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Cognos Launches New Book on Proven Practices in Banking Performance Management.


Latest in Cognos' business book series helps banks focus on making better decisions, by function, that drive overall performance

BURLINGTON, Mass. -- Cognos[R] (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: COGN) (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
: CSN CSN Crosby, Stills, and Nash (band)
CSN Centrala studiestödsnämnden (Swedish: state education grant and loan program)
CSN Confédération des Syndicats Nationaux (French) 
), the world leader in business intelligence and performance management solutions, has partnered with industry thought leaders on a new book offering critical insights and proven practices in banking performance management.

The Performance Manager for Banking, developed in collaboration with BI International and PMSI PMSI Purchase-Money Security Interest (generally a lien resulting from a purchase such as a car loan)
PMSI Physician Micro Systems, Inc.
PMSI Programme de Médicalisation des Systèmes d'Information Hospitaliers
PMSI Popular Mortgage Servicing, Inc.
 Consulting, is based on the concept of information "sweet spots" - or key decision areas - and offers bank managers and executives an aggregate view of best practices taken from the most thoughtfully designed and successfully deployed banking performance management initiatives.

Covering strategic industry topics such as risk management, product management, and customer service, the book reviews typical challenges and business issues applicable to each function within a bank, and then details solutions that are based on proven banking practices implemented by the world's leading banks. Templates are included to illustrate what information is required, and how each function - and which role within each function - needs to see it.

"Operational efficiency and organic growth are fundamental benchmarks in the banking market. The challenge is finding innovative ways to service the customer to separate you from the competition. Understanding and incorporating industry best practices is a solid first step to optimizing the business model," said Serge serge 1  
n.
A twilled cloth of worsted or worsted and wool, often used for suits.



[Middle English sarge, from Old French, from Vulgar Latin *s
 Couture, Senior Manager, Business Intelligence Competency COMPETENCY, evidence. The legal fitness or ability of a witness to be heard on the trial of a cause. This term is also applied to written or other evidence which may be legally given on such trial, as, depositions, letters, account-books, and the like.
     2.
 Center, Laurentian Bank of Canada The Laurentian Bank of Canada (Banque Laurentienne du Canada) TSX: LB is a Schedule I bank in the province of Quebec. (It also has one branch in Ottawa, Ontario). .

The Performance Manager for Banking taps into both the authors' collective expertise in performance management and Cognos' extensive footprint in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 industry. Critical insights, proof points and recommendations provided in the book reflect many of the successful performance management strategies Cognos has powered for over 1,000 banking customers worldwide, including 9 of the top 10 banks in Europe and all of the top 10 banks in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. .

"Regardless of a bank's size, geographic scope or product mix, the challenges remain the same - increase revenues through effective cross-sell strategies, mitigate mit·i·gate
v.
To moderate in force or intensity.



miti·gation n.
 risk, adhere to adhere to
verb 1. follow, keep, maintain, respect, observe, be true, fulfil, obey, heed, keep to, abide by, be loyal, mind, be constant, be faithful

2.
 industry regulations, and maximize operational efficiencies through greater visibility into performance," said Frank McKeon, Financial Services Industry Director at Cognos. "This book spotlights the critical partnership between key decision-makers across a banking organization, and the people who provide the necessary information that drives better decisions. The book offers a strategic framework for banks to help leapfrog the gaps between first implementation, proven practices and strategic deployment of business intelligence and performance management solutions, on an enterprise scale."

The Performance Manager for Banking is the first industry-specific iteration One repetition of a sequence of instructions or events. For example, in a program loop, one iteration is once through the instructions in the loop. See iterative development.

(programming) iteration - Repetition of a sequence of instructions.
 of The Performance Manager, released in January 2007, and builds on the foundation initiated 10 years ago when Cognos originally commissioned The Multidimensional mul·ti·di·men·sion·al  
adj.
Of, relating to, or having several dimensions.



multi·di·men
 Manager - 24 Ways to Impact Your Bottom Line in 90 Days and The Multidimensional Organization: How to Deliver the 24 Ways. Demand led to the printing of more than 400,000 copies, many of which remain in use by organizations worldwide today.

