Finance back office in a box for a startup bank in the US

Delivered​


  • A significant data exercise with proof of rules to prove the Finray product

  • Creation of a finance warehouse that includes all customer account data including deposits, loans and card services extracted from FiServ​

  • All source, master and reference data validated​

  • Daily P&L and Balance Sheet​

  • Project time: 3 months

  • Project cost: $225K​

  • Business requirements for automation of finance processes (phase 2) collected​

  • Embedded ad-hoc reporting capabilities delivered​​

Supporting functional architecture


  • A pre-defined common, retail banking data model​

  • Normalized transactional, master, and reference data across all retail product types​

  • Environment able to be maintained 100% by finance staff without IT support for configuration and use​

Finray approach


  • Start with a pain point (every FS firm finance function has them)​

  • Deliver credibly and quickly​

  • Identify the road map for further improvement​

  • Repeat​

Learn how Finray can simplify accounting, control and analysis, saving time and resources for your finance department.

Learn how Finray can simplify accounting, control and analysis, saving time and resources for your finance department.

Learn how Finray can simplify accounting, control and analysis, saving time and resources for your finance department.