Data Management

Resources

 

Case Study

Enterprise Datawarehouse & Analytics for Banks (enterprise data warehouse and analytics for banking)


 

Resources

  • Automate your Reports to Achieve Better Productivity

In each organization or company, there are numerous reports that need to be generated across all lines of business. Some are intended for internal use while other reports are to due to regulatory requirements.

Traditionally, staff resources produce these reports using combination of manually gathering information from paper-based documents and compiling information using conventional tools or software application such as excel.

Each of those reports generated were commonly purposed to service a specific need. To create detailed report requires manual, resource-intensive work pulling data from various sources and is open to human error. Plus large volumes of data means processing times are lengthy, and available management reports are limited in number and scope. By using business intelligence tools and services from Simian, companies can automate their reporting, resulting in better productivity and efficiency.

Simian works with clients to produce high-level information requirements and develop an effective project roadmap through pre-assessment workshops. To rapidly build internal support for the project, new reports were delivered incrementally, a couple at a time.

The solution provides quick, easy, online access to data – allowing client’ staff to focus on their business instead of the validity of their reports. Because Simian solution sources all of its data from the client’s data warehouse (and not manually-entered spreadsheets), managers can now be confident the data underlying analysis reports is consistent and accurate.

The time savings achieved by utilizing these methods are approximately 30 per cent on various reporting tasks. Significant productivity improvements will also result as staff are no longer required to undertake tedious manual work, and managers have instant online access to reports.

Companies utilizing business intelligence services from Simian are now able to respond more quickly to changing market conditions because they have fast access to the various reports they need.

  • Risk Management: Assess and monitor risk in Banking
  • Financial Consolidation: A better way to manage financial data

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Case Study

Enterprise Datawarehouse & Analytics for Banks (enterprise data warehouse and analytics for banking)

To grow and prosper in today's ever-changing world, banks too must change. They need to transform themselves by moving beyond the status quo and any associated organizational silos, infrastructure complexities and other constraints - and toward an operation centered on the client.

How will banks achieve this transformation to become the bank of tomorrow? Based on our experience in helping our banking customers, we believe that insight is a key differentiator. This conclusion is a natural evolution relating to globalization, simplification and specialization.

To succeed in the new economic environment, banks must not only avoid excessive risks, but also rebuild and strengthen client trust and mindshare.
Smart banks in both emerging and mature markets should invest in sophisticated insight to specialize their operations and offer products and services at prices that are aligned with their clients' needs and behavior.

Specifically, banks should leverage their insights to better manage risk, become more client- centric, and enhance operations by reducing or avoiding complexity.
While mature market banks should focus on eliminating complexity and reducing costs, banks in emerging markets need to diversify their income sources, while maintaining costs. And banks worldwide need to invest in analytics to help them specialize operations and deliver superior products and services that best meet their clients' needs.

Simian methodology and best practices for enterprise data warehouse and analytics has been proven to help our clients become more productive.

Explore how your organization can quickly leverage on analytics solutions through our pre-assessment workshop.

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