The Snapshot Assessment provides many of the same reports and charts that are included with the Full Assessment, but does not utilize an Employee Cost Assessment or detailed core transaction data resulting in a quicker and less expensive solution.
The Snapshot relies on a simplified methodology for developing direct operating cost by product that is based on per unit averages from recently completed Full Assessment clients. These results are then scaled up or down to equal the client's annualized operating expense in total. Other ingredients of cost and financial performance utilize the client's actual data, e.g., product balances, number of loans and deposit accounts, loan yields and deposit rates, loan losses and non-interest income.
While the Snapshot's approach will not yield the same degree of accuracy as the Full Assessment, it does provide reasonable estimates of costs on financial contribution by product.