Success Story
Client Introduction
A well-known US-based super-regional bank that offers retail and commercial banking services, wealth and asset management, investment solutions, and more.
Problem Statement
The bank faced challenges with business intelligence and reporting for its lockbox services, hampering operational effectiveness and decision-making. Despite the dedicated human capacity allocated for reporting, the process was inefficient and prone to errors due to manual efforts. The key challenges were:
- Manual data extraction, cleaning, and transformation.
- Laborious and time-consuming process for report consolidation.
- Risks of inaccurate reporting due to mismatched information and other human errors.
- A dedicated MIS resource was necessary to create the report daily.
Solution Offered
Anaptyss deployed Business Intelligence (BI) experts to evaluate the bank’s reporting setup for lockbox operations and determine the optimal solution. The team worked with client partners at the bank to gather information related to process flows, data sources, data volumes, etc., and define key objectives. The project completely transformed the reporting capability with a cloud-based and real-time Power BI® dashboard.
Key Solutions Delivered
- Implementation of Real-Time Power BI Dashboard
- Developed an automated scheduler to fetch data from the portal.
- Designed the logic to upload the data to a cloud-based MySQL database.
- Transformed the data using Power Query and created rich, visual reports for KPIs.
- Published the dashboard to Power BI Service.
- Implemented auto-refresh and row-level security on the dataset.
- Testing and Deployment
- Conducted extensive User Acceptance Testing (UAT).
- Incorporated user feedback and launched the dashboard.
- Maintenance and Optimization
- Continuous monitoring and optimization of database queries.
- Regular backups to support database restoration.
- Developed an automated scheduler to fetch data from the portal.
- Designed the logic to upload the data to a cloud-based MySQL database.
- Transformed the data using Power Query and created rich, visual reports for KPIs.
- Published the dashboard to Power BI Service.
- Implemented auto-refresh and row-level security on the dataset.
- Conducted extensive User Acceptance Testing (UAT).
- Incorporated user feedback and launched the dashboard.
- Continuous monitoring and optimization of database queries.
- Regular backups to support database restoration.
Business Outcomes
- 100% faster reporting, with access to real-time insights.
- Effective decision-making with rich and intuitive dashboard.
- Minimized risks due to accurate reporting.
- Improved forecasting and planning with timely insights.
Want to learn more or need a solution?
Write to us: info@anaptyss.com