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Financial Services
Niteo's consulting services help financial services institutions to implement the technology infrastructure and supporting business processes necessary to respond to the increased challenges created by convergence, consolidation, compliance, increased cost-pressures, personalized service requirements and a diverse distribution model. Banks, capital market and brokerage firms utilize business intelligence in every aspect of their business from sales, marketing, new account opening, corporate finance, compliance and risk, wealth management, customer service to back-office functions such as trading, reconciliation, billing and financial reporting. Leveraging the Cognos business intelligence environment we can help you achieve:
- Consistent, accurate information - A dramatic increase in acquisitions and consolidations have created more complex environments, many of which are supported by fragmented organizations, processes, technologies and applications. Information management is the biggest challenge and opportunity in the Financial Services industry. Financial Services companies can recognize great benefits by integrating risk, finance, and customer and compliance information. Faced with increased regulatory requirements and greater customer demands institutions need to exert tighter control over data accuracy. Niteo helps you determine and implement the appropriate data and reporting architecture strategy that ensures operations management, sales, customer service, and finance have appropriate data for decision support and planning.
- Planning, budgeting and forecasting capabilities - Information is stored in a common repository with feeds from ERP, BPM, and other legacy systems. Driver-based planning, scenario "what-if" type analysis, integrated workflow capability and forecasting using global profiles along with a user-friendly web interface.
- Robust navigation capabilities - Information is be stored in an open architecture to integrate with web-services, CRM, BPM, rules engines and other applications and enable effective and timely web based navigation rather than relying on the data structures found in legacy applications. Firms have leveraged SOA architectures to increase agility and integrate application functionality across different technologies. A converged environment can help Financial Service organizations better manage regulatory compliance, and more have access to more complete data to drive informed decision making.
- Better decision-making capabilities - Our financial dashboard and reporting capabilities assist your company's decision making capabilities and measure sales, campaign success, compliance, product profitability and revenue growth. The solution suite help organizations effectively capture, manage, analyze and apply the types of information required to manage daily operations, competitive threats and critical business decisions for an enterprise. Our Information Management solutions enhance the value of knowledge assets, promote information access, and provide the tools to analyze and manage that data to support timely, relevant and effective business decisions. Institutions attain cost benefits by integrating risk, finance, and customer and compliance information. Our solutions move away from rigid data architectures with new tools and capabilities consistent within a SOA context. Our dashboards and reporting tools help the operations within each functional area as well as the performance of key distributors, partners and suppliers. Business intelligence and analytics solutions will also improve capital allocation by consolidating, analyzing and reporting on risk information. These solutions also provide metrics and performance indicators to better monitor how the organization is performing.
- Real time decision-making capabilities - Niteo's operational dashboards and scorecards track progress against key performance indicators and provide your management and staff with a timely, easy to understand view into sales, operations, distribution and service. These solutions also provide metrics and performance indicators to better monitor how the entire institution. This will facilitate the prioritization and customization necessary to address the operational requirements for business functions driven by compliance, risk initiatives, regulatory requirements such as Sarbanes-Oxley and OFAC, new business and service.
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