Model Overview
The tutorials in this section will provide a Compass overview with tips for basic navigation and reviewing reports.
Budget Compass Navigation (9:48)
Compass provides easy navigation using a button bar with graphic symbols to quickly and easily move through the various operational functions.
Click on the links to view and download additional training materials for this module.
Best Practices Checklist (8:16)
Learn best practices for maintaining your Compass plan on a monthly, quarterly, and annual basis.
Click on the links to view and download additional training materials for this module.
32bit Excel: Reporting Using the Excel Add-In (39:11)
This tutorial is a step-by-step guide to using the Compass Excel Add-In, including information on linking your plans to the Add-In, using the Data Wizard to automate your data import, and creating custom reports.
https://plansmith.com/pub/tutorials/AddIn32/AddIn32.html
Click on the links to view and download additional training materials for this module.
64bit Excel: Reporting Using the Excel Add-In (39:17)
This tutorial is a step-by-step guide to using the Compass Excel Add-In, including information on linking your plans to the Add-In, using the Data Wizard to automate your data import, and creating custom reports.
https://plansmith.com/pub/tutorials/AddIn64/Using_the_Compass64_AddIn.html
Click on the links to view and download additional training materials for this module.
Reporting with the Executive Dashboard (12:01)
The Executive Dashboard is the reporting capability that creates Internet-based, point and click analysis at a glance, distilled from the vast quantities of information in your Compass.
https://plansmith.com/pub/tutorials/ExecutiveDashboard/Executive_Dashboard_Overview.mp4
Click on the links to view and download additional training materials for this module.
Reporting Overview (16:58)
Review how literally, thousands of reports and graphs are instantly available in Compass.
Click on the links to view and download additional training materials for this module:
Report Designer (16:29)
The Report Designer allows you to select account and ratio data from Compass’ vast database and place it on a spreadsheet-type layout, perform some basic calculations and save it to the Report Menu.
https://plansmith.com/pub/tutorials/Report_Designer/Report_Designer.html
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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