The FP&A and regulatory teams have never been as critical as today to their businesses. They are at the crossroads of two key demands:
– Support their business lines and leadership with accurate and timely indicators of their performance (P&L, general ledger, etc.)
– Respond to their regulatorsâ€™ reporting requirements (Fed Reserve, SEC, proxy statements, etc.)
The traditional analytical cubes such as SSAS, TM1 or Essbase, are unable to scale with the constant growth of data to consume, and struggle to deliver acceptable performance to their users.
In parallel, IT has to deliver new data platforms on Cloud or Hadoop providing elasticity and scalability to support the scale of data financial analytics requires. There is an urgent need for a new analytical platform to achieve instant response time for queries across millions of consumer banking customers, hundreds of investment portfolios, trillions of transactions, managed across multiple countries and currencies.
Watch our webcast to learn how you can transform financial analytics into a fully automated process at a fraction of the cost, setting you free to focus solely on analysis and prediction.