A bank is a place that will lend you money if you can prove that you don't need it, Bob Hope says. But in order to lend money to you the banks should prove themselves that they are managing well with the planning and budgeting process.

One of the most successful companies FERNBACH that claims to be the key players in the global Enterprise-wide Value and Risk Management industry for financial services that enhances this claim on the bases of FERNBACH’s achievement the growth rate of that is 20 per cent presents FlexFinance® Profitability. Software is the solution tool that will enable banks to manage the planning and budgeting process easier, and time efficiently. According to FERNBACH the software is expected to help banks make solutions in pricing, planning, internal reporting, and profitability analysis including product, organisational and customer analysis.

The analysis of gathered data includes the calculation of gross yields, net yields, and yields by products and customers. Software function is also Business Intelligence (BI). This function provides with the materials later used as reports.

Günther Fernbach, CEO of FERNBACH-Software, “FlexFinance® Profitability is a critical component for overall planning and profitability activities within financial institutions. Our solution supports the controlling processes that are responsible for corporate reporting by providing income and risk analyses which are instrumental in ensuring bank management processes and good governance.”

References:
http://www.fernbach.com/fs/en/home/news/26.02.2008_-_fernbach_launches_profitability_software.html
http://www.sourcewire.com/releases/rel_display.php?relid=iTXTz
http://www.bobhope.com/