Model Overview

The tutorials in this section will provide a Compass overview with tips for basic navigation and reviewing reports.

Budget Compass Plus & Financial Compass Navigation

Compass provides easy navigation using a button bar with graphic symbols to quickly and easily move through the various operational functions.

https://plansmith.com/pub/tutorials/Navigation_Overview_FC_BCP/Navigation_Overview.html

Click on the links to view and download additional training materials for this module.

Full Compass Session Guide

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.

Best Practices Checklist

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.

Appendix C: Compass Excel Addin

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.

Appendix C: Compass Excel Addin

64bit Excel: Installing the Add-in

Click here to view tutorial on how to install Excel Add-in

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.

Executive Dashboard User Guide

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:

Compass Report Menu

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

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.

Forecasting Growth

Pricing Models Overview (11:20)

Learn how to link Interest Rates to the Yield Curve with spreads, floors & ceilings. 

Pricing Model Examples

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.

Building Pricing Models

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.

Prepayment Converter for Securities: PSAs & CPRs

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.

Assumption Documentation Guide

Assumption Recap

RoundOutYourAssumptionsforBudgetingIRR

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

Compass Best Practice Techniques Handout

Suspend Auto Reforecasting During Budget Approval (10:45)

Learn how to suspend auto reforecasting to get your month-end download complete during budget approval times.

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