Capital markets product control workstation at a large US bank​ ​

Delivered​


  • P&L and Balance Sheet, daily and aggregated over multiple periods​

  • P&L sign-off process​

  • Many reconciliations ensuring SORs’ Positions, Transactions, Balance, and Journals data reconcile

  • Extensible platform for further business requirements and reporting

  • Project time: 2 years from business requirements to go-live (the Finray platform was built during this period)

  • Additional functionality build now in discussion​

Outcomes​


  • 30% labor reduction​

  • 75% reduction in manual control points​

  • 90% improvement in processing time​

  • Higher quality, more transparent reporting​

Supporting functional architecture


  • A pre-defined common data model​

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

  • Metadata related to data ingestion, data quality, tasks, and reconciliation​

  • Source to target data mapping 100% visual with easy rules functionality ​

  • Embedded, pre-defined, and extensible data validation to ensure complete and accurate data​

  • Easily configured job processor​

  • Data quality dashboarding​

  • Dynamic reporting embedded​

  • Adjustment functionality within the Finray platform​

  • User interface to maintain/update master data and reference data​

Built for continuous improvement​


  • Control rules enable finance users to query, transform, aggregate, and report on data across data entities, attributes, functions, and joins

  • Outputs are stored as extensions to the data model

  • Rules are built without code through the interface

  • Rules are assigned and ordered within tasks and workflows​

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.