Learn how a leading European bank transformed its Finance function to align data and accounting using OneSumX for Finance
Financial institutions face the challenge of integrating disparate systems while meeting stringent regulatory requirements. A leading European bank, having grown through strategic mergers and acquisitions, overcame these hurdles with OneSumX for Finance from Wolters Kluwer, a centralized, aligned, and future-proof financial solution for banking institutions.
What the bank needed
To centralize and align data and accounting streams.The solution
OneSumX for Finance providing:- High-quality, granular, daily data for enhanced accuracy and transparency
- A single source of truth for financial figures, reducing reconciliation efforts with our general ledger solution
- Automated processes and control frameworks to streamline operations
The results
- Fully centralized banking accounting data/hub
- Real-time monitoring and daily reconciliation for regulatory compliance
- A simplified system landscape leading to reduced costs and complexity
Learn how you can transform your finance operations with the same solution trusted by leading banks:
- Automated processes to reduce manual intervention and errors.
- Compliance-ready tools for banking institutions navigating evolving regulations.
- A future-proof solution trusted by leading global banks.
Access the finance transformation case study.
