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.
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.
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
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.
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.
The elements of the entire program included an Enterprise Data Warehouse, Accounting Hub, and then the various pipes through from our source loan systems into those elements and into our GL. It was a highly complex program, but it was the Accounting Hub which brought it all together and which produces the disclosures needed and the financial statements, without that you’d be scrambling around in spreadsheets or whatever to produce them.
Aptitude Software provides a strong tactical and strategic solution to the integration of data, technology, people and processes. The solution we’re implementing to migrate the asset finance ledger, the Aptitude Accounting Hub, provides a path to streamline our group-level finance architecture. 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.
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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.
Learn more about the Aptitude Software products serving banking CFO’s and their finance teams on our dedicated product pages.
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?
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