Business Applications

Applications use data from the Data Marts and / or the database but add value by solving specific business problems. Typically they also:

• provide information aggregated in a variety of ways with drills to detail
• add information (e.g. cost allocation, weighting, limits)
• add structure (e.g. timebands, hierarchies)

As an example. Huma BI has created a Financial Reporting Application:

• “Push-button” production of Balance Sheet and Profit & Loss reports and complex derivations.
• Highly configurable - simultaneous support of multiple financial reporting hierarchies.
• Flexible management of end of period adjustments.
• Balance Sheet analyses can be performed by product, customer, timeband and transaction.
• Supports netting options for Balance Sheet accounts.

• Faster, more accurate reporting at period-ends.
• Headcount savings in Finance.
• Reduced operational risk by eliminating end-user applications.

Other applications are running live at clients, for example:

• Customer / Product Profitability: Allows a bank to create highly customised views of customer, product and organisational profitability around their own business structures. Key is the ability for a bank to add their own revenue and cost allocation methods.
• Liquidity Management: Provides today’s liquidity position plus time-banded inflows / outflows to the end of book, with optional intra-day calculations.
• Customer Exposure: Captures daily information to allow the bank to monitor its exposure to its clients. Information can be organised in many ways e.g. facility, country of risk, credit rating, industry, currency, business unit etc.
• Loan Forecasting: Users can model the business required to meet revenue targets.