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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 with help of HCL;s unique and specialized solutions around Excel. 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. HCL’s Excel services allow 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

HCL’s Excel services provide 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. Our Excel services 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's 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 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
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What Customers Say

“Throughout this project HCL was responsive and adaptable to the various changes that occurred, while remaining focused and productive. Additionally, HCL has a sharp understanding of our business processes and technology environment, which has offered us the added benefit of not disrupting our own staff during this important integration.“

- CIO, New Jersey based P&C carrier

We are pleased with HCL’s implementation approach in a global delivery model leveraging the proposed solution accelerators in areas of data conversion, integration and reporting related to claims.”

- CIO, A Leading Mutual Insurer in US