Banking, Credit Unions and Service Organizations
With LogicERM everything is in one place and connected so you can measure the health of your organization and your progress toward achieving your corporate objectives. Through those connections, LogicERM will roll-up SMART Business Metrics from all related business areas in real-time.
To do this you need to measure the key risk, performance and compliance indicators in each of the areas that affect or contribute to your strategic initiatives. For example if you are concerned about credit risk, you need to measure contributing processes, such as originations, servicing and securitization.
In one glance with LogicERM you’ll drill down further within servicing for example, to clearly see which business metrics, such as delinquencies as percent of total portfolio, are causing the problem.
Why do front-line managers as well as senior executives, boards of directors, and committees love SMART Monitoring?
Simply, LogicERM provides the tools that reduce the work that every front-line manager must do and already does every day. Each manager uses their own SMART metric for their own work, and LogicERM does the heavy lifting of connecting and rolling up the information to subsequent levels.
Register here to learn what are the right business metrics for financial services firms and how you implement them.
The following are other hot topics where recent activity has been focused among our customers in various business process areas:How connected your back office is to your front line
How does managing compliance activity link to business performance? For example, within vendor compliance, which appraisers contribute to credit risk?
How you earn revenue
Increasing non-interest revenue through diversification of fee generating services.
How you create your product or service
Asset/Liability Management - Managing the interrelationships among interest rate risk, credit risk, market risk, and liquidity risk to drive earnings.
How you provide support
Revealing the cause of delinquencies for each loan type to predict future lending performance.