StrunklaunchesanewPricingManagertoolto makeCFIsmoreprofitable
CustomerslookingforthelatestCommercialloan,depositpricingand relationshipprofitabilitytoolwillsoonbeabletopurchasePricing ManagerbyStrunk.
PricingManagerisdesignedtoappealspecificallytocommunityfinancialinstitutions andincludes:PricingTool-Thisfeaturewasincludedbecausecommunityfinancial institutionsneedtoensurelendersarearmedtopriceloansprofitablyand consistentlybasedontargetprofitabilityobjectives.
ThisisgreatnewsfortheconsumerasItalsoprovidesthe abilitytounderstandthedetailsofrelationshipprofitability sobetterpricingdecisionscanbemade.
PricingPower-Thiswasmadepartofthe product,sinceseeinghowmuch'pricing power'eachdepositbringstotheloanor totalrelationshiphelpsCFIsunderstandthe keydriversofprofitability.
CustomerswhobuyPricingManagershouldenjoy thisfeaturebecauseitofferslenderstheabilityto varyrate,fee,riskpremiumandtermstructure amongothervariablesanddeveloppricingoptions forborrowersthatallachievethetargetROEforall typesofloans.
CustomizableAssumptions-StrunkmadesuretomakethispartoftheCommercialloan,deposit pricingandrelationshipprofitabilitytool'sdevelopmentasourbuilt-inassumptionsforloanorigination, loanservicingandcostoffundsupdateautomaticallyonaweeklybasisfromFHLB.
Customerswilllikelyappreciatethis becausetheycanuseourstandard assumptionsormaketheirownbased onoriginationcosts,servicingcostsor riskprofiles.
Thisleadstoconsistentprofitability acrosseveryloantypeandevery relationship.
Armlenderswiththetoolsneededinanincreasingly competitiveenvironment
Allowinstantadjustmentstoa shiftingrateenvironmentand ensurepricingconsistency. Provideclientswithpricing offersthatwillwinmoredeals.
