News

Statementone Introduces New Management Report Module...

StatementOne introduces new Management Report module...

Lawrenceville, NJ - APRIL 30, 2001
StatementOne, an industry leader in cross-custodial, enterprise-wide financial data management and web-based performance reporting, announced today the introduction of a new Management Report module for its financial institution customers.

A breakthrough reporting tool, StatementOne's Management Report module empowers Financial Institutions to view management-focused reports tailored to decision makers within their organization, with special relevance to Senior Management, Compliance and Marketing departments.

Currently in production with StatementOne's enterprise-level clients, the new module resides in and leverages on StatementOne's Financial Data Network™ (FDN) database. The FDN, utilizing patent-pending procedures to cleanse and normalize transactional and legacy data across disparate formats, creating a hierarchical database. This database can then power a host of reporting, data-mining and CRM applications.

Low-cost, highly accurate data structure...

"To achieve this new level of reporting, we rely on our unique FDN technology. Our ability to offer an ASP solution without the industry's usual need for heavy service desk intervention is one of the primary keys to our system," says Lou Gerber, StatementOne's founder and chairman. "The FDN draws relationships from the data and legacy systems – which is then augmented using the dealer-level relational database – to produce a relatively low-cost, highly accurate data structure that is unchallenged within the industry." He adds, "Our clients are just as interested in the use of the relational data set within their own IT infrastructure as they are in the applications that we deliver. They recognize that we have absolutely unique capabilities, as a result of our 7-plus years of back-end development in the area of enterprise data. Management reports is just the tip of the iceberg of what's to come!"

According to Jake Rohn, StatementOne's svp, product development, "The new Management Report module gives detailed, enterprise-level reports to management on the overall activity within their broker/dealer organization. It's only with StatementOne's self-structuring, enterprise relational data model that these type of cross-custodial reports can be made available to Financial Institutions (FIs). This essentially enables the FI – for the first time ever – to analyze disparate assets' positions and sales within a single reporting structure."

The main Management Reports screen has a brief description of the reports and their respective function.

Some example reports include:

• Advisors by Total Assets Under Management
• Advisors by Total Sales for Last Quarter
• Advisors by Total Sales for Last Month
• Product Companies by Total Assets Under Management
• Product Companies by Total Sales for Last Quarter
• Product Companies by Total Sales for Last Month
• Advisors by Clearing Firm Sales for Last Quarter
• Advisors by Direct Business Sales for Last Quarter
• Most Widely-Held Assets
• Most Widely-Held Clearing Firm Assets
• Most Widely-Held Direct Business Assets

Adds Rohn, "This high-level overview of their business will enable better-informed and more timely decision-making, and the data-mining potential will improve their planning and product development, uncover cross-selling opportunities, all while helping the FI to maintain regulatory compliance."

For more information contact StatementOne at marketing@statementone.com.