Deutsche Postbank slashes reporting time with IBM Smart Analytics

The London branch of Deutsche Postbank has deployed IBM Smart Analytics For Insights on Credit Risk in its commercial real estates (CRE) business, replacing manual data collection.

The London branch of Deutsche Postbank has deployed IBM Smart Analytics For Insights on Credit Risk in its commercial real estates (CRE) business, replacing manual data collection.

The IBM technology gives the bank a single view of business information.

Head of IT at Deutsche Postbank, Clarel Sookun, said, "The system has really proved its worth by reducing the time it takes to produce our reports for CRE from hours to minutes and they are accurate to the penny.

"The IBM system allows us to centrally store actual and reconciled data and gives us the ability to produce further management reporting at a higher quality level."

The the bank is now looking to extend the deployment of IBM Smart Analytics to its finance operations, analysing loan and interest data and performing 'what-if' scenarios using graphical data.

Sookun added, "The bank is now able to analyse data in different formats and produce subsets of reports as and when required, which used to be a very labour-intensive task. Implementing the system also unexpectedly highlighted inaccuracies in our existing data and we are now confident in consistent, high quality reporting."

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