Shortened reporting timeframes – identify problems earlier so that they can take early
and proactive action to resolve them.
Confidence in the accuracy and integrity of financial reports - Regulators concerned with
material misreporting due to complexity and manual intensive processes demanding
more accurate processes.
Understand institutions ability to withstand market shocks with a resilient and robust
business plans that have been stress tested.
Confidence in decision making. Scenarios proving business plans robustness assist in
supporting sound decision making.
Redirect expensive staff into generating revenue instead of being glorified data entry
operators for spread sheet systems.
Delivering timely and potent information that they can use to run the business
Confidence that information has not been missed in a business strategy that could have
disastrous ramifications.
Being able to demonstrate resilience and robustness to fund managers, credit rating
organisations and other stake holders.
Help to get funding and reduce the cost of funding
Reduce the cost of borrowings and increasing profitability
Ability to demonstrate to regulators risk management and compliance
Assist to keep down regulatory set minimum capital requirements.
Reduce the prospect of fraud, automated reporting harder to manipulate than manual
reports.
Focus on strategy not being bogged down compiling reports enabling a better decision
making process.
Being able to respond quickly to stakeholders needs
Improve audit process and compliance.
Enabled to provide audit processes and dynamic information to CEO and Board.
Have more time to analyse, investigate and recommend to improve productivity and
profitability
Quantifying risk to better mitigate risk.
Coordinated enterprise system consolidates the processes that have to be managed for
risk. The simpler the process the lower the risk.