Misubishi Trust and Banking Corporation is using technology from Sagent to automate the production of its US annual reports, in a move to reduce both manpower requirements and production costs.
The Japanese bank claims to have reduced the time to assemble its US annual reports from approximately seven man-months to less than five working days since installing the Sagent system.
Takashi Nakashizuka, chief manager, planning and coordination, global markets business group, Mitsubishi Trust and Banking, says: "The solution is easy to implement and use, thus reducing development costs. There was a high degree of completeness in the product, including the system security features required in our industry, and it had already been used by many financial institutions, including the New York branch of Mitsubishi Trust and Banking."