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Vnum 

Traceable Reporting 

For the C-Suite in a Instant

Use Cases

Do your team’s valuable time spend on manually preparing reports and data instead of analysis?
 

Do you have high turn-over in your team because of lengthy work hours?
 

Imagine what you could do with the time you can save from automating reporting process, and use it in creative and value added task like analysis?  

Regulatory Submissions

With focus of the business changing towards data, regulators are asking to report more data points particularly from financial Institutions. For example APRA, the ABS and the RBA released a proposal for a modernised data collection renamed the Economic and Financial Statistics (EFS) collection. The complex nature of data in financial Institutions makes a very interesting use case for automation. Conventional data warehouse and data lineage is not efficient enough to make financial institutions to respond to the changes quickly. Our solution provide the agility require to adapt to the changes smoothly.

 

Fund Distributions & Reporting

The wide variety of funds available and the data-driven nature of fund reporting including distribution calculation, coupled with the regulatory and the tax requirements make a great case for automation. When a legislative changes happen it creates a great challenge for fund administrator to adapt the changes because even their SME’s do not foresee the impact on the numbers unless they create a prototype. If fund administrators who manage thousands on funds on behalf of their client do not have an adaptable reporting system the period end reporting is a nightmare for their fund and tax accountants. Our solution enables fund administrator to respond to the changes efficiently and cost effectively.

 

Data Ecosystem for Member Based Organization

Integrating many systems and making data driven system is challenging for member based Institutes such Institutes of Accountants, directors, taxation. Their challenge is to integrate CRM, GL, marketing and social media silos. Converting unstructured data into structured data is the challenge they need to overcome to create an efficient data eco system internal to the organisation. Our solution through creating virtual data models by integrating various data sources, give control back into the hand of the Institutes to create data driven decision on their next event or for market campaign.    

 

Data Ecosystem for Government

Would you like to improve customer experience in government services? Digital transformation will help government achieve this. Digital transformation and data driven decision making capabilities go together. An efficient data ecosystem is essential for government sector. It requires integrating data from various services centres of government. It is a challenging tasks for any government who want to focus on data and digital transformation with keeping privacy and security of data. Our scalable solution makes it possible to integrate various sources of data without physically transferring it to another repository and reduce the compromise on data security.    

 

Data for Machine Learning & AI

Machine learning and AI are the buzz words nowadays. An organisation who would like to explore these path first require clean data to obtain a meaningful results as a machine learning model is created by feeding data into a learning algorithm. Someone had to write that algorithm and then train it with true and reliable data. Over time, the model can be re-trained with newer data, increasing the model’s effectiveness. 

 

Reconciliations 

For an accounting & finance professional performing various reconciliations are always a challenge. Period-end reporting together with reconciliation is most time consuming activity they perform and the dilemma is they have to perform the same activity every month, quarter and year. Reconciling sales system or product system to GL can be a night mare. Using our solution they can schedule exceptional report or complete reconciliation in their email or in folder, no need to copy paste and waste a lot of time.

 

Complex & Critical Excel Process

We have seen a lot of technological advancement today buzz words like block chain, big-data etc are everywhere but still there are people in finance or operations are dealing with user defined tools in VBA or Access for critical processes. It seems like they will never get out of spreadsheet trap. Our solution take all the complex tasks and turned it into tamed beast.

 

We have seen a lot of technological advancement today buzz words like block chain, big-data etc are everywhere but still there are people in finance or operations are dealing with user defined tools in VBA or Access for critical processes. It seems like they will never get out of spreadsheet trap. Our solution take all the complex tasks and turned it into tamed beast.

Financial Reporting

For many companies, month-end close can be a long drawn-out process that cause finance team a lot of pain. Sourcing data from multiple system, reconciliation of the numbers, getting information from another division together with various version of excel and lack of control give finance family a nightmare to handle. ROAD framework provides data integration and flexibility that users can write business rules of their own without involving IT in a desired templates. Reports are scheduled to run together with supporting documents and reconciliation.