Holding Company Module & Branch Modeling

Holding Company Module

This module allows users the ability to combine databases for each of the separate legal entities into a consolidated view of overall profitability or risk profiles including consolidation rules for eliminating entries. The combined database for the Holding Company then can be modeled using the sub-entity assumptions on growth and pricing to assess overall levels of risk.

Branch Modeling

Within the design of FARIN Foresight is the ability to add a third dimension to the chart of accounts. While this dimension is referred to as branches, a more appropriate term might be responsibility centers or departments. All share the same chart of accounts. Some departments will only use a limited portion of the chart of accounts (cost centers). Others will use more complete portions (branches and profit centers).

This module allows for planning, standardized reporting and variance reporting at the department level. Departments are automatically rolled up into the level of the institution. Branch modeling is a necessary module for simple branch level decentralized pricing using iPrice, and for any form of profit center profitability.

Want to learn more about FARIN Foresight or schedule a private demonstration for your institution today, follow the links to the left or contact us at sales@farin.com or 800.236.3724 x1.