Advanced bank finance management solution

Learn how a leading European bank transformed its Finance function to align data and accounting using OneSumX for Finance

Financial institutions face the challenge of integrating disparate systems while meeting stringent regulatory requirements. A leading European bank, having grown through strategic mergers and acquisitions, overcame these hurdles with OneSumX for Finance from Wolters Kluwer, a centralized, aligned, and future-proof financial solution for banking institutions.

What the bank needed

To centralize and align data and accounting streams.

The solution

OneSumX for Finance providing:

• High-quality, granular, daily data for enhanced accuracy and transparency
• A single source of truth for financial figures, reducing reconciliation efforts with our general ledger solution
• Automated processes and control frameworks to streamline operations

The results

• Fully centralized banking accounting data/hub
• Real-time monitoring and daily reconciliation for regulatory compliance
• A simplified system landscape leading to reduced costs and complexity

Learn how you can transform your finance operations with the same solution trusted by leading banks:

• Automated processes to reduce manual intervention and errors.
• Compliance-ready tools for banking institutions navigating evolving regulations.
• A future-proof solution trusted by leading global banks.

Access the finance transformation case study.