My Business Educations Articles

In the new era of banking profitability management, financial institutions face many challenges: increasing overheads, online lending, compliance regulations, competitive mortgage brokers. To meet these challenges, banks are consistently placing more emphasis on managing their profitability—specifically, on a totally integrated process of profitability management. With the recognition that profitability is the major force that drives the entire organization, banks are according top priority to a company-wide profitability management process based on planning and control. The top financial institutions worldwide are developing profitability management systems that feature the creation of quantitative objectives, the careful monitoring of progress against these goals, tighter expense control, and more aggressive pricing and collection procedures. But all these initiatives don't happen in a vacuum—they need to be based on solid, reliable business intelligence. And the most successful financial institutions globally rely on Cognos for the business intelligence that provides the fundamental bedrock for their profitability management process.