Turkey's Finansbank has deployed MicroStrategy's business intelligence technology to support its financial reporting and analysis processes.
Virginia-based MicroStrategy says its business intelligence platform was selected for its ability to handle large data volumes and its single consolidated interface enabling consistency in financial reporting.
The vendor says within two months of deploying the technology, the bank produced two hundred reports with highly complex calculations.
Cagdas Ozgenc, assistant VP, strategic information management, Finansbank, comments: "MicroStrategy enables us to quickly and efficiently disseminate vital financial reports and analysis throughout the organisation."
Ozgenc says MicroStrategy's data-mart functionality makes it possible for staff to store results of analyses in a database so the outputs can be fed to other applications within the corporation, including data mining tools.