Case Study: Leading Financial Firm achieves unified global multi-currency reconciliation and faster close with Infogix Enterprise Data Analysis Platform

Controlling Global Reconciliation of Multiple Currencies

A leading European financial services firm with over 10 million customers, operations in eight markets, and businesses across corporate, institutional, retail and private banking faced complex cross-border reconciliation challenges. Stricter