Transforming your data into useful information with Oradian’s Business Intelligence function
According to Gartner’s IT Glossary, business intelligence is a term that encompasses, “the applications, infrastructure and tools, and best practices that enable access to and analysis of information to improve and optimise decisions and performance”. To have business intelligence, which is essential for informed decision-making, your financial institution needs to have:
Accurate, digitised data
The ability to process this data into meaningful information
To use business intelligence for your business’ benefit, you need to make it a central part of the way you and your colleagues make decisions. Based on one of McKinsey’s studies on strategic decision making, leaders can be pulled away from objective data when making decisions by both distortion and deceptions
Distortion is our tendency to be overly optimistic or overconfident when we are judging how likely a certain outcome is. Deception is when misleading information is provided to someone else. Deception can be unintentional or an intentional behaviour used to sway the decision for one’s own benefit. Both distortion and deception affect a leader’s ability to make smart decisions based on business intelligence.
Through our core banking platform, Oradian enables you as a leader of a financial institution to access the business intelligence you need.
Providing accurate digitised data
You need to have digitised data to have business intelligence. Oradian’s team works with financial institutions around the world to get them to the point where they have accurate, real-time digitised data at their fingertips. This is a key part of a financial institution’s digital transformation which includes the following steps:
Migrating your data from notebooks, spreadsheets or a previous core banking system to Oradian’s platform
Cleaning the data to remove duplicate entries and errors
Verifying the data is accurate
Training your team how to digitally enter data
When a financial institution joins Oradian’s community of financial institutions, our Implementation Managers lead you and your team through this digital transformation process.
Delivering the ability to generate business intelligence
After you have digitised data, you can generate business intelligence through Oradian’s core banking platform.
The Business Intelligence functionality enables you to create reports that provide the intelligence you need to make an informed decision.
You can create customised reports independently, at any time and without assistance from Oradian’s Customer Support team or without additional costs.
When creating customised reports, you define the settings and filters so you extract the data you need.
You can also save your customised reports as templates. All reports can be exported in Excel formats. In Excel, you can analyse the data and set filters to present the data to fit your needs. Then this spreadsheet can be saved as a template and uploaded to Instafin where it is saved a custom report, available at all times without configuring it again. Graphs, charts and any types of pivot tables are supported by this module, as in any business intelligence tool.
With Oradian, you can create customised reports based on your unique business. You also have more than 50 standard reports readily available to you. The standard reports cover a range of business operations including:
Instafin’s summary reports
Client Status by branch and credit officer
Client Count by branch and credit officer
Transaction Summary by branch
Income and Expense by branch
Fee Payment report
Share Ownership report
Instafin’s deposit reports
Deposit Transaction Summary by branch and credit officer
Deposit Portfolio Summary by branch and credit officer
Fixed Deposit report
Deposit balance report
Deposit Portfolio Distribution
Instafin’s loan reports
Loan in Arrears by branch, credit officer, centre
Loan Portfolio by product, branch, credit officer, centre
Loan Status Count by branch and credit Officer
Loan Account Maturity
Loans in Arrears report
Scheduled Repayment report
Disbursement Monthly Distribution
Instafin’s management reports
Active loan report
Active deposit report
Written-off by branch
Branch Credit Performance Analysis
Credit Officer Performance
Portfolio at Risk
Portfolio at Risk by branch, product, credit officer and economical activity
Portfolio at Risk evolution
Loan Maturity Summary by branch
Loan Transaction Summary by branch, credit officer, centre
Work with Oradian to make informed strategic decisions
In addition to helping you craft a technology strategy to address your business, goals, challenges and opportunities, through our platform and digital transformation Oradian can enable you to make more informed strategic decisions.
Contact us for more information about business intelligence