HSH Nordbankexpects to save £300,000
in staff costs at its UK operation by deployingbusiness intelligence software. The
software will be used to produce management reports forcompliance audits.
The German bank, which has 4,400 employees worldwide and 131 in
the UK, would have had to hire staff at a cost of £500,000 over
five years to extract and analyse data to compile the reports,
compared to the one-off cost of buying software.
The packaged application from
Granville incorporates tools to extract and analyse data from
several different sources and store the results in a separate
database.
"The packaged approach saved us the effort of having to
integrate different components," said David Forster, head of
operations at HSH Nordbank.
The success of the UK roll out will be used as a basis for
deploying a similar application in its Asian business later this
year.
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