Cloud-native tool provides daily insights into
financial, operational, and performance metrics
MONETT,
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.
FPS 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:
- Financial – 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."
Sunlight 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."
"The Daily Dashboard has unlocked an entirely new dimension
within financial reporting," said Matt
Riley, President of Complementary Solutions at Jack Henry.
"Financial institutions leveraging this dashboard enjoy a line of
sight into performance metrics like never before. Daily loan and
deposit data available through the dashboard can be searched,
filtered, bookmarked, sliced, drilled down into, and exported.
Dashboard users also appreciate enhanced financial reporting around
balance sheets, income statements, and yield curves."
Visit jackhenry.com for more information about Financial
Performance Suite, which includes a Performance Scorecard tool and
other services endorsed by the Independent Community Bankers of
America Preferred Service Provider Program.
About Jack Henry & Associates,
Inc.®
Jack Henry™ (Nasdaq: JKHY) is a
well-rounded financial technology company that strengthens
connections between financial institutions and the people and
businesses they serve. We are an S&P 500 company that
prioritizes openness, collaboration, and user centricity – offering
banks and credit unions a vibrant ecosystem of internally developed
modern capabilities as well as the ability to integrate with
leading fintechs. For more than 47 years, Jack Henry has provided
technology solutions to enable clients to innovate faster,
strategically differentiate, and successfully compete while serving
the evolving needs of their accountholders. We empower
approximately 7,500 clients with people-inspired innovation,
personal service, and insight-driven solutions that help reduce the
barriers to financial health. Additional information is available
at www.jackhenry.com.
Statements made in this news release that are not historical
facts are "forward-looking statements." Because forward-looking
statements relate to the future, they are subject to inherent risks
and uncertainties that could cause actual results to differ
materially from those expressed or implied by such statements. Such
risks and uncertainties include, but are not limited to, those
discussed in the Company's Securities and Exchange Commission
filings, including the Company's most recent reports on Form 10-K
and Form 10-Q, particularly under the heading "Risk Factors." Any
forward-looking statement made in this news release speaks only as
of the date of the news release, and the Company expressly
disclaims any obligation to publicly update or revise any
forward-looking statement, whether because of new information,
future events or otherwise.
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SOURCE Jack Henry & Associates, Inc.