Aptitude Software provides leading global banks with software systems that help them address multiple reporting requirements while driving their businesses forward.
The banking industry continues to face numerous challenges due to an evolving regulatory landscape, added business complexities, heightened competition and increasing demand for transparency. As a result, the role of finance in banking is more complex than ever.
Bank CFO’s are increasingly contributing to the bank’s strategic decision making process, while addressing these external challenges. Finance organizations must streamline financial, statutory and management reporting requirements, integrate granular data from across the organization and reduce the time and cost of finance transformation projects. With this shift, the role of finance requires an accounting engine and finance platform that achieves financial control and delivers finance-quality information with cross-divisional alignment.
Retail and investment banking technology systems are oftentimes strained due to aging technology and a complex patchwork of disparate systems. As banks continue to evaluate and improve their operations to keep up with the fast pace of change they are facing, technology will play a key role in helping to modernize finance while improving efficiencies and streamlining operations.
Achieving centralized costs, improving reporting and generating a rich source of data in an agile environment can be a reality. As you move towards a real-time finance close, a highly granular and accurate finance data source will be the foundation needed to deliver business value.
The Aptitude Accounting Hub is an operational platform for finance teams that centralizes control, improves reporting and generates a rich source of data with the agility to handle future changes.
Aptitude Software provides Banks with the following benefits:
- Effectively address regulations with flexible architecture to meet current and future reporting and calculation needs
- Streamline financial, statutory and management reporting requirements
- Specialist out-of-the-box package addressing the needs of banks to solve finance challenges
- Increase controls with access to detailed information from a single, central hub
- Deliver finance-quality information with cross-divisional alignment across multiple source systems
- Unlock financial insight by understanding the profitability of customers, products and other dimensions
- Handle vast transaction volumes by utilizing leading big data technologies including in-memory, in-database and in-Hadoop processing
- Reduce the time and cost of finance transformation projects
Through the use of our best-of-breed accounting engine, Aptitude Accounting Hub leading banks are able progressively transform finance and address their key challenges.
Alternatively, we would love to chat with you about our work with leading banks across North America and Europe – contact us here.