Advantage Systems, a provider of accounting and contract management tools for the mortgage and real estate industries, has added a dashboard analytics feature to its Accounting for Mortgage Bankers (AMB) software package.
The AMB Dashboard Analytics is Advantage Systems' implementation of a comprehensive and easy-to-use Online Analytical Processing (OLAP) view of data, according to Advantage Systems. OLAP is a member of the broader category of software known as Business Intelligence.
Because the added dashboard feature expands the scope of traditional accounting systems, data can be more easily accessed and used by presidents, CEOs and non-accounting staff. The information is displayed through charts and graphs, making the accounting reports and information easier to read and understand.
This feature can be used by decision makers to study real-time loan profitability and can help determine which loan products, branches and loan officers are most profitable, the company adds. Another attribute of the dashboard feature is the ability to illustrate activity on loans even after closing – aiding in the effort to track amounts due from fees and ancillary expenses.
Source: Advantage Systems