Average Daily Balance Support in OfficeConnect for Financial Management
With this release, report creators in OfficeConnect for Financial Management can report on the average daily balance for any given account over different time spans, enabling banking customers to assess data like interest required against the respective balance averages.
Watch the video:
4m 43sReporting on Average Daily Balance
Release: 2023-09-09
Report creators can now report on Average Daily Balance (ADB), a standard measure for banking customers.
ADB:
- Provides a true picture of account balances over a period of time.
- Meets regulatory requirements.
Once you log in to OfficeConnect, the Elements tab automatically shows Average Daily Balance as a new value for the Amount Types dimension. No administrative steps are required to set up and use Average Daily Balance.