Plansmith Blog

Plansmith: Budgeting, Asset Liability Management, CECL & Strategy

Posted by Megan Plis on 12/12/19 11:33 AM
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For almost 50 years, Plansmith has helped financial institutions remove the stress from budgeting and interest rate risk.

As customer preferences and regulatory challenges progress, we create new solutions to complement our core in-house budgeting and IRR solutions.

Are you familiar with all of the ways Plansmith helps financial institutions like yours?


Unlike most solutions on the market, our budgeting software was created specifically for financial institutions by former bankers. Individuals with extensive industry experience head our development teams, so all updates made to the software are designed for real day-to-day life. Additionally, our implementation and support teams are also led by experienced financial industry veterans who have been in your shoes and are equipped with the knowledge to help.

Asset Liability Management

Risk is a necessary evil in the banking industry. We’ve dedicated our professional lives to developing tools to make your asset liability management process as easy as possible. We have several options, including two software solutions: a Call Report, cloud-based solution that is perfect for small-midsize banks, and a robust in-house solution within our Compass software that serves more complex banks and credit unions. We also have Former FDIC and NCUA Examiners on staff who offer everything from advisory services to full outsourced risk packages.


In line with our other suite of solutions, we wanted to ensure our CECL solution was created to be simple, powerful, and affordable. That’s why we partnered with Spotlight Financial’s BankTrends™ to offer banks and credit unions the best CECL solution on the market. Our solution uses the WARM Method – widely regarded as the appropriate methodology for smaller, less complex financial institutions.


Organizations with a Playbook are notably more successful. Our cloud-based strategy tool is specially designed to help banks and credit unions to create a plan and stay on track all year long. A Playbook defines the actions needed for success, and the people who will manage the process. Plansmith’s Playbook is a simple online platform to help you create clearly defined initiatives, track progress, and reach your targets by creating an action plan for your budget. Use the Playbook at annual planning time and throughout the year to add the power of strategic direction and accountability to your budgeting process.

We’re committed to making the simplest to use, most powerful software on the market for banks and credit unions.

If you’re ready to learn how Plansmith can help you excel, click here to schedule a discovery call.

Topics: bank strategy, community bank budget, bank irr reporting, credit union planning, CECL, budgeting

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