Compass Timely Tips

To provide meaning to rate risk measurements, Plansmith helps by calculate benchmarks against which your sensitivity of risk can be evaluated. The severity of a potential loss depends upon how much the organization can afford to lose without impairing capital. The ability to absorb the losses and still maintain adequate capital is called Risk Tolerance.

New Year, New Tips.

February is historically Plansmith’s busiest month of the year. Why? Because it’s your busiest time of the year. Not only are you closing out the previous year by preparing all the required year-end documentation, including your Annual Report, but you’re about to record the first month’s history of the new year. Why is that stressful? Because it will change everything!

Help, my yields don’t look right! Sound familiar?

I think we can all relate to that moment where things just don’t look right, but are unsure of where to start. Let us give you a hand in peeling that onion.

While an account’s last average monthly yield is quite straight forward,
Average balance / Interest * accrual method (days in month / by days in year)
it’s not so easy to pinpoint the changes affecting the forecasted yields, as there are many moving parts.

Question

“I’m working on my Budget and I can’t believe it, but now they want me to break out a new account category. How do I do that without messing things up?”

Banking is relentless in its daily demand for your time and attention to detail. We know this firsthand, as most of us are former bankers and have been in your shoes.

Stresses around day-to-day responsibilities will never be eliminated, but those associated with your budgeting can be. This is why we built Compass and why you chose us as your software provider.