5 days to 1 day
Automation enabled reports to be created in 1 day as opposed to a previous 5 day average
Background
In the global financial services industry, enterprise risk management frameworks require KPIs’ to calculate, track and monitor emerging risks within the business. How can advanced analytics automate this process whilst improving accuracy, quality and transparency?
Technology partners
Alteryx
Alteryx automates analytics, data science, and processes in one unified platform to accelerate digital transformation. Organizations rely on Alteryx to rapidly upskill their workforces and deliver strategic, high-impact, business outcomes. First Alteryx Global Premier Partner
2019
North American partner of the year
120+
expert consultants
6+
years of partnership
Challenge
With over 100 separate KPI’s, data flows into the risk framework from various operational systems, including trading platforms and user-submitted manual inputs. This process takes a considerable amount of time to continuously collate manually and is prone to error, which could lead to regulatory fines.
Approach
Collect risk monitoring data from end users via Alteryx Gallery apps. Automate data integration from multiple enterprise systems and manual inputs with Alteryx workflows, allowing for centralised data and ease of reporting. Produce a suite of Qlik Sense apps, tailored monitoring dashboards with daily updates for self-service analytics, as well as automated outputs for quarterly committee reports.
Key results
Benefits
Consistent, traceable data processing in Alteryx improves transparency and confidence in reporting outputs End-to-end automation of data processing for committee reporting, replacing manual processing time of 5 days per week to 1 day. Qlik Sense dashboards provide self-service data directly, while robust row-level security maintains separation between data for competing brands within the business.
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