Client Product Reporting in FX Sales & Trading

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Case Studies
Tim Watson, Partner
07 June 2024

CLIENT SUCCESS STORY

Type: Multinational investment bank and financial services holding company

Industry: Banking

Client Function: FX Sales & Trading

 

Introduction

Optimizing AutoFX product reporting by re-building Alteryx workflows, creating a modular design, and implementing a data validation tool. The results include faster report generation, reduced risk, and an efficient platform for future enhancements.

 

Business Problem

The company product AutoFX makes it easier for smaller banks to streamline cross-border payments for their customers by automating foreign exchange conversion before the transaction occurs.

Reporting was developed for the AutoFX product to provide summaries to customers of the transactions they have conducted, and visibility of revenue generated to the FX Sales & Trading team. This reporting function was no longer fit for purpose.

 

Challenges

  1. Legacy reporting does not provide the in-depth insights required to fully analyse product performance
  2. Reports took too long to generate, analysts could not get an up-to-date view transactions
  3. Implementation was difficult to maintain
  4. The complex implementation prevented further enhancements to the reporting

 

Solution

Pomerol took a consulting led approach where we worked closely with the business to understand their business processes to ensure the new solution catered to their needs.  We did this by re-building Alteryx workflows used to generate the reports, and creating a modular design to segregate the different aspects of the reporting. We also created a data validation tool to audit the reports and provide transparency of the reporting processes.

 

Result

  1. Provides our client and their clients more timely and more in-depth visibility of the transactions conducted by AutoFX
  2. Reduced risk through increasing transparency of the report generation process
  3. Greatly reduced the time required to generate the reports, run in minutes instead of hour
  4. The new modular approach created an efficient, stable platform that is straight forward to enhance

 

About Pomerol

Pomerol Partners creates and delivers meaningful, business-focused data solutions. We are not general technologists; we specialize in data and data-driven projects. Our team of consultants and data engineers have a depth of experience across the full analytics supply chain –  from initial data extract, through transformation and modelling, to dashboarding and operational alerting, and, onward to machine learning and predictive analytics. We also integrate data into customer facing portals. We work in a wide range of industries across a wide range of business functions including sales, operations, finance, manufacturing, marketing, and, more. Our clients include the Fortune 100 to 100 employee companies.

Our consultants are in Australia, United States, United Kingdom, and Portugal.

#Alteryx #AutoFX #Banking #Data Validation #Finance #Financial Reporting #FX Sales #FX Trading #Investment banking #Payments #Tableau

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