"By using CronacleBeans we got all our process automation requirements out of the box.We did not have to concern ourselves with the mechanics of scheduling and how to implement its concepts in the Java world. We could concentrate on our core business requirement: solving business problems for our customers."
John Murphy
Director of Operations, DSI
Industry
- Finance
Key Challenges
- Lack of synchronized finance data across 170 systems
- High cost of ownership and administration
- Lack of timely delivery of period end close reports
The Solution
- Cronacle integrated as central process management component of GEAR accounting and reporting solution
- Centralized management of all finance reporting
Key Benefits
- 16 applications replaced by one single integrated system.
- Cost and time savings for accounting and reporting
- Financial report production process time reduced from 9 to 5 days
- Reduced total cost of IT ownership
- Positioning for compliance with Basel II
Environment
- Complex bespoke finance information system
- Very high transaction rates (10 million postings per hour, 1 billion transactions per month)