Eurobase Banking Solutions, a division of the Eurobase International Group, announces the availability of its new management information solution, Prism. This business intelligence tool will allow institutions to define and monitor key performance indicators. By taking data from a bank’s existing application systems, Prism ensures the quality of the data and consolidates it to provide incisive and comprehensive business reports as and when required.
Prism’s initial application was in the insurance industry, where users have reported major gains in empowering management across the organisation. As concerns surrounding organisational performance grew within the banking sector, Prism was adapted to help financial institutions monitor, understand and influence their performance.
Roy Hutchinson, Commercial Director at Eurobase, commented: "This version of the product has been built based on the successful introduction of Prism to the insurance market. Systems implemented to date have significantly contributed to business improvements in terms of performance and profitability."
Ian Forwood, Consultancy Director at Eurobase, added: "The system, which is pre-configured to the needs of banks, allows firms to be up and running very quickly ensuring a rapid return on investment. Being able to identify the profitable products and clients, and understand how your business uses its capital, have already helped our clients dramatically improve their operating performance."