Name: BankBI
Rating: 8 (1 reviews)
Author: Bankbi

Digital Adoption

Help Desk

Web and Video Conferencing

Customer Support

Bug  Tracking

Software Repositories

Development

Online Proctoring Software

Education

Audit

Business Intelligence (BI)

Collaboration

Enterprise Generative AI

Visual Collaboration

Enterprise

Accounting

Revenue Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

HR Management

Payroll

Recruitment Automation

Succession Planning

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

3D Printers

AIOps

C/C++ Integrated Development Environments

Cloud Storage

Cybersecurity Consulting

Data Center Infrastructure Management

Data Quality

Data Virtualization

Desktop Management

Distributed Denial of Service (DDoS) Protection

Fraud Detection

Hadoop-Related

Hosted Virtual Desktop

Integration Platform as a Service (iPaaS)

MLOps

Managed Public Cloud Infrastructure

Mobile Data Security

Monolithic Frame-based Disk Arrays

Network Performance Monitoring

Process Mining

Relational Databases

Security Awareness Training

Web Access Management

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Appointment Scheduling

Consumer Ratings & Reviews

Content Management

Email Marketing

Event Registration

Landing Page

Marketing Automation

Social Media Management

Survey & Forms Building

Web Analytics

Marketing

AI Meeting Assistants

Project Management

Professional Services

Customer Relationship Management (CRM)

Lead Generation Services

Sales

Antivirus

User and Entity Behavior Analytics (UEBA)

Security

Construction Accounting

Hotel Management

Library Management

Mental Health

Multiple Listing Service (MLS)

Pharmacy

Scholarship Management

Telemedicine

Utilities

Vertical-Specific

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BankBI is a cloud-based analytics solution designed to assist banks, credit unions, microfinance networks, and community banks in improving their financial performance management. According to the vendor, BankBI provides financial reporting, banking analytics, and actionable insights to empower financial institutions of various sizes. It is used by finance professionals, CFOs, financial managers, risk managers, compliance officers, and professionals in the banking and microfinance industries.

## Key Features

**Cross-Sell Product Matrix**: According to the vendor, BankBI allows users to identify customers with good credit scores who may not have specific products, such as credit cards, and locate customers with loans but no checking account within their bank.

**Automated Daily Finance Reporting**: The vendor claims that BankBI offers automated reporting, providing users with daily insights on balance sheet movements, income statement changes, and key metrics. It aims to empower branch managers to monitor and manage performance effectively.

**Automated Monthly Management & Board Reporting**: BankBI enables users to keep key stakeholders informed with accessible monthly finance reports, create interactive performance trend presentations during management meetings, and automate the creation of quarterly results packs, as per the vendor.

**Centralized Data Reconciliation**: According to the vendor, BankBI allows users to centralize and reconcile data from multiple sources, creating actionable lists of opportunities to engage with customers and grow their bank. It also facilitates the analysis of the onboarding of new loans and deposits.

**Branch & Loan Officer Dashboards**: BankBI provides branch and loan officer dashboards, enabling users to track daily loan activity by branch and loan officer. The vendor claims that these dashboards help branch managers monitor and manage performance and review past due trends to support members.

**Peer Analysis**: BankBI offers real-time insights to monitor financial performance, compare a bank's performance to others in its peer group, analyze key metrics, and benchmark against industry standards, according to the vendor.

**Regulatory Reporting**: According to the vendor, BankBI automates reports to reduce key person risks, generate accurate reports to satisfy regulatory requirements, create an audit trail for auditors, and streamline the reporting process.

**Financial Performance Analytics**: BankBI provides detailed insights into financial performance, allowing users to track balance sheet movements, income statement changes, and key financial ratios. It also facilitates the monitoring of loan and deposit performance across branches, according to the vendor.

**Actionable Insights for Growth**: The vendor claims that BankBI enables users to take action to retain loans and deposits, analyze the onboarding of new loans and deposits, identify top accounts and customers, and list loans and past due loans by aged analysis.

**Microfinance Network Management**: BankBI offers performance metrics management for microfinance institutions (MFIs) in a network. It allows users to track financial and social performance, generate comprehensive monthly management reports by country teams, and identify opportunities and risks, according to the vendor.

