Tagetik Planning for Banks
How agile is your balance sheet planning and forecasting process?
Not only are banks subject to heavy regulatory and compliance demands, the industry is now contending with major global disruption: first, consumer expectations are forcing digital innovation and second, new competition, Fintech, has erupted on the scene.
Tagetik provides the Office of Finance with industry-specific balance sheet planning, operational budgeting, portfolio forecasting, customer-level profitability analysis and much more so you can improve your business agility and responsiveness to better prepare for these disruptors.
planning for banks key capabilities include
BALANCE SHEET PLANNING
In Tagetik, planners can easily and quickly anticipate loan and deposit growth by forecasting spreads. Plus you can see how future and long range plans will be affected by comparing different rates. Since you can easily adjust for shifting rates and isolate the rate vs volume variance, you can use those results to generate the P&L.
Forecasting contract maturities and prepayments and then aggregating that information into a portfolio, was once, in a word, arduous. Not anymore. With Tagetik’s Portfolio Forecaster, you can track balance sheet details, the interest rate of individual instruments, maturity and payment streams, with no additional custom coding.
PROFITABILITY PLANNING AND COST ALLOCATION
You don’t make friends with hidden costs. With Tagetik’s powerful allocation engine, you can analyze the true profitability of every branch, product, channel, and customer. Align costs and planning drivers when you can drive expenses down to the account and activity level within our robust, unified system.
With a rich library of pre-populated, banking-specific drivers to choose from, you can more efficiently simulate changing volumes and experience more streamlined planning. Plus, Tagetik’s houses a variety of packaged templates to facilitate more effective revenue planning - from OPEX to CAPEX to G&A, to travel and more.
WHAT-IF ANALYSIS AND SCENARIO MANAGEMENT
Play out multiple what-if scenarios visually and side-by-side to see the impacts of planning assumptions, drivers and rates, whether they’re moving up or down. Then, model the results on everything from the P&L, to the balance sheet, to cash flow plans at both the branch and corporate level.
UNLIMITED INTEREST AND CURRENCY RATES
Tagetik offers embedded financial intelligence that supports unlimited interest and currency rates. When your branches or operations create plans in local currencies, Tagetik automatically applies and preserves the appropriate exchange rate.
✓ Forward Funds Transfer Pricing
✓ Stress Testing
✓ Margin and Pricing Analysis
✓ Rolling Forecasts
✓ Long Range Planning
✓ Integrated payroll and FTE planning
✓ Advanced Hierarchy Management
✓ Packaged Regulatory Reporting
On Demand Webinar
Planning In Banks: How Raiffeisen Modernized Their Planning Strategy
How can banks process a large amount of data quickly, while ensuring accurate data? In this webinar, hear from Michael H. Weese, on exactly how they leveraged software to achieve this end-goal.
TAGETIK SOFTWARE IS TRUSTED BY LEADING COMPANIES IN THE BANKING INDUSTRY
Budgeting, Planning & Forecasting
Fast closing, cost allocation, budget
RAIFFEISEN BANK, INTERNATIONAL AG
Michael-Hagen Weese - Head of Business Informatics
“What really impressed me about Tagetik is the fast deployment and flexibility, which has allowed us to address very complex requirements after a short implementation phase.”
BANCO TOYOTA DO BRASIL
Rafael Yoshihara - Financial Planning Coordinator, Banco Toyota do Brasil
"We achieved a 0 to 5% difference between actual and budget figures and a 30% time reduction in our budgeting and forecasting processes. Everybody at Banco Toyota do Brasil is really impressed with the performance of Tagetik’s calculation engine."
ST. GALLER KANTONALBANK
Thomas Bünger - Deputy Head of Accounting
"Tagetik’s software is targeted to the future. Unlike other vendors, it makes a huge commitment with a roadmap for the next five years. You can tell that the company stands behind its software and makes a considerable investment in it. In addition, the software’s built-in intelligence reflects the real needs of customers."
Browse our Resources
MILLENNIAL DISRUPTION AND THE PLANNING DYSFUNCTION AT BANKS
5 Ways for the Office of Finance to Plan for the Digital Generation
Budgeting, Planning and Forecasting for Banks
Tagetik's Budgeting, Planning and Forecasting provides banks with industry-specific solutions.
Financial Reporting, Closing, Regulatory Reporting, Budgeting and Planning
How Banks can Select, Deploy, and Leverage Performance Management to Improve Profitability
Author: Bpm Partners
Planning, Budgeting and P&L Statements, Consolidation of Budget and Forecast Data
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