Other Services
Additional services and features to enhance the Compass program
Training
Training is always included with any new set-up purchase on a BankersGPS, Budget Compass, Budget Compass Plus, or Financial Compass program.
You may find a need for additional training after your set-up training has been completed. Most reasons for this is having new staff come in or enough time has passed that you could benefit from a refresher course.
Please send us an email or give us a call if you’d like more information on:
- Personalized New User Coaching
- Personalized Refreshed Coaching
- Group-based Advanced Coaching
- BankersGPS Coaching
- Standard Support
Data Tune-Up
The goal for any Compass user is better budgeting, what-if testing, and/or IRR reporting. You are taking a copy of your institution and putting it in Compass so it’s very important to recognize that over time, your institution evolves with new products, new pricing, new GL details and it’s important to make sure Compass is continuously evolving with it!
If you are getting red flags or see a need for better compass detail, please send us an email or give us a call so we can discuss the scope of what a tune-up can do for your Compass model.
Rate Forecast
Branches and Cost Centers
Excel Add- In
Executive Dashboard
Non-Parallel Rate Shocks
Competitive GPS - Peer Analysis
Outsourcing
Plansmith ALM Advisory Experts Are Ready to Support You with Training, Facilitation, and Specialized Reporting
Our Staff Includes Former Examiners and Capital Market Specialists Are Ready to Support Your Team
- Add Bandwidth without increasing Staff
- Get Experienced, Objective Analysis
- Develope Plans to Mitigate Risk
- Improve ALCO Board Reporting
Click here to learn more about Plansmith Outsourcing Services
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