iPrice is more than software. It's a Deposit and Loan Pricing Solution

The iPrice Deposit and Loan Pricing Program is a complete package to succeed in today’s competitive deposit markets where management strives to increase accounts and balances, grow and retain business, monitor and track deposit and loan programs/offerings, and manage margins.

The iPrice Deposit and Loan Pricing Program provides a complete interactive deposit pricing solution, a partnership between the management team and the successful deposit experience of the FARIN team. It is comprised of three key components – custom consulting, data management, and interactive software.

Your data management and process is performed using the iPrice software on FARIN servers. FARIN education and consulting is delivered via the web, on-site, at FARIN or at a FARIN Consulting workshop.

Understanding current positions and past actions are critical components in structuring future successes.

The iPrice Deposit and Loan Pricing Program begins an assessment, or a Initial Strategic Review (ISR), of the current offerings, marketing efforts, and other pricing factors. You then have one of three different options of the Initial Strategic Review, based on the complexity of the project and your asset size.

Upon completion of the review, the you are armed with pricing disciplines and options for attacking markets and implementing proven practices. The key to successful implementation includes proper management tracking tools.

The use of the iPrice model allows the Pricing team or ALCO to “what-if” new ideas while tracking the progress and assessing the success of plans during implementation. To stay on track throughout the process, FARIN is also available as an consultant to your team in building consensus, reviewing or making critical changes, evaluating options, and helping to communicate the bigger picture issues in daily decision making.

With the complete iPrice Deposit and Loan Pricing Program you are armed to:

MEASURE current, past and potential future pricing actions, effectiveness of new offerings and alternatives to produce desired results.

MONITOR competitive market interest rates, survey data, your pricing rules, and mix of product offerings to see trends and goals.

TRACK key metrics for evaluating effectiveness of new offerings or changes to pricing strategies.