Financial institutions today face mounting challenges—growing regulatory demands, fragmented financial systems, and time-consuming manual processes. As banks scale, ensuring data accuracy, compliance, and operational efficiency becomes even more critical.
East West Bank recognized these challenges and took decisive action. By implementing the OneSumX for Finance ledger solution, they transformed their financial operations, improving data integrity, streamlining reporting, and positioning themselves for continued growth.
The bank challenge
As one of the fastest-growing banks in the Philippines, East West Bank needed a robust financial infrastructure that could:
- Eliminate inefficiencies caused by fragmented data systems
- Automate manual financial processes to reduce errors
- Ensure compliance with IFRS and local regulations
- Support business expansion with a scalable solution
The OneSumX solution
OneSumX for Finance provided a unified financial data platform, allowing the bank to:
- Automate reconciliation and validation across all financial data
- Improve data transparency for better decision-making
- Reduce reporting cycles and ensure seamless compliance
- Scale efficiently to meet future growth needs
Customer benefits
With OneSumX, East West Bank achieved:
- Greater trust in financial data with automated accuracy checks
- Faster period closes, freeing finance teams for strategic analysis
- Regulatory confidence, ensuring compliance with evolving standards
- Cost savings through automation and efficiency gains
"With OneSumX, we have ready access to all our financial data from a single version perspective. This positions us for a more competitive stance." CFO, East West Bank
Ready to future-proof your financial operations? Download the case study to see how OneSumX for Finance can help banks streamline compliance, reporting, and financial data management.
Access the Finance Transformation Case Study.
