ANZ selects Wolters Kluwer financial reporting suite
30 September 2013 | 1522 views | 0
Source: Wolters Kluwer
Wolters Kluwer Financial Services today announced that ANZ, the third largest bank in Australia, has selected its Finance and Performance solution to further improve planning, performance and analytics in its Global Markets business.
"Through selection of Wolters Kluwer Financial Services' integrated platform for finance and performance, ANZ will benefit from our financial expertise, highly functional technology and experienced hands-on consultants," said Chris Puype, managing director, Asia-Pacific, at Wolters Kluwer Financial Services. "We are delighted that ANZ has opted for our solution suite and we look forward to building upon the strong relationship already developed through the very effective workshop sessions."
"ANZ selected Wolters Kluwer Financial Services as it will provide a flexible solution to further improve regulatory and management reporting in our global business, as well as the cost benefits that will come as it scales this service across more of its customers," said Jack Cornford, head of Markets Finance System, ANZ. "A core issue for reporting is the mapping and categorization of the organization's data to the many different reports required by the various regulators and other stakeholders. With this solution, core mapping is done once by Wolters Kluwer Financial Services, saving us and their other customers the time required to duplicate this high risk and high cost exercise."
Wolters Kluwer Financial Services provides financial institutions with a fully integrated platform for finance, risk, compliance and performance. Specifically, ANZ will benefit from the following modules:
Centralized data model - single, integrated data repository for multiple use-cases across the finance, risk and regulatory compliance functions.
Product control and trading ledger - automated intra-day P&L production and attribution, granular reconciliation of multiple sources, limits and price verification.
Planning, profitability and performance - tracking and management of costs and revenues at all operational levels and creating budgets, forecasts and simulations.
Regulatory reporting - automated, industry leading, regulatory reporting capability, which is applied to 50 count50 countries' individual regulatory requirements, covering statutory, prudential, statistical and transactional reporting types.