AYMSOFT

Posts Tagged ‘Management’

Financial Management for Human Service Administrators

This comprehensive financial management book is designed to help future or current human services or social work administrators manage programs and agencies more effectively. The book includes information on various budgeting systems (line-item, performance, and program) and other financial management tools, including program structures and responsibility centers; financial accounting and the interpretation and analysis of financial statements; the forecasting of revenues, expenses, and cas

List Price: $ 94.60

Price:

In this case study, we will explore how a financial services management company automated the printing aspect of their Correspondence Management System to improve the efficiency of the operation and reduce the costs associated with printing and distributing printed communications to their customers.

Company – This Company is one of the world’s leading providers of financial services for corporations, institutions and affluent individuals around the world. The specific entity within the company examined in this Case Study is one that provides fund management services for banks and financial companies around the United Kingdom.

Business Problem – The Company’s Correspondence Management System (CMS) requires many different types of letters to be printed on many different styles of letterhead stationery. Each bank they provide fund management services for has different letterhead paper and different business rules regarding additional pages of standard and/or variable information that needs to be bundled along with the letters being printed (this can be different by type of letter being printed within a single bank also).

To accomplish their letter printing, the CMS user would place the right number of pages of the appropriate letterhead and continuation sheets into a nearby printer, then print the document from within the CMS to the printer they had chosen. As they print they are hoping that:

Nobody else sends any letters to that printer in the meantime

 Read more...

Collateral management allows lenders to employ less risk than they would have previously, by any number of unsecured financial transactions. Collateral has been an effective means for collecting unpaid debts for hundreds of years, so how does it work today? In today’s industry, it typically is considered bilateral insurance. Although in the last twenty years, collateral has taken many other forms: collateral outsourcing, collateral tax treatment, cross border collateralization, arbitrage, and several others.

Every transaction contains an element of risk, especially on transactions whereby cash is not the method of exchange. Some additional risk-free transactions are in the shape of stock and bond purchases, whereas transactions with a lot of risk include derivative deals, credit default swaps, business loans such as money market transactions and term loans. In the aforementioned transactions, financial institutions will typically demand some type of collateral in the following ways: cash, government bonds, notes, stocks, real estate, art, etc. The requirement for collateral is nearly required in transactions between counterparties including hedge-funds, lenders, brokers, and banks. Typically, collateral can be used in smaller loan situations, but they are of course vital for the larger transactions.

A lot of people are turning towards financial services software for the best advice with regard to collateral, even larger entities including banks are benefiting from software’s effortless functionality. A reputable collateral software program shares insights, methodologies, and strategies for making the right decisions. With predetermined, analytical data, the user is informed of the best decisions for his or her business. This is certainly an option for some.  Read more...

August 19, 2008 – Toronto, Canada –Dr. Robert Phillips of Nomis Solutions will guide attendees towards achieving profitability and volume targets by introducing innovative pricing methodologies for lenders at the 2008 Financial Services Technology Forum.

Improving Loan Portfolio Management: An Introduction to Pricing Optimization

In this presentation, Dr. Robert Phillips will share personal experiences and banking case studies on how financial service executives can use innovative pricing strategies to gain valuable insights, improve performance, and gain competitive advantage. It is no secret that this is an unsettling period for lenders. During these challenging times there is both a need and an opportunity for lenders to examine their current lending strategies and loan portfolios.

The classic response of many banks in the face of an unprecedented situation is to adjust their underwriting policies. However, banks should also be using their loan pricing to attract profitable customers, deter less profitable customers, and manage their overall portfolio risk. Unfortunately, current pricing practices at banks suffer from a number of shortcomings and it can be difficult to effectively manage pricing. To illustrate, the lending portfolios at several different banks in North America and the UK, only about 20% of loans are properly priced. About 40% percent of rates are too high, and 40% are too low, largely because the effect of price on consumer response is poorly understood (Nomis Solutions pricing research).

 Read more...

 CEO George Adams of SSH Communications Security, Inc. will present how to identify and control daily operational risks and to build a comprehensive Operational Risk Management (ORM) plan at the 2008 Financial Services Technology Forum.

 

Operational Risk Management - The Big Security Picture

 

With enormous amounts of valuable corporate data concentrated in financial organizations’ information systems, IT managers must carefully control daily operational risks by implementing a comprehensive security model that addresses standard HR practices, as well as deploy and administer information security solutions throughout the IT infrastructure. George Adams will discuss how to build a comprehensive Operational Risk Management plan to prevent immense damages.

 

As CEO of SSH Communications Security, Inc., Mr. Adams is responsible for developing and executing strategies to build the company’s market position. With millions of users worldwide, the company’s Secure Shell application has become the de-facto standard for secure Internet logins.  Mr. Adams is also a member of the board of directors of the parent company in Finland. Prior to joining SSH, Mr. Adams was vice president of business development for Phoenix Technologies Ltd., where he led strategic initiatives in Internet-based remote management and support.  Mr. Adams has also previously held positions at Sun Microsystems, Intel, Analog Devices, and Motorola.

 

 Read more...