Business Intelligence

Get the Tools and Expertise to Access Actionable Intelligence from Mountains of Data

Business Intelligence (BI) relates to the use of several financial / non-financial metrics / key performance indicators to assess the present state of your business and to assist in deciding a future course of action. It is ‘actionable intelligence’. Encore offers solutions for applied BI – helping you in creating actionable intelligence out of vast amounts of raw data and we have the skills and expertise in information strategy, data warehousing, data mining and information analytics. Encore’s professional business expertise can help you transform data into insight and achieve higher levels of performance by:

• Providing insights that can help identify new revenue-generating opportunities and improve operational efficiencies and visibility across the organization
• Optimizing the return on investments such as data management, data mining, customer intelligence, customer relationship management and enterprise resource planning technology
• Enabling faster problem-solving and decision-making at the strategic, operational and tactical levels by internal and external users

Vision – A Financial, MIS & Business Intelligence Solution

A multi-dimensional BI Analytical application that revolutionizes the way you look at your organization’s performance

Vision is a Financial, MIS & Business Intelligence solution that produces quality reports, dashboards and business analytics for all stakeholders (senior management, regulators, finance, product and sales team) and revolutionizes the way you look at your organization’s performance.

Vision delivers accurate transaction level profitability information with a web-based solution that uses rules-based enterprise wide access and is the foundation of a successful Corporate Performance Management solution. The key is the accuracy, enterprise-wide accessibility and usability of the Performance Measurement data spread across 12 dimensions. Vision provides reporting and analytical capabilities by account, product, relationship, sector, currency, business segments, time and a number of other dimensions and attributes.

Vision is based on a plug-and-play modular application design that works with all standard core banking applications and product processors. Its business architecture permits transparent integration of multiple applications and feeds to form a comprehensive data warehouse.

The Financial and MIS modules form the core application and each of the other modules can be independently plugged into Vision to give additional functionality.

Modules

• Financial Reporting
• MIS Reporting
• Cost Allocations
• Credit Risk Management
• Dashboards / Scorecards / Reports

Key Benefits
With Vision, we assist CFOs in the following areas

• Financial Strategy – focuses on the impact of financial and operational drivers on shareholder value, thus helping companies manage their assets and better allocate capital to those initiatives that will create most value.
• Performance Management – enables management to review financial and operational information by extracting new, relevant and timely insight from corporate financial and operational systems.
• Transaction Analysis – Vision transforms financial processes across an organization to improve efficiency and service levels including 'what-ifs' and ‘what-was’ analysis. Enables adjustments at transaction levels that eliminate the need for further data enrichment.

Financial Reporting
Vision’s Accounting Engine is a fully integrated suite that enables an organization to integrate multiple front office systems with back office systems, enforcing one standardized set of accounting rules.

Vision’s Financial module enables companies shrink transaction processing costs up to 30%, reduce error rates by up to 90% and compress cycle times by up to 70%. With our help, our clients have been able to achieve these benefits through targeted process improvement, creating shared services and outsourcing non-core transactions where appropriate.

MIS Reporting
Vision provides a number of distinct functions to support the financial and MIS adjustment process.

In order to provide a comprehensive and detailed MIS, Vision is structured to accept feeds from external data processors as Customer Enrichments.

Vision provides sophisticated solutions that determine the cost and value of funds on an economic basis, reflecting market rates, liquidity premiums, credit ratings, prepayment behavior and the underlying cash flow characteristics of a transaction.

Cost Allocations
Vision’s Allocation Management module will bring unparalleled levels of speed and ease to your indirect costing process. The advanced calculation and journal entry capabilities are also valuable in allocating pooled revenue or other complicated re-allocations of previously captured financial data.

Credit Risk Management
Vision’s Credit Risk module provides an open, extensible environment with complete capabilities for retail credit scoring, corporate credit rating and credit portfolio risk management. The system is transparent and auditable, thereby facilitating supervisory review, both internally and by regulators, as required by Basel II and other regulations.

Dashboards / Scorecards / Reports
Vision’s Key Performance Indicators link data analysis with strategy implementation in order to allow companies to see trends more clearly and to respond to changes in a thoughtful way.

Corporate Performance Management Dashboards provide immediate, intuitive, graphic information in a single integrated view, enabling you to assess status, view trends, and identify trouble spots.