Incentive Compensation Management: The STAR Model
Guest blog written by: Mark Hutchinson, Vice President and Director of Financial Planning and Analysis at STAR Financial Bank
A Resurgence of Profitability Analysis for Financial Institutions: Defining the Challenge
The banking industry is full of hope with expectations of higher interest rates and decreased regulation. However, banks and credit unions still find themselves mired in one of the most challenging environments in history—an environment that is wrought with significant competition, substantial regulatory requirements, increased consumer and technology demands, and a prolonged period of languishing financial results:
CFO Focus: Leveraging Funds Transfer Pricing to Maximize Margin
Finance teams need an accurate and consistent methodology to analyze profitability and performance. Learn more in our article on utilizing funds transfer pricing.
Driving Better Business Decisions
Key insights into BCU's approach to profitability reporting, and interesting ways to visualize and better understand performance.
Deeper Into Data: Extract More Value From Funds Transfer Pricing Calculations
Read this article to understand how individual customers, products, channels and departments contribute to profitability and how measuring profitability is calculating funds transfer pricing.
Know Your Customers Empirically: A Client's Perspective
(Part 1 of a 3-part blog series)
Bank and credit union executives need to understand the value of their customers/members (hereafter referred to as customers), and the implications of not doing so.
A Resurgence of Profitability Analysis for Financial Institutions: A Look at Best Practices
In the previous two blogs related to the resurgence of profitability analysis in the banking industry (Defining the Challenge & Understanding the Process), we covered financial performance challenges facing financial institutions, the resurgence of profitability as a tool to help combat these challenges, and some considerations for implementing and/or improving profitability analysis processes. In this final blog, we will propose several best practices to consider as you work through the process.
Budgeting for Performance
Managing business and financial performance in today’s challenging and constantly evolving financial environment is critical for any bank to achieve its short-term and long-term goals. The ability to manage business and financial performance is directly dependent upon an institution’s understanding of the drivers of that performance and the ability to effectively quantify projected business strategies.
Incentive Compensation Management: An Integral Part of Your Enterprise Performance Management Process
Incentive Compensation Management programs are a critical component for driving successful growth. Learn more about how you can unify your approach to ICM and enterprise performance management (EPM) processes.