During Budget Approval (10:45)
Learn how to suspend auto
https://youtu.be/Ogyrp_nSMFM
Locking the Budget (6:33)
Learn how to use the Lock Budget feature to transfer the projections into the Budget Tab.
https://youtu.be/13_yuOAYe-8
Year-End Shift (8:21)
This tutorial reviews the process referred to as shifting the database which is necessary to accommodate projected data for a new 12-month period by moving the prior year’s actual data and storing it as history
https://youtu.be/5wqkHnVGELk