Skip to main content

Excel Services

Challenges we address

In a demanding competitive environment, global financial services institutions face a pressing requirement: better collaboration between their departments. Through a joint initiative between Microsoft and HCL’s Penstock Product Engineering Division, clients now have access to solutions for effective data exchange, and reporting and repurposing. Excel Services, a new server technology included in Microsoft Office SharePoint Server 2007, covers areas like risk reporting, securities financing, derivatives processing, and market trend analysis. This server version of Excel allows sharing, versioning, and auditing of the workbooks that enable:

  • Integration of vector language
  • Spreadsheets to act as data warehouses
  • Spreadsheets as an array store
  • Grid deployment using spreadsheets
  • Enterprise-oriented spreadsheets that provide a single view of enterprise data
  • Complete auditability and accountability with customized features

What you can expect

The solution provides the best of traditional Excel and client server-based features that can easily run on the grid for performance enhancements, with built-in auto compile, auto validate, and audit options. It can also enhance the capability to build rapid applications, thereby reducing time to market. Other benefits include:

  • The ability to load and perform calculations on a server
  • A server-side HTML rendering engine to display worksheets in a browser
  • Integrated document and web content management with policies and workflow
  • Rich and web-based front-ends
  • Enterprise scalability and rich data search options

HCL Solution Framework for SOA in Payments

HCL’s framework for implementing SOA in a business-critical payments environment involves a single payment architecture that allows banks to identify duplication and to define a step-by-step migration to common utilities based on open standards. This pragmatic approach splits each payment process or silo into three elements of functionality: origination, order management, and payment execution. Separating these three layers makes it is possible to isolate the diverse set of origination channels (e-mail, fax, EDI, internet, phone, etc.) from the payment execution and processing systems.

A crucial component is the ESB based on an SOA. By using a service-oriented approach, we can decouple and reuse existing application and middleware components in an unobtrusive way, thus providing a low-risk transition to the new architecture. HCL complements this evolutionary approach with a strong implementation methodology that focuses on customer service and payment system resilience.

Credit Risk Reports - HCL Tech

What Customers say

“We chose HCL as a strategic partner to help us manage our existing applications and implement new technologies. HCL has been responsive to the needs of the IT group and our customers, and has been committed to delivering high-quality services with a level of flexibility required by our business."

- CIO, Fortune 15 insurance company


"Our bank won many of the most important IFR awards, including Bond House of the year, Interest Rate House of the year, and the overall Derivatives House. You played a key part in this achievement."
Global Head, Rates, leading global investment bank