Experts in Finance and Accounting Software for the Banking Industry
For banking finance teams, future success means controlling costs and driving efficiency while modernizing core systems necessary to support innovative, data-driven, and digital-first experiences with consumers and provide insights to the business.
Accurate and real-time planning and forecasting as well as robust scenario planning will also be critical to adapt to global uncertainty and increasing competition.
Additionally, banks must continue to push applications to the cloud to increase the scalability and efficiency of finance architectures.
A recent McKinsey Global Banking Survey found that banks spend roughly 65% of their budget on maintaining legacy architecture, leaving only 35% available for innovative initiatives.
PwC’s recent retail bank survey found that 61% of retail bankers say a customer-centric business model is very important but only 17% are very prepared for it.
Experts in the intersection of banking, finance, and technology
Aptitude Software offers a portfolio of solutions purpose-built to support CFOs as they drive finance automation, accelerate cloud migrations, and digitally transform the finance department to meet the evolving needs of the business.
Fully automated finance and accounting hub and subledger solution for banks
The Aptitude Accounting Hub (AAH) is a finance management solution for organizations looking to modernize and simplify their finance department through centralized and fully automated finance, accounting, and reporting. AAH supports
- smart compliance,
- finance control,
- business agility,
- operational efficiency,
- and strategic foresight.
It creates a single, trusted version of finance data that can be used to improve analytics and forecasting. AAH is available in multiple deployment models including SaaS, private cloud or on-premise.
Perform complex calculations, conversions and cost allocations based on high volumes of data from multiple source systems
Aptitude Calculate is a scalable, standalone, multi-purpose finance calculation and cost allocation engine. It empowers finance business users to perform complex and multi-dimensional calculations, conversions, and allocations based on high volumes of transactional and operational data feeds from multiple source systems.
- Generate cost allocations for multiple compliance standards and multi-GAAP requirements, ensuring data availability and access and removing spreadsheet dependencies
- Disaggregate allocations and ensure transparency in calculation and allocation logic.
- Automate calculations like Share Base Payments, Impairment analysis, Risk-Weighted Average and more
What our banking customers are saying
The Aptitude Accounting Hub, delivered as a managed service by KPMG
KPMG’s Managed Service offers an industry-specific configuration of the Aptitude Accounting Hub, tuned to support an extremely high degree of automation. This gives CFOs and their teams access to a proven, industry-leading accounting software solution delivered by one of the most trusted advisories in the world.
Resources to learn more about finance and accounting software solutions for banks
For even more resources visit the Resource library
General
Calculation and Cost Allocation
Finance in the Cloud
The Digital Finance Mandate: Transforming the office of finance in Financial Services
Forget a return to normal, it’s time for CFOs to create a better normal. Discover how to build a finance department for the future.
Product portfolio for Banks
Learn more about the Aptitude Software products serving banking CFO’s and their finance teams on our dedicated product pages.
Ready to learn more?
If you would like to learn more about our finance and accounting software solutions designed for banks, then why not book a call with one of our experts or schedule a free demo?