SmartAnalysis®
SmartAnalysis is the most powerful, comprehensive, customer-friendly commercial bank fee analysis software on the market. Regardless of how many accounts you maintain, or how many banks you use, SmartAnalysis can download, analyze and verify bank fee data in minutes. What’s more, SmartAnalysis presents data to you, on demand, in well-organized windows that make comparative analysis easy. SmartAnalysis automatically identifies discrepancies, tracks refunds due and pinpoints overcharges.
“What-If Manager” Supports Fee Management
The exclusive “What-If Manager” allows users to create an unlimited number of banking scenarios to determine and negotiate the best combination of prices and services. Using actual data, SmartAnalysis projects the effect of changes in volume, pricing and bank relationships with the click of a button, without permanently affecting the actual data used as a baseline. In addition, SmartAnalysis can evaluate fee differences within one bank or among several, using our user-defined comparison codes, and even compare industry-standard pricing against current or proposed banking relationships. In short, SmartAnalysis makes it easier to develop the comparative information needed to negotiate the most favorable service options and pricing contracts.
Flexible and Easy to Use
SmartAnalysis puts data from every account and banking relationship into a single, comprehensive format. This “side-by-side” display allows straightforward comparisons and highlights trends in volume, pricing and service types across all accounts. SmartAnalysis translates disparate fee structures from bank to bank into standard itemizations for quick evaluation. Navigation is straight-forward and intuitive, a “point-and-click” environment makes resolving outstanding discrepancies simple. Multiple sort categories, including by bank, account, service code/description, date range or amount, simplify efforts to query for precise information. SmartAnalysis includes comprehensive end-user and management reports as well as a report writer that makes it easy to produce customized reports. SmartAnalysis supports the Electronic Bank Account Management (EBAM) initiative, in which more corporations and banks are connecting through SWIFT to easily update, open and adjust accounts. This eliminates some of the initial paperwork, and allows users to refer back to contractual information, and promote the electronic request format.
Promotes International Expansion
Chesapeake is actively adopting international banking codes and statements formats such as TWIST, making SmartAnalysis an ideal tool for companies expanding into the global marketplace. Furthermore, SmartAnalysis has the ability to utilize user-defined comparison codes, which normalize inconsistencies across international banks.
SmartAnalysis Key Features:
· Compares services from one or more banks against negotiated pricing agreements.
· Offers a “What-If Manager” that allows users to do side-by-side comparisons, forecasting and budgeting.
· Flags bank errors and tracks refunds and credits.
· Automatically allocates expenses and posts charges to the General Ledger.
· Provides user-defined queries to look at specific data points.
· Facilitates efficient bank fee budget evaluation.
· Highlights dormant, overdrawn, under-utilized or service-ridden accounts.
· Tracks costs across multiple business units for accurate division of expenses and profitability measurement.
· Provides detailed audit trails showing updates and compliance adjustments.
· Presents a user-defined Executive Dashboard, with graphs and charts that show metrics focused on your various banking relationships and individual service charges.
· Accepts international bank statements in TWIST format.
· Tracks daily volumes, allowing users to confirm that month-end charges reflect actual use on demand
Implementation: The Choice Is Yours
• Licensed SmartAnalysis: Firms wishing to keep IT functions and bank-fee analysis in house can license and implement SmartAnalysis. The application operates in a platform-independent environment, and Chesapeake offers "worry-free" implementation services backed by an unparalleled customer support staff.
• Hosted SmartAnalysis: This cost-saving option eliminates the need to install and maintain the software. Chesapeake hosts the application in our modern, secure data center, and you upload your files and access SmartAnalysis locally via the Internet. Chesapeake’s advanced browser functions make data upload and system use as seamless as installation on your own server. Chesapeake applies all system enhancements and regularly updates the database with changes.
• Outsourced SmartAnalysis: Firms wishing to reap the benefits of outsourcing can do so with confidence, knowing that Chesapeake offers an outstanding turnkey solution. Our dedicated staff possess IT, banking, and analysis expertise and understand current trends in bank customer services. Our secure data center offers advanced technology, freeing you from system administration responsibilities and the costs associated with software purchase, training and staffing.
Each month, Chesapeake’s outsourced bank statement analysis function will include:
• Bank file retrieval
• Report production, identifying by bank
• Identification of price adjustments
• Recommendations regarding service fees
• Regular meeting to discuss report content and action items
• Administrative functions
• Premium Maintenance Plan Available
Chesapeake’s objective is to maximize customers’ use and understanding of the rich functionality SmartAnalysis brings to their treasury operations and explore other ways the company can leverage the application in its operations. Toward this goal, Chesapeake offers a premium maintenance plan for companies seeking to take bank-fee analysis to the next level. It includes
• Reviewing discrepancy process and resolution
• Reviewing bank confirmations
• Reviewing negotiated pricing and comparing to national standards
Contact Us
With SmartAnalysis, you’ll see things more clearly. To find out more about the benefits that SmartAnalysis can deliver to your financial operations, click the links below.
