More Articles About Reporting
Claims Processing Key Metrics - Claim Cycle Time: This indicator gauges the typical processing time from claim filing to settlement. This KPI is monitored by insurance operations analysts to spot bottlenecks and speed up the claims process. Claims Settlement Ratio: Based on the total number of claims received, this KPI determines the proportion of claims that were successfully resolved. It aids analysts in assessing the efficacy of claims management procedures. Average Claim Cost: Analysts may see trends and patterns that may affect the company's profitability by looking at the average cost of claims. For monitoring claim reserves and pricing rules, this KPI is important...
Days Sales Outstanding (DSO) - To put it another way, DSO counts the typical number of days it takes a business to be paid for a transaction. Faster payment collection is indicated by a reduced DSO, which is usually good news for a business. Organizations are able to evaluate the effectiveness of their credit and collections procedures by monitoring DSO on the integrated receivables dashboard...
Flexible Ad Hoc Dashboards - The built-in interactive customization of InetSoft's visualization dashboards offers the first level of ad hoc reporting. Furthermore, analysts and power users can easily create new dashboards through a drag-and-drop web app. These users can be further empowered with data mashup ability to dynamically introduce new data for ad hoc reporting...
Payment Processing Time - The length of time it takes to execute a payment transaction from start to finish is called the payment processing time. This KPI is essential for determining delays or inefficiencies in the payment process, gauging how effective payment systems are, and streamlining the payment process. Payment operations analysts may enhance customer satisfaction, optimize processes, and lower the possibility of late payments or missed deadlines by assessing processing times...
Trading Operational Efficiency - Investment operations analysts depend on the KPIs and data listed below to ensure operational efficiency: Trade Settlement Cycle: The duration needed to complete and settle deals is measured by the trade settlement cycle. To ensure fast settlement and lower operational risks, analysts track this KPI to spot any delays or bottlenecks in the settlement process. Trade Errors: Trade mistakes may have a big financial impact. For the purpose of determining the reasons, putting preventative measures in place, and boosting operational effectiveness, analysts keep track of the quantity and kinds of trade mistakes, such as inaccurate order inputs or unsuccessful deals. Straight-Through Processing (STP) Rate: STP rate is a measurement of the proportion of transactions that can be handled entirely online. High STP rates are the goal of investment operations analysts since they lower the risk of mistakes, increase efficiency, and simplify operational processes...
What Types of Transaction Reporting Are There? - Transaction reporting encompasses various types of reports that document and provide insights into different aspects of financial transactions. These reports serve regulatory, operational, and analytical purposes for businesses, financial institutions, and regulatory authorities. Here are some common types of transaction reporting: Trade Confirmation Reports: These reports confirm the details of a financial trade or transaction between counterparties. They typically include information such as the trade date, transaction type, quantity, price, currency, and settlement terms. Trade confirmation reports are essential for ensuring accuracy and transparency in trading activities...