| A consolidated,
standardized Profit & Loss
application delivers cost
efficiencies and
transparency for one of the
largest financial services
institutions in the world |
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The Client
Our client is one of the
largest financial services
institutions in the world
and has 200 million
customers in over 100
countries. |
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The Challenge
The client needed to
standardize its Profit &
Loss application across its
global locations for unified
reporting. The challenges
were:
- Re-engineering of business
work flows for P&L
calculations that were
spread across multiple
systems.
- Re-engineering interfaces
with more than 50 external
systems
- Manage trade transaction
volume in millions
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The
solution
We developed an
integrated system for our
client to ensure
standardized and efficient
processing for P&L
calculation. This allows for
regional as well as global
consolidated P&L reporting.
The new system has the
ability to handle increasing
business growth as well as
feature enhancements and
modifications. |
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features
- Common P&L processor
for cash products
facilitating:
- Same-day Global P&L
reporting
- Full functionality
across regions and local
time
zones
- Facilitation of a
centralized FX exposure
management process
- Flexibility to operate
on any business day,
regardless of whether it is considered a local
holiday elsewhere
- Common interface to
ledgers and sub ledgers
to facilitate:
- Consistent adjustments
process
- Enhanced control over
netting and affiliate
activity
- Singular P&L
reporting, front-to-back
reconciliation and
adjustments vehicle
- Reference Data
migration &
consolidation
We also provided value
added services like:
- Large pool of business
analysts for business
process re-engineering
- Provided training to
client team on emerging
technologies like
Rational Suit and TIBCO
BW
- Established process
and methodology around
usage of rational and
Ab-Initio
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the benefits
- The scalable
application has been built
to support 1.8 Million
Transactions and 1.2 million
positions per day. It
involves multiple
technologies and interfaces
with over 50 up stream/ down
stream applications.
- Business risk mitigation
due to integration of P&L
calculators
- Cost efficiencies due to
improved and centralized
control
- Provides greater
transparency for business
through standardized global
processing
- Customizable features for
regional processing
- Service oriented
architecture that supports
business growth
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