Case Study: SunTrust boosts reporting speed and profitability with IBM and Oracle solutions

Using insights from essential management reports to deliver commercial benefits

SunTrust, a major retail bank, faced significant challenges in meeting stringent and evolving regulatory reporting requirements while also attempting to use that data to drive profitability. Their reporting process was complex and error-prone due to separate finance and risk systems, which often provided conflicting data and delayed important business decisions.

IBM implemented a centralized strategic reporting platform using Oracle solutions, including Hyperion Planning and Essbase, to replace SunTrust's disparate tactical systems. This IBM-led transformation resulted in a 33% reduction in the time required to close financial books and enabled reporting cubes to load up to 90% faster, allowing for timely intraday forecasting and more informed decision-making to boost profitability.

SunTrust

Dean Harrelson

Senior Vice President Manager of Operations—Corporate Functions Business Information Office