Customer Case Study

Customer: A Financial Services Company

Challenge

Senior executives of a market-leading financial services company needed focused insight into key financial and operational metrics. The company had invested many millions of dollars in business systems, data warehouses, and legacy business intelligence tools. Yet not one executive had online access to actionable and meaningful information. A layer of business and financial analysts interacted with multiple information system platforms and manually prepared executive management presentations. Information presented to the key decision-makers was in most cases three weeks old. They needed to eliminate not only the manual process but also to reduce data latency significantly.

The initial challenge also included the need to bring forward high-value information that existed only in reports created from the data warehouse. This was necessary as financial information reported to external regulators and shareholders existed only at the report level. The many calculations performed at time of report creation did not exist in the underlying data structures and there was no room for error duplicating the already validated and trusted metrics.

Solution

Theoris Vision Software™ automates the capture of key performance indicators (KPI’s) from trusted data sources. Executives now have a single view of business activities which is easily communicated across the enterprise with a Web-based interface. Instead of simply seeing a snapshot of business data, they can spot trends and perform calculations and analysis on the data at any time, anywhere.

Result

As a result of implementing Theoris Vision Software, the company realized a reduction in data latency from three weeks to 48 hours. Prior to Theoris Vision Software, no executives had online access to key performance indicators. After implementation, 100% had online access to key performance indicators in an actionable context. The solution also unlocks the financial data they need for external regulators and shareholders, because it seamlessly gathers relevant information, performs important calculations, eliminates data duplication, and implements an alert system that tells them about hot spots in business activities.