Analytical dashboard with real-time information on all investments – for your clients, relationship, and investment managers! An effective reporting creates transparency. It helps better understand your customers, increases the reliability of all investments and can also generate sales impulses.
Automating manual processes and using cloud services can also bring significant cost benefits. When it comes to the manageability of regulation and compliance, technological reporting solutions can generate real competitive advantages.
With our software, your customers get a better picture of their own portfolio with a user-friendly presentation and thanks to real-time access.
Within the bank, several departments benefit from comprehensive reporting software:
Investment reporting – definition and delimitation
Generally, three different stakeholder groups can be defined for investment reporting:
Clients
Advisors (or relationship managers)
Management (including supervision)
Client reporting is an important service and appreciated by most banking clients as it helps them to keep track of their whole financial situation. Sometimes it is even the only out-of-bank touchpoint that provides consistent interaction between the client and the bank. It mostly covers the following sets of criteria:
In addition to the client’s overview and dashboard, a great reporting helps to focus the attention to where it’s needed.
A user-friendly advisor reporting displays:
There are specific regulations financial institutions need to follow when it comes to reporting. In order to stay up-to-date with these regulations, banks are constantly improving their internal processes and spreading the risk culture across different business lines (e.g. finance and risk). To achieve this goal, firstly the management team creates appropriate reports.
These reports should indicate the risk and inform the business of that risk at the same time. By providing the reports institutions enable the business to appreciate their return compared to a global risk overview.
When it comes to the business side, gaining new clients or increasing assets per advisor are key drivers. A detailed management reporting shows where to focus on and in doing so helps increase the bank’s profitability. Furthermore, management reportings will also give you an answer to the most important questions such as:
With regard to the technical function of a reporting, a distinction is generally made between two forms: a) time-controlled and b) event-controlled reporting.
With this function, important key figures can be displayed over time. Depending on the target group and data basis, the desired information is displayed in relation to time sequences, previous year or monthly values, as well as a percentage or total changes.
In contrast to time-defined reporting, this form only evaluates data that takes effect from a specific event. This can include reaching predefined threshold values or an insufficient number of agreed performances.
As various as the types and beneficiaries of reportings are: the outcomes are all based on a standardized database. The linking of your customers’ security account data with market data, intelligent algorithms, and self-defined rules are basic functions of CIOS.Reporting.
With CIOS.Reporting, financial institutions gain a detailed understanding of their customers, meet regulatory requirements (e.g. MiFID II), evaluate internal key figures such as customer satisfaction or revenue per advisor.
In addition, CIOS can be used to connect numerous market data providers in order to ensure consistent prices within the reporting. The portfolio consolidation in CIOS is performed at custodian bank level, which sets new standards in the field of asset aggregation.
Thanks to the multi-asset reporting, non-liquid (alternative investments) can also be included in the investment reporting to obtain a holistic view of client assets. Alongside its high scalability, CIOS also offers you a complete set of pre-defined analyses, including:
Fast implementation – with CIOS banks can build on their existing IT landscape and do not need to replace it. Thanks to digital interfaces (API), the modular software connects to existing systems, extends their functionalities, and maps the findings in a modern frontend. Alternatively, data can be imported in CSV or XML and used as an input.
Comprehensive reports, which can be generated from an individual dashboard, will help for a better understanding of your clients and gain deeper insights into their total assets. Also, they offer new occasions for a conversation and help you intensify the relationship with your customers.
CIOS.Reporting enables you to aggregate the total assets of your customers and present them in a well-structured dashboard.
Advantages of our reporting application:
The CIOS.Reporting reporting software gives advisors a digital toolbox to provide first-class financial advice. Thanks to the holistic overview of customer-related data, advisors can react quickly to market changes and give appropriate recommendations for their clients. The Software offers an intuitive overview of:
With our management reporting application, financial institutions will gain important insights into the overall structure of their customers, the performance of their advisors or branches, and regulatory compliance.
The obtained information can be used to generate sales leads for advisors and execute sales initiatives.
CIOS.Reporting offers the possibility to create a tailor-made reporting based on six important pillars:
Download the free white paper for digitizing your investment reporting process.
”With Fincite.CIOS, we can manage complex portfolios automatically. This strengthens the efficiency of our consultants and helps them focus on the essentials: the customer.”
Ronald Tuinenga, Product Owner Digital Investments ABN AMRO