200 Financial Institutions Automate Financial Forecasting and Budgeting with Jack Henry


Budgeting and planning tool helps increase efficiency and strengthen performance

MONET, Mo., July 26, 2022 /PRNewswire/ — Jack Henry & Associates, Inc.® (NASDAQ: JKHY) today announced that more than 200 banks and credit unions are relying on the company’s financial performance capability to automate financial forecasting and reporting.

These institutions benefit from a flexible solution that allows them to create efficient and accurate forecasting models in a changing economic environment. The ability to analyze data that is standardized, automatically updated and designed for each institution’s unique business model is critical to their financial health. With the financial forecasting and reporting tool, bankers can apply files from any central system, create a budget, create what-if models, view budget versus actual variances, and compare case scenarios. test.

Kristopher CricchiVice President and Chief Financial Officer at $1 billion-asset GSB, said: “Understanding accurate financial performance and forecasts is integral to the success of any institution. We think about it daily, but the process of generating interest rate reports, adjusting budgets and modeling test cases can take weeks if done manually – not to mention delays. Jack Henry provides the flexibility and scope we need to plan our budget effectively, while accurately predicting how future scenarios will evolve. It is a powerful aid in GSB’s plan to prioritize customer needs and help them navigate any economic environment.”

matt rileyChairman of ProfitStars, said, “Forecasts and projections can seem to change as quickly as news cycles. It is therefore essential to have dynamic and complete reports, standardized, easy to digest and available quickly. In a world of constant change, preparation is key to strengthening risk management. Financial forecasting and reporting helps community and regional financial institutions achieve their short- and long-term strategic goals to strengthen their organizations and the solutions they offer to end users. It helps them adapt skillfully to changing scenarios and provide the financial support that businesses and consumers need. »

About Jack Henry & Associates, Inc.

Jack Henry (NASDAQ: JKHY) is a leading SaaS provider primarily aimed at the financial services industry. We are an S&P 500 company that serves more than 8,000 customers nationwide and markets through three distinct brands: Jack Henry Bank® provides innovative solutions to community and regional banks; Symitar® provides industry-leading solutions to credit unions of all sizes; and ProfitStars® offers highly specialized solutions to financial institutions of all asset sizes, as well as various corporate entities outside of the financial services industry. With a legacy of openness, partnership and user-centricity spanning over 45 years, we are well positioned as a market driving force in cloud-based digital solutions and payment processing services. We provide our clients and consumers with human-centric, cutting-edge, knowledge-driven solutions that will take them where they want to go. Are you ready for the future? Additional information is available at https://www.jackhenry.com/pages/default.aspx.

Analyst contact:

Vance Sherard, CFA

Senior Director – Corporate Development and

Investor Relations

(417) 235-6652

Press contacts:

Mark Folk

Sr. Manager Corporate Comm

(704) 890-5323

THE SOURCE Jack Henry & Associates, Inc.


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