Whistlebrook adds Financial Planning case study to its growing portfolio.
With the limitations of traditional spreadsheets starting to hinder the society’s financial forecasting capabilities, Norwich and Peterborough Building Society (N&P) stepped up its search for a new software solution that could provide more detailed analysis and reliable modelling. The N&P team looked at several forecasting systems but although they were good in their own right, none could offer an off-the-shelf solution capable of calculating mortgage and savings interest or dealing with the various characteristics held within.
With its existing management reporting product, AnaLytics for Financial Institutions (ALFI®), Whistlebrook felt it wasn’t a major conceptual leap to use this as a basis for a planning solutions for Financial Institutions. The solution allows for the forward planning, budgeting and forecasting of Loans, Savings, Current Accounts, Fixed Assets, Other Income, Overheads, Payroll, the Balance Sheet and even Treasury Instruments.
N&P now produces high quality board packs, appreciated for their informative content, transparency and consistency. A number of other reporting packs have been developed as a result of the way that ALFI provides data. Its cube output is highly flexible and enables different views to be obtained with maximum ease.
Having all the business data in one place allows for the fast, accurate and reliable delivery of Business information to end users and gives a consistent “single version of the truth” which is often missing in organisations.
Read the case study here.
Published: 30th September 2011
Author: Jef Cawdell