Wisdom : ALM. The Integrated Accounting, Asset / Liability Management, Investment Management and 5300 Call Report Automation Solution

Transcription

1 Wisdom : ALM The Integrated Accounting, Asset / Liability Management, Investment Management and 5300 Call Report Automation Solution

2 Wisdom Team Former Credit Union CEOs Jon Heath Sr. Financial Consultant Linda Susman Sr. Application Support Derrell Pulis Sr. Business Service Analyst 2

3 Wisdom Charged Off Loan Tracking System Accounting Asset Liability Management Wisdom 5300 Call Report Assistant Investment Portfolio Management 3

4 Wisdom Wisdom was designed by and for credit unions Wisdom has been serving credit unions since 1982 Wisdom is currently in use in over 800 credit unions representing over 30 core vendors Largest client: $1,077B in assets 98,000 members Wisdom has been created with the concept that powerful does not mean complicated to use 801 Clients 30+ Core Systems 4

5 Wisdom Fully integrated Fully interfaced Complete, system-wide security Charged Off Loan Tracking System Accounting Consistent look and feel Support includes ALL upgrades and training Asset Liability Management Wisdom 5300 Call Report Assistant Investment Portfolio Management 5

6 Overview of All Wisdom Products All reports created using powerful Crystal Reports Fully integrated online help complete manual at your fingertips Clients are trained by Wisdom staff using WebEx and can sign up for classes on our website, or watch pre-recorded video classes 6

7 Overview of Wisdom: ALM Asset / Liability Management Configuration Current / history Modeling / forecasting / budgeting Quick modeling Costing Core interface file includes Every member s detailed loan, share and certificate information General ledger data can come from core or Wisdom: GL 7

8 Wisdom: ALM Data Processor Board Reports And Graphs Cash Flow Risk-based Net Worth General Ledger GAP Investment Portfolio Mgmt Modeling, Budgeting, Forecasting Net Economic Value Branch & Product Profitability 8

9 Overview of Wisdom: ALM Asset / Liability Management Computes all CAMEL ratios Other key ratios Spread analysis GAP analysis Net economic value (NEV) Income simulations Rate shocks Simple to complex what-if scenarios Includes hundreds of reports and graphs Includes other features not found in other ALM packages 9

10 Wisdom at Credit Unions When we merged credit unions there was no doubt we would continue using Wisdom. The time savings is huge monthly Board Reports run instantly and look very impressive. May Morris, CEO WestWorks CU WestWorks CU of Alhambra, California has more than $65 million in assets and 6,500 members. 10

11 Wisdom: ALM Regulatory compliance features Allowance for loan loss computations Reserve transfer computations Peer comparisons Statement of changes in equity Prompt corrective action net worth analysis Net economic value (NEV) GAP analysis 11

12 Wisdom: ALM Modeling system is used to Create annual budget Income simulations Rate shocks Risk analysis What-if scenarios including New product offerings Changes in income or expenses Building new building Merging another credit union Virtually anything! 12

13 Wisdom: ALM Benefits Wisdom is designed by and for credit unions Wisdom is more than just ALM Detailed core interface provides over 95 percent of monthly information Create complete board package in less than 90 minutes per month Complete regulatory compliance including GAP, NEV, ratios, spread analysis, cash flow and risk analysis 13

14 Wisdom: ALM Benefits Use Wisdom to easily create budgets, income simulations, rate shocks or any what-if Use Wisdom to analyze the profitability of credit union branches and products Compared to other ALM products, Wisdom is easier to use without sacrificing power and flexibility, and performs many functions not found in other systems 14

15 Overview of Wisdom: Investment Portfolio Management Investment Portfolio Management benefits Track and account for all credit union authorized investments Complete reporting and graphing Creates GL entries Interface to Board Reports Interface to NEV and GAP Interface to Modeling Interface to 5300 Call Report Assistant 15

16 Wisdom: ALM at Credit Unions Wisdom products are an incredible suite of easy-to-use tools that enable us to understand our current and projected financials, while offering the ability to explore how different financial choices. Ginger Garrett Chief Financial Officer High Plains FCU of Clovis, New Mexico has more than $42 million in assets and 7,800 members. 16

17 Wisdom: 5300 Call Report Assistant 5300 Call Report Assistant benefits Easy to configure and use Uses same ALM download files as Wisdom: ALM Uses same GL download or interface file as Wisdom: ALM Ability to export/import manual items Can save HOURS completing the 5300 Final verification / transmission still done by NCUA 17

18 5300 Call Report Assistant Asset / Liability Management General Ledger Data Processor Loans & Shares Call Report Assistant Investment Portfolio Management NCUA Software 18

19 Thank You Jon Heath or Craig Strumpfer