Business
Jack Henry Enhances Financial Performance Suite with Daily Dashboard
Cloud-native tool provides daily insights into financial, operational, and performance metrics MONETT, Mo., May 9, 2024 /PRNewswire/ -- Jack Henry™ (Nasdaq:
About this update from Jack Henry & Associates, Inc.
[{"type":"text","content":"Cloud-native tool provides daily insights into financial, operational, and performance metrics\nMONETT, Mo., May 9, 2024 /PRNewswire/ -- Jack Henry™ (Nasdaq: JKHY) is pleased to announce a new Daily Dashboard available for its Financial Performance Suite (FPS), a fully hosted, cloud-native platform.\n\n \n \n \n \n \n \n\n \nFPS offers banks and credit unions robust budgeting, financial reporting, board reporting, and profitability analysis. The new Daily Dashboard enhances visibility for financial institutions by providing daily insights into these areas:\nFinancial – Understand month-to-date changes, variance, and key performance indicators, with the ability to drill down to the account level to discover what drives the changes.Performance – A snapshot of loans and deposits, with tools to monitor and analyze balances, credit, account yields, and other performance indicators.Production – Loan and deposit product categories that can evaluate new account statistics by volume, rate, or loan maturity dates.Operational – Monitor outstanding lines and utilization, identify large/unique transactions, and analyze delinquent loans, non-accruals, or closed activity.Market – Stored yield-curve information that can assist in internal correlation analysis.Great Plains National Bank is an early adopter of the dashboard. Mandy Bryant, Controller and Senior Vice President of the $1.2 billion-asset bank, said, \"The FPS Daily Dashboard will replace our Excel sheets with automated, user-friendly metrics. We can easily monitor changes in our deposit base, allowing for more informed discussions with our asset-liability committee. This is only the beginning of the benefits we can leverage, and we appreciate the support we've received from the Jack Henry team.\"\nSunlight Federal Credit Union is another early adopter. Taylor Bush, ALM/Accounting Director at the $202 million-asset credit union, added, \"Our credit union needed an easier, highly customizable view of our data. We already see the benefits of using the FPS Daily Dashboard for liquidity and cash flow, accounting and asset liability, and tracking loans and balances. We're identifying new efficiency gains across our departments.\"\n\"The Daily Dashboard has unlocked an entirely new dimension within financial reporting,\" said Matt Riley, President of Complementary Solutions at Jack Henry. \...