Mackinac Island, MI (PRWEB) November 16, 2006

The Institute for Lean Innovation, home of the Lean Innovation CUBE, today announced that Bart Huthwaite, Institute Founder, will facilitate a three hour pre-conference workshop at the Front End of Innovation Europe on January 22, 2007, in Munich, Germany.

The presentation, “The Innovation CUBE: How to Turn Great Ideas into Business Solutions” is scheduled from 1:00 p.m. to 4:00 p.m. at the ArabellaSheraton Grand Hotel Munich.

The conference, produced by the Institute for International Research, will feature speakers from Adobe, Google, Unilever Foods, Pricewaterhouse Coopers, Massachusetts Institute of Technology, Ryanair, Siemens and many more.

The Institute for Lean Innovation assists corporations such as General Dynamics, Motorola, Raytheon, Masco, Microsoft, General Electric, Johnson & Johnson and others with integrating Lean Innovation, using the Innovation CUBE methodology, into on-going Lean, Six Sigma and Continuous Improvement initiatives. The Lean Innovation Cube provides a platform for a systematic and repeatable innovation process without disturbing existing initiatives.

To learn more about the Institute, please visit our website at www.innovationcube.com.

Contact:

John Keogh

Institute for Lean Innovation

906-847-0966

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The IBM Cognos Relationship Pricing for Commercial Banking Blueprint offers commercial banks a performance management framework that enables relationship managers to efficiently model and price both credit and non-credit deal scenarios that are in line with corporate objectives. Managers can analyze proposed deals against a customer’s existing portfolio, giving them complete visibility into the customer’s total projected profitability and corresponding risk, making it easier to identify a deal price that will meet or exceed a bank’s defined earnings hurdle rates, and improve risk-adjusted return on capital.

“In this climate of economic uncertainty, punctuated by the recent sub-prime mortgage crisis, effective pricing of products and services for customers is critical. Competitive pricing, at the relationship level in particular, stimulates organic growth, drives new customer acquisition and cross-selling opportunities, and improves overall profitability and risk management,” said Patricia Hines, senior analyst, wholesale banking, at TowerGroup.

Combining out-of-the-box functionality from IBM Cognos 8 Planning and IBM Cognos 8 Business Intelligence (BI) software – including dashboards, analytical reports and a pre-configured data model – and encompassing banking industry best practices, the IBM Cognos Relationship Pricing for Commercial Banking Blueprint features:

* pricing capabilities for Credit and Treasury services
* deal and relationship profitability analysis capabilities for multiple pricing scenarios
* user-defined dashboards offering relationship managers book of business, profitability and proposal information to facilitate decision-making
* flexible dashboards offering executives high-level, up-to-date revenue, profitability and risk information across all portfolios
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“Spreadsheet-based pricing models are ineffective because they cannot deliver holistic customer relationship information and insights which commercial bankers need to effectively price new business. These shortcomings are magnified given banks heightened focus on operational efficiencies and risk mitigation,” said Francis McKeon, banking industry director at Cognos. “The IBM Cognos Relationship Pricing for Commercial Banking Blueprint offers a consistent best practice risk-based pricing model where relationship managers can quickly evaluate new business pricing scenarios, measure their profitability and associated risk impact, then compare it against corporate hurdle rate targets. This assures executives that pricing deals are being developed in line with corporate goals, and can be easily adjusted as strategies change.”

Available immediately to customers, the IBM Cognos Relationship Pricing for Commercial Banking Blueprint is the fifth in a series of Banking Performance Blueprints launched by Cognos since 2006, including solutions for branch performance, corporate and retail banking customer segment performance, and risk-adjusted profitability. Cognos also offers a Performance Blueprint for insurance product profitability.

Cognos is a recognized leader in delivering performance management solutions for the banking industry. Over 1,000 financial services institutions worldwide use IBM Cognos solutions, including nine of the top 10 banks in Europe and all of the top 10 banks in the United States.

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