Comprehensive Financial Checkup

Experience Immediate and Measurable Differences in Your Bank’s Performance With This Quick, Easy-To-Initiate, Actionable Review

  • Receive management information sooner to accelerate decisions.
  • Link executive-level performance measures and budget targets to business unit, branch, and officer goals.
  • Blend top-down and bottom-up planning to maximize the benefits of both approaches while minimizing your staff’s time and effort.
  • Customize forecasting for efficient, accurate, and effective decision making.
  • Establish analytical standards and processes for evaluating large business and capital investment initiatives.
  • Close month-end faster and automate reporting to minimize risk. Streamline general ledger accounting, accounts payable, fixed asset management, budgeting, and reporting.
Who Will Benefit from the Comprehensive Financial Checkup?

Banks with assets from $500 million to $35 billion can benefit from the information gleaned in this comprehensive review. This formal, objective program will:

  • Uncover critical issues surrounding potential profit and loss
  • Provide actionable, easy-to-implement fixes
  • Provide an immediate return on investment
  • Improve financial discipline with support from business unit management
What Areas Will Be Reviewed in the Comprehensive Financial Checkup?

We will review your financial processes and departments as both independent and interrelated systems in order to obviate problems and provide actionable, realistic recommendations. Reviews can be tailored to your financial institution’s specific needs.

Areas Reviewed

CFO & Management

  • Financial Management Vision
  • SWOT Analysis
  • Organizational Design

Career Planning

  • Staff SWOT Analysis
  • 360-degree Review
  • Performance Management

Accounting

  • Daily and Monthly Accounting
  • Month-end Closing Cycle
  • Accounts Payable
  • Fixed Assets
  • Investment Accounting

Analysis and Reporting

  • A/L Modeling
  • Regulatory and Management Reporting
  • Profitability Analysis
  • Planning and Forecasting
  • Funds Transfer Pricing
  • Costing
  • Capital Budgeting
  • Financial Analysis Capabilities

Financial Systems

  • General Ledger
  • Management Reporting
  • Financial Data Warehouse
  • A/L Management
  • Funds Transfer Pricing
  • Organizational Profitability
  • Product Profitability
  • Customer Profitability
  • Cost Allocation
  • Spreadsheet Management
What Can You Expect During the Comprehensive Financial Checkup?
  • A complete review of all financial division functions, resulting in recommendations for improving processes, technology utilization, and organizational structure
  • Improved workflow to maximize staff levels as your bank grows
  • Tightened processes and an optimization of your technology to mitigate potential risk and assure accuracy
  • Stronger planning, reporting, and analysis functions to improve decision making, performance measurement, and goal setting
What Deliverables Will You Receive with a Comprehensive Financial Checkup?
  1.  Assessment and Recommendations by category
  2.  Project Plan to prioritize implementation of improvements and resource assignments
  3.  Project Management to implement efficiencies and improve execution
Our Clients Get Real Results
  • Results From The Comprehensive Financial Checkup

    $3 Billion Bank

    Accelerated their annual planning process by 50%, reducing the time commitment by 3 months.

    $7 Billion Bank

    Improved its run rate income by 20% or $16 million in six months through strong hands-on financial guidance and targeted measurement.

    $30 Billion Bank

    Accelerated the availability of management information by 80% with a redesigned reporting process.

    $3.5 Billion Bank

    Implemented executive and management performance reports that we designed and supported. A two-day review resulted in 25 recommendations on data management, management reporting, and planning processes.

    $7 Billion Institution with 22 Banks

    Used information from our review to effectively set business goals for banks and branches in under 90 days.

    $2.0 Billion Bank

    Accelerated month-end close by 30% after a two-day review.

Call Us Today at 877.616.4385 to Discuss Your Financial Institution’s Upcoming Projects.