HSH banks on business intelligence

The London branch of HSH Nordbank has selected Business Intelligence (BI) Harvester from Granville Associates to transform its management information and reporting.

The London branch of HSH Nordbank has selected Business Intelligence (BI) Harvester from Granville Associates to transform its management information and reporting.

 

Harvester is a packaged BI solution that combines a Microsoft data warehouse with technology from Applix, provider of business analytics software.

 

Data will be extracted from HSH Nordbank’s Midas Plus system and then transformed, loaded and reconciled into the data warehouse. From here the data is restructured and loaded into Applix’s TM1 to allow bank staff to perform analysis, modelling and reporting. The user interface includes Applix’s Executive Viewer (EV), which will be used to present information both within the branch and for the bank’s head office.

 

David Forster, Head of Operations, HSH Nordbank explained, “With our plans to expand our London operation, we have a number of challenges with our reporting and management information that need to be resolved urgently. Our existing reporting capability is slow and inefficient and it is difficult to get at the information we require. We are consequently spending too much time on reconciliation and investigation and have little time for important analysis work. We also want to improve the quality of key information available to senior management – for example client profitability.”

 

He continued, “The [new solution] will not only address our current challenges, but will also allow us to gather data from our other operational systems in the future. This data can then be maintained in the data warehouse and included in our management reporting. The capabilities of the solution were successfully demonstrated to the bank in a ‘proof of concept’ exercise prior to purchase.”

 

 

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