Challenges We Address
A fragmented reporting infrastructure is posing considerable challenges to the financial services industry. Reporting needs are increasing each day as a result of changing market dynamics, the introduction of new regulations, and changing internal processes. Multiple groups, processes and systems are involved in generating various analytical reports with redundant tools, processes, and staff, thereby increasing costs.
In this scenario, global risk officers are becoming concerned about navigating critical areas such as emerging risk, regulatory change, business risk management, financial reporting, and compliance and data. With post-crash regulations such as - Basel III, Dodd-Frank, FATCA and CCAR, and EMIR in Europe, the need of the hour is to have efficient and business aligned financial reporting software and tools that can assist them in meeting their regulatory and client reporting needs.
HCL’s Reporting Factory
HCL’s Reporting Factory provides a component-based reporting architecture and financial reporting software that is highly scalable and transferable, and can be configured to generate analytical, MIS, client, regulatory, industry standard, and ad hoc analytical reports. HCL’s Reporting Factory consists of the Design Office, where a team of financial services experts receives report requests and designs the prototypes. Together with this, the Ongoing Report Production function produces reports according to users’ requirements. Both functions are organized as assembly lines with standard processes to enable the effective management of business risk.
What You Can Expect
- Predictability, transferability, scalability, and repeatability
- A single, integrated framework for all your reporting requirements
- Easy maintenance and the ability to enhance and upgrade for future requirements
- Reduced user training and dependence on IT