About the Authors and Availability:

The Performance Manager for Banking is now available for order direct from Cognos at http://www.cognos.com/banking.

It was authored by Roland P. Mosimann, Chief Executive Officer, BI International; Dr. Richard Connelly, Chairman, BI International; Patrick Mosimann, Founding and Joint Managing Director, PMSI Consulting; and Meg Dussault, Director of Corporate Positioning, Cognos, in collaboration with Laurence Trigwell, Associate Vice-President of Financial Services, Cognos, and Frank McKeon, Financial Services Industry Director, Cognos.

About Business Intelligence International:

BI International is a global expert in providing the frameworks, structures, and analytics that allow businesses to properly manage risk and performance. Since 1995, with The Multidimensional Manager and subsequent DecisionSpeed[R] framework, BI International has pioneered core principles for aligning a·lign  
v. a·ligned, a·lign·ing, a·ligns

v.tr.
1. To arrange in a line or so as to be parallel: align the tops of a row of pictures; aligned the car with the curb.
 information needs with roles, decision-making processes Presented below is a list of topics on decision-making and decision-making processes:

| width="" align="left" valign="top" |
  • Choice
  • Cybernetics
  • Decision
  • Decision making
  • Decision theory


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, and cascaded goals to drive performance. In 2004, BI International also launched its AlineT Platform for on-demand Governance, Risk, and Compliance. These Software as a Service (SaaS) solutions seek to 'right size' Fortune 1000 capabilities so they become affordable for small and medium sized companies.

For more than 10 years, BI International has led the development of key business intelligence solutions for companies both large and small across the Financial Services, Manufacturing, Pharmaceutical, and other industries. Beyond its direct customers, BI International has influenced thousands of companies worldwide through its thought leadership, frameworks, workshops, and design tools. For more information, visit the BI International Web site at www.aline4value.com.

About PMSI:

PMSI provides practical and commercial solutions to drive performance with data-driven decision-making using a combination of business consulting skills, data integration, and analytical analytical, analytic

pertaining to or emanating from analysis.


analytical control
control of confounding by analysis of the results of a trial or test.
 capability. The design of a successful performance management solution requires the expert understanding of the business decisions and drivers across various responsibilities and functions. PMSI acts as a bridge between the insights needed within a business and the potential IT capability and delivery. The focus is to fully leverage the innovative use of technology and create highly repeatable, business-led solutions while reducing cost of delivery. PMSI's experience ranges across industry sectors and markets; this cumulative business knowledge and flexibility of solution and approach is of particular value to its clients. For more information, visit the PMSI Web site at www.pmsi-consulting.com.

About Cognos:

Cognos, the world leader in business intelligence and performance management solutions, provides world-class enterprise planning and BI software and services to help companies plan, understand and manage financial and operational performance.

Cognos brings together technology, analytical applications, best practices, and a broad network of partners to give customers a complete performance system. The Cognos performance system is an open and adaptive solution that leverages an organisation's ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. , packaged applications, and database investments. It gives customers the ability to answer the questions -- How are we doing? Why are we on or off track? What should we do about it? - and enables them to understand and monitor current performance while planning future business strategies.

Cognos serves more than 23,000 customers in more than 135 countries, and its top 100 enterprise customers consistently outperform Outperform

An analyst recommendation meaning a stock is expected to do slightly better than the market return.

Notes:
Exact definitions vary by brokerage, but in general this rating is better than neutral and worse than buy or strong buy.
 market indexes. Cognos performance management solutions and services are also available from more than 3,000 worldwide partners and resellers. For more information, visit the Cognos Web site at http://www.cognos.com.

Cognos and the Cognos logo are trademarks or registered trademarks of Cognos Incorporated in the United States and/or other countries. All other names are trademarks or registered trademarks of their respective companies.

Note to Editors: Copies of previous Cognos press releases and Corporate and product information are available on the Cognos Web site at www.cognos.com.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved.

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Publication:Business Wire
Date:Sep 25, 2007
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