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When integrating internal financial
processes and applications… Quovera was everywhere
Visa wanted to be.
Business
objectives:
- To develop a single consistent
budgeting and forecasting process
- Create a roadmap and implementation
plan, including testing, for the new process
- Develop support systems for
the new process
Visa USA had multiple budget, forecasting,
reporting and financial modeling process's and applications
throughout the organization. The lack of a single
consistent process and technology platform resulted
in a sub optimal, time consuming budget and forecasting
process that often resulted in inconsistent results.
As a result of the result
of the Quovera solution, Visa has:
- Integrated financial information,
including: General Ledger, Accounts Payable and
Accounts Receivable
- Cleaned and scrubbed financial
data to ensure consistency
- Given online access to
this system to all department managers
- An integrated, accurate
and consistent view of the creation, consumption
and flow of financial information within the organization
- Better accuracy, quality
and timeliness of business processes
- Improved understanding
and communication throughout the budgeting and forecasting
process
- A more streamlined and
more accurate financial forecasting process capable
of adapting to changing business needs
full
case study
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The financial
services industry is rapidly undergoing a transformation impacted
by consolidation, convergence, deregulation, globalization,
technology innovation and other trends related to the increased
sophistication of capital markets. As a result, financial
services, banks and brokerage companies are racing to develop
diversified solutions to adapt to the challenges of an ever-changing
economy.
In order to be successful in the Financial Services Industry,
you must be able to:
- Provide the highest level of customer
satisfaction globally
- Enable customer access to accurate,
and secure information online, and in real-time
- Comply with regulations governing
global financial transactions, especially in the post 9-11
world
- Make quick, informed & intelligent
business decisions grounded in up-to-the minute facts
- Collaborate with a large number
of inter-dependent external organizations and integrate
their disparate processes, systems, technologies and data
- Stay vigilant of competitors and
new players entering the market, offering disruptive services
through technology innovation and radical business models
- And above all, remain focused
on the bottom-line
No matter what
aspect of the Financial Services industry you specialize in…
no matter where you are in your growth cycle… Quovera
has experience with your particular business challenges.
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