In partnership with a technology service provider we have developed a tool specifically designed to assist credit institutions in meeting their regulatory reporting requirements by providing for efficient financial data reporting and analysis. It automates the generation of standard reports, as required by Regulatory Authorities in terms of the applicable Rules and regulations, namely BR-05 and BR-06. Automation also enables ad-hoc querying, aimed at speeding up and reducing the response time for preparing and submitting the reports which, are covered by very strict and tight deadlines.

The tool has an edge in processing massive data and in providing the capability of generating more general reporting requirements as well as when it comes to the extraction of data from multiple processes fur further processing. Being a tool which can be used by finance staff rather than IT experts it also provides flexibility and allows for future customisations and additions.