From both an operational and strategic perspective, FERNBACH provides with FlexFinance Profitability all of the basic technological and processing tools that we need to operate a multi-dimensional management information system (MIS) and for operational and strategic sales management. We can therefore implement an impressive strategy for bank management and improve our ability to adapt and respond.

Heinrich ter Braak, Head of Controlling Division at National-Bank AG

About National-Bank AG

National-Bank AG has its head office in Essen and operates in North Rhine-Westphalia with 23 offices and branches. It is one of the few private regional banks in Germany that has been able to maintain its independence in a sector that is characterised by mergers. The business model is geared towards medium-sized business customers, self-employed and high-level private customers and extends to loan and investment business, investment consulting and asset administration, as well as international business including interest and currency management for its customers.

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National-Bank AG Selects FlexFinance Profitability

Financial Controlling: The Challenge for National-Bank

The Board and executives of National-Bank are supported in results-oriented planning and management of the bank by the financial controlling centre. In addition to planning, the scope of the centre’s duties includes monitoring and analysis of the course of business and in particular the organisation of comprehensive, integrated and networked reporting. The goal-oriented provision of information and management of the sales divisions, based on a business-minded approach to calculation, also represent a challenge here, as do the constant adaptations of the information and management systems to the sales and organisational structures and changes in product range.

National-Bank was looking for a comprehensive profitability solution, which could be flexibly adapted to the development of products, cope with changes in organisational structure and yet meet stringent business requirements. The bank chose FlexFinance Profitability, which offers a high level of scalability and an expandable architecture.

FlexFinance Profitability provides banks with the following benefits:

  • Complete solution for all areas of financial controlling including sales controlling, cost allocation, unit cost accounting, planning and pricing.
  • Uniform data and method base for financial controlling and accounting which provides the possibility of transferring results to e.g. IFRS and profitability management.
  • Support for all modern methods of calculating default interest terms, risk costs, the need for equity profit and liquidity costs.
  • Multi-dimensional profit centre structures ensuring that the data can, for example, be evaluated by region, account manager, sales channel, product type and by any number of hierarchical aggregations.
  • All up-to-date methods are provided for calculating the cost of profit centre structures e.g. via operating performance, cost drivers, equivalence numbers, cost allocation catalogues.
  • Flexible presentation of results using freely configurable report layouts.
  • Integrated analysis of all profit and loss components: income, expense, costs, planning.