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Using Alteryx to automate processes at an international bank

275%

ROI

10

workbook processes replaced

14

use cases completed

Background

A multinational investment bank is one of the world’s leading financial service organizations. Despite advancements in digital, the organization continued to rely on manual processes. They were spreadsheet-based and dependent on an outdated database system. They also lacked a data governance framework, making it difficult to standardize processes and ensure data quality. As data volume continued to grow, they knew they needed to implement a modern, more efficient solution.

Challenge

The company wanted to save time and reduce full-time employee cost while also reducing errors. They also wanted to create auditable, automated workflows with key operating procedures (KOPs) to eliminate key person dependency, turn use cases into apps for company-wide use, drive direct-from-source automation, implement a data governance model, and enable the Alteryx user community.

Approach

- Added two Keyrus Alteryx experts to their team to onboard employees to the tool and assist with enablement - Helped the company implement an Alteryx workflow called Automated Alteryx Documentor - Customized the workflow specifically for the organization

Key results

01
Removed need to manually compile Key Operating Procedure documents for each use case
02
Standardized processes to ensure data quality
03
Significantly reduced errors

Benefits

After just five weeks, our team helped the organization complete 14 use cases equaling the work of 1.5 full-time employees per year and an ROI of 275%. Ten workbook processes were replaced, and as a result of training and support, the organization now has five subject matter experts to continue their work. With 16 use cases still in progress, the company will save an additional 1 full-time employee yearly effort.

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.

120+

certified consultants

8+

years of partnership

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