EFG Reporting solution is a boon for financial institutions that provides capabilities to address the complex and ever-changing global regulatory/compliance reporting requirements. An add-on feature is that it also additionally addresses all the in-house MIS reporting and Head Office reporting requirements.
At the core of the EFG is a Reporting Engine power horse that empowers the user to generate any kind of complex reports, even new ones within a short turn-around time, without dependence on IT teams – eliminates manual report preparation and enhances report accuracy.
Functionality
Source data:
Efficient and flexible in-built Data extraction tools to extract data from any core (Banking) system and related systems.
Seamless data extraction from all types of data sources - database tables, flat files, CSV files, XL files, XML, etc.
Process:
End-to-End automation of reporting solution with no user (IT) involvement; System error log automatically mailed to maintenance team.
Streamlined end of day/month procedures that run seamlessly
Errors from source data identified can be corrected manually within EFG under four-eye control principles
Powerful and un-editable audit trails of all changes made
Enables data enrichment for reporting requirements collating data from third party/independent providers
Users can rerun any failed/error process
Automated backup of database and restoration of backup database objects, generation of reports
Reports:
Easy to define any new report - almost on demand and in short time period
Environmentally friendly - All Reports are auto-archived without limitation of any time period; hard copy printouts can be minimized
Accessibility to reports driven by rights defined in the User Profile- restricts viewing/generating and report level access
Reports auto emailed to defined users after generation
Access to reports available to C-Suite managers / senior officials – 24/7
Report Submission:
Automated electronic submission of Regulatory report using Standard Business Reporting (SBR/XML) or delimited files
Features:
Support multiple General Ledgers and COA (Chart of account)
Leveraging Regulatory data for MIS and other types of reports
Facilitates reconciliation of report data to source systems and various audit reports for all summary reports
Month-end data snapshots made available for quick response to any query from Regulators
User Access level defined through a group access profile; uses Single Sign on (SSO) authentication
Supports Risk, compliance, statistical, operational, treasury and all type of data users with reports
Single source of data to ensure accuracy and consistency
Intensive Taxonomical approach has been eliminated as the Report engine uses simple data field mapping resulting in ease of use and avoidance of system-mandated mapping overheads
Interface features enables integration of core application and related systems to have consolidated data/position
Technology:
Browser based multi-tasking User interface
Scalable database solution
Business logic built on extensive database programming for optimal performance
Independent of any programming languages/tools
Ease of use as system plugs into Crystal Reports, reporting tool for generation of reports
Table driven Parameters setup
Profile/ Need based Access
Logging (Audit) all Table updates
Developed using .NET/MSSQL database/Crystal reports
