What is MIS?
Management Information System is a management system that controls revenues, expenses, budgets, forecasts, and the follow-up between budget x actual, enabling the crossing of several pieces of information and the calculation of the results obtained from negotiations and products.
Why do you need MIS?
It is a system developed to solve common problems in the controlling, commercial, planning, ALM, and Product&Control areas of financial institutions, such as
- Management and allocation of revenues and expenses to wrong areas;
- Difficulty in elaborating and managing budgets;
- High complexity to define budgets for new projects;
- Capacity to strategically analyze the areas that generate profits and losses within the financial institution.
Benefits of MIS
✓ Ease and agility in identifying the most profitable person or area;
✓ Integrates information and directly attacks the difficulty in preparing and controlling budgets or allocations of expenses and revenues;
✓ Receives all the institution’s expenses, such as payroll, rent, machinery, and crosses them with all the parts of the banks’ revenues (that are in SQUADRA), classifying them by cost center.
