MALVERN, Penn. – Akcelerant has announced a successful milestone in the Akcelerant Profitwise product roadmap.
The company said that due to investments in the product, the data and processing for Profitwise profitability will now be hosted and maintained in the cloud-based environment, Akcelerant Spotlight.
“The culmination of these enhancements will further streamline the profitability process and reduce manual effort to submit, validate and manage data,” the company said.
According to Akcelerant, Profitwise offers cost development and profitability solutions grounded in behavior-based methodology, revealing insight into the economic impact associated with account holders specific to each financial institution. As part of the profitability process, financial institutions periodically update the system with additional data to ensure that the reports and analytics produced through Profitwise reflect the current state of the financial institution, the company said.
“The new cloud-based profitability solution dramatically reduces the amount of manual effort required to complete the data refresh and increases visibility and accuracy through progress monitoring tools, side-by-side report comparisons, data integrity checks and alerts,” the company said.
For info: www.akcelerant.com.