OmniLytics Risk Analytics ALM
About OmniLytics Risk Analytics ALM
OmniLytics Risk Analytics ALM Pricing
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Most Helpful Reviews for OmniLytics Risk Analytics ALM
1 - 6 of 6 Reviews
Matthew
Banking, 51-200 employees
Used monthly for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed November 2020
OmniLytics Risk Analytics ALM
The customer service that we receive at OmniLytics is by far the best out of all of the vendors we deal with, which is attributed to our relationship manager, [SENSITIVE CONTENT HIDDEN] . He is the fastest responder to e-mails. No matter what we ask he always responds immediately with a well thought out response. He is extremely knowledgeable and always willing to take the time to share that knowledge with us. [SENSITIVE CONTENT HIDDEN] has really helped us to enhance our ALM skills, especially when it comes to analyzing the results.
PROSThe software is very user friendly and it is easy to set up new accounts within the ALM model when needed. The software has room for a lot of accounts to be set up so we have been able to set up accounts at the product level in order to analyze our results at a detailed level. There are several reports generated from the model, which provides various level of details, which has been very helpful in analyzing and presenting our results.
CONSWhen we do ALM benchmarking with our investment broker they determine the NEV of the investment portfolio using the OAS methodology. It would be nice to have that as an option in this software as well. We do receive data files in text formats, which can be opened in Excel. If there was a way to be able to import changes to assumptions back into the ALM model through an Excel file that would be a great enhancement. However, we do have the best relationship manager, [SENSITIVE CONTENT HIDDEN] , who always thinks outside the box, so he has always been able to find an efficient solution for questions or issues that we bring up.
Vendor Response
Hi Matthew, Thank you for your great review. This means the world to our team, who works hard to make your experience out of this world! We will pass along the good feedback, as well as your ideas. And as always, reach out if you need us. (You know where to find us.) -MSJ
Replied November 2020
PAUL
Banking, 2-10 employees
Used more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
4
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed October 2020
North Districts Community Credit Union Review
I have used this ALM software for over 15 years and have been very pleased with the results. More importantly, our state and federal examiners are also pleased with the reporting.
PROSThe dashboard provides a simplified view of our ALM position in a quick easy to understand diagram(s).
CONSInterest Rate Sensitivity Simulations require a re-run of the reports at extra cost, not surprisingly but would be nice to run simulations on the fly at no cost. I run internal modeling for these.
Vendor Response
Hi Paul, it is great to hear that you have used our software for over 15 years and are still 10/10 likely to recommend us! Also, we love that your state and federal examiners are pleased with the reporting. That is the goal! Thank you again for taking the time to review our solution! - MSJ
Replied October 2020
Kaley
Online Media, 501-1,000 employees
Used monthly for less than 12 months
OVERALL RATING:
4
EASE OF USE
3
FUNCTIONALITY
4
Reviewed May 2022
Pretty straightforward
Access to comprehensive report set and insights which improve workflow, risk management and data integrity! Guidance is helpful.
CONSSometimes having too many features is overwhelming, but not the least bit concerning if you get familiarized fast. I don't use this too often.
Vendor Response
Hi Kaley, thank you for your time to review OmniLytics Risk Analytics ALM. Glad that you like the access to comprehensive report set and insights. Even better that this improves your workflow, risk management and data integrity! What could we do to improve your experience and earn a higher review? -MSJ
Replied May 2022
Donnie
Financial Services, 11-50 employees
Used more than 2 years
OVERALL RATING:
4
EASE OF USE
4
VALUE FOR MONEY
4
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed October 2020
IRR Model
We value our relationship with FIMAC (NxtSoft). [SENSITIVE CONTENT HIDDEN] is our representative and he is extremely responsive and very knowledgeable. He also takes the time to explain the system to us and helps to interpret our data from time to time.
PROSThe software is easy to use and the NxtSoft representative that help us is fantastic.
CONSNo particular dislikes at all about the system
Vendor Response
Hi Donnie, thank you for your kind words! We are pleased that you have had a great experience with OmniLytics and ranked us a 10/10 likelihood to recommend! We will pass on your remarks about your great support representative as well! Thanks for taking the time to leave a review, and as always, let us know if we can be of assistance. - MSJ
Replied October 2020
David
Banking, 11-50 employees
Used more than 2 years
OVERALL RATING:
4
EASE OF USE
3
VALUE FOR MONEY
5
CUSTOMER SUPPORT
4
FUNCTIONALITY
4
Reviewed October 2020
Review of Risk Analytics
Quarterly IRR review. What-if scenarios for product release.
PROSMeets the needs of a small bank, providing good overview of IRR. Easy access to assistance.
CONSWe enter information manually - would prefer automated entry. We do not engage in off-balance sheet transactions or transactions with high degree of optionality so do not know the software's capabilities.
Vendor Response
David, thank you for your comments. Great to hear that the software is meeting your needs and that you find access to support easy as well. Glad that the Quarterly IRR review and what-if scenarios are helping you. Again, thank you for taking the time to leave us a review!
Replied October 2020
Justin
Banking, 51-200 employees
Used less than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
3
Reviewed October 2020
NXTsoft OmniLytics Risk Analytics ALM
My overall experience with OmniLytics Risk Analytics ALM has been positive over the 18 months that I have been using the software.
PROSI like the ease of use as the software is very intuitive, the value for the cost, and the outstanding customer support.
CONSI dislike the limitations on the forecast time horizon (23 months) and the limitations on the number of standard interest rate shock scenarios that are included in the model.
Vendor Response
Thank you Justin for your balanced review! We are going to pass your comments along. Appreciate your perspective, and glad to hear that the software is intuitive, a good value for the cost, and that our customer support team is taking care of you.
Replied October 2020