Monthly Processing Tutorials

The tutorials in this section review Compass ways to load historical financial data as well as maturity and repricing information on the existing portfolio.

Monthly Download (19:56)

Learn how DataBridge is the part of Compass that automates the process of reading data files extracted from your other data processing systems.

https://plansmith.com/pub/tutorials/Download_for_Financial_Compass_and_Budget_Compass_Plus/Download_for_Financial_Compass_and_Budget_Compass_Plus.html

Click on the links below to view and download Compass training materials.

Compass Monthly Download Checklist – single plan

Rate Forecast (2:39)

Plansmith provides an optional automated download of a rate forecast from Blue Chip Financial Forecasts©, which surveys 50 of the country’s top economic forecasting firms.

Red Flags (14:47)

Learn how to identify and correct Red Flags, which indicate that a logic or data error exists within the account.

Compass Red Flags Document

Add a New Account (17:02)

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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.

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