Viewer

Standard User

Developer

ANTserver

Business Intelligence Accelerator

TARGIT

Personal

Team

Department

Organization

Clear Analytics

BankBI

Corporate performance management (CPM) is related to business intelligence (BI) and is involved with monitoring and managing an organization's performance, according to key performance indicators (KPIs) such as revenue, return on investment (ROI), overhead, and operational costs.

Corporate Performance Management (CPM)

Bankbi

Budgeting, Planning, and Forecasting

These activities are designed to assist with both data-driven operational, short-term planning and strategic long term planning

Long-term financial planning

Financial budgeting

Annual budget for revenue and operating expenses, headcount/compensation, capital expenses, projects, etc.

Forecasting

Combining actuals and budgets, rolling forecasts, driver-based models.

Scenario modeling

Financial or operational modeling of alternate future states and planning for each.

Management reporting

Budget vs. actual or forecast, P&L’s, performance over time, between products etc.

Consolidation and Close

Consolidation of data from multiple entities with currency management, reporting and audit trails.

Financial data consolidation

Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.

Journal entries and reports

Ability to enter journal entry adjustments and produce reports showing all journal entries for a specific period.

Multi-currency management

Ability to handle foreign currency conversions during consolidation.

Intercompany Eliminations

Matching and elimination of intercompany revenue, expenses, and balance sheet accounts.

Minority Ownership

Consolidate financials full or partial ownership of subsidiaries, equity pick-up.

Local and consolidated reporting

Ability to report against individual business entities and the consolidated umbrella entity.

Detailed Audit Trails

Tracing changes to data and processes that were run.

Financial Reporting and Compliance

Financial statements and regulatory filings

Financial Statement Reporting

Creation and production of balance sheets, income statements, cash flows, other schedules

Management Reporting

Tools facilitating creation of internal ad hoc or standard reports.

Excel-based Reporting

Ad hoc or formatted reports using MS Excel.

Automated board and financial reporting

Tools to help automate creation of regulatory reports such as SEC filings and board books.

XBRL support for regulatory filing

Support for the XBRL standard reporting format for exchanging financial data.

Analytics and Reporting

Dashboards and scorecards for KPI monitoring and benchmarking

Personalized dashboards

Create custom dashboards and reports without the help of IT or administrators.

Color-coded scorecards

Track and analyze performances with interactive, color-coded balanced scorecards.

KPIs

Select from a library of more than 6,000 key performance indicators, and incorporate KPIs into your planning process.

Cost and profitability analysis

Cost and profitability analysis provides data for business decision making.

Key Performance Indicator setting

Ability to set key performance indicators for measuring progress towards goals.

Benchmarking with external data

CPI, daily exchange rates, industry KPIs. with scheduled data refreshes.

Integration

Ability to integrate with external applications.

Flat file integration

Integration of flat files like text documents and comma separated files

Excel data integration

Ability to integrate directly with Excel data.

Direct links to 3rd-party data sources

Integration with external applications like ERP, CRM, HCM

BI Standard Reporting

Standard reporting means pre-built or canned reports available to users without having to create them.

Pixel Perfect reports

Pixel Perfect reports are highly-formatted reports with graphics and ability to preview the report before printing.

Customizable dashboards

Customizable dashboards are dashboards providing the builder some degree of control over the look and feel and display options.

Report Formatting Templates

Ad-hoc Reporting

Ad-Hoc Reports are reports built by the user to meet highly specific requirements.

Drill-down analysis

Drill down analysis is the ability to get to a further level of detail by going deeper into the hierarchy.

Formatting capabilities

Ability to format output e.g. conditional formatting, lines, headers, footers.

Predictive modeling

Predictive modeling is the ability to build future forecasting models.

Integration with R or other statistical packages

Integration with the open-source R predictive modeling environment.

Report sharing and collaboration

Report sharing and collaboration is the ability to easily share reports with others.

Report Output and Scheduling

Ability to schedule and manager report output.

BankBI

Overview

What is BankBI?