banking and financial


Financial Institution Challenges

  •  Ever growing compliance & Reporting Needs such as SOX, CALL Reporting, 10k & 10Q Reporting, Net Interest Margin Reporting
  • Disconnected legacy banking platforms are not scalable
  • Lack of process integration leads to expensive delays and introduces audit risks which can be very costly.
  • Manual, time consuming, error prone process affects overall decision making and it takes away agility of the institution to adjust to market conditions.
  • Lack of connected tools affects the ability of the Bank to align strategic 5-year plan with annual plan costing millions of dollars on missed forecast.

Digital IMS Cloud has migrated number of banks from a manual MS Excel based budgeting and reporting process to centralized budgeting and forecasting systems. Digital offers pre-built banking models allowing customers to jump start
Planning & Budgeting models to project the interest income, non-interest income, interest expense, non-interest expense across different portfolios, branches
Measure product, branch and customer profitability
Reconcile transactions coming from core banking platform to GL, Check to Bank, Federal Reserve and ensure integrity of data across millions of transactions per week.

Close financials in a timely manner with the ability to report daily, monthly average balance and YearToDate average balance

  • Plan for non-interest expense such as department expense and workforce compensation expense
  • Plan for P&L and Balance Sheet
  • Plan for key ratios such as Net Interest Margin, Yield, ROAA