Benefits

Huma BI products provide many benefits:

• 'One version of the truth' ensures that all bank staff can now be confident in the quality of their information when making decisions.
• Reduced costs for getting at the information required, so improving productivity. This is achieved by:
  • Allowing a bank to make its operational data easily available to all bank staff as needed, typically via their own intranet using a web-based interface.
  • Building a history of detailed transactions and financial data across all business areas and providing a summary of the bank's business for all its products. From summary views, it is easy to drill to detailed transactions and postings.
  • Making all information available in one location for immediate analysis and reporting. This means staff no longer need to spend considerable time gathering data from many sources, then manipulating, reconciling and investigating differences.
• Information can be viewed and analysed in ways that were not possible before, leading to better-informed decisions and improved productivity. This is achieved by:
  • Performing trend analysis from the complete history of transactions and postings.
  • Using powerful tools for analysing, modelling, charting and reporting vast amounts of information in real time.
• Operational Risk is reduced by:
  • Ensuring the Information Layer is secure, complete, reconciled and controlled.
  • Providing a single, secure and auditable route into source systems.
• Reduces the need for all staff to be able to use the many different bank systems as they use a single system from Huma BI, to retrieve all the information they need. This reduces training costs and improves productivity.
• Protects investment in legacy systems by providing much improved management information while continuing to use the same source systems. This means core banking systems continue doing what they are good at, namely transaction processing .. while information is provided by Huma BI products which have been designed specifically for providing MI and BI.
• Should the underlying source systems ever change, the information continues to be presented to bank staff in the same way. This also ensures banking history is instantly available when changing systems, so helping reduce training costs and reduce operational risk during any system transition.
• Reduced costs of System Interfacing - Having a single accurate, granular and timely source of banking data can remove the need and costs of many point-to-point interfaces between bank systems.
• Quick Delivery means these benefits can be available almost immediately.