For Financial Institutions, the journey to high performance is a blind trek if they cannot tell how fast they are moving or how far they have travelled. An appropriate and consistent set of easily-understood performance metrics needs to be within quick access. This requires comprehensive metrics frameworks and automated management capabilities.Almost every organization has put in place metrics programs of some kind—balanced scorecards, identification of critical key performance indicators (KPIs) and so on. Taking the next step to a comprehensive system for managing enterprise metrics has been daunting for a number of reasons:
Metrics are a moving target.
Visibility into metrics is uneven.
There are no consistent frameworks of essential metrics.
Analysis of data interrelationships—so vital to decision making—is complex.
Many institutions have been forced to abandon their efforts at metrics management. Those that tried to "boil the ocean" with a completely automated solution that required no manual data input encountered vast problems integrating numerous enterprise applications as well as other challenges.
A combination of solution frameworks established by our industry practice along with the experience of our consultants will deliver a complete metrics management solution end to end for your financial institution.