Wealth management, 2023
From twelve days to three: automating regulatory reporting
The situation
Every quarter, a team of twenty spent nearly two weeks assembling regulatory returns from spreadsheets. Errors were caught late, and the regulator had started to notice.
What we did
- Traced every reported figure back to its source system.
- Replaced spreadsheet steps with controlled, tested data pipelines.
- Gave finance a single view of exceptions instead of a folder of files.
What changed
- 12 days to 3 for the quarterly reporting cycle
- 80% fewer manual adjustments
- Full lineage for every reported figure
The lesson
Most reporting problems are data problems that only surface at the end of the quarter.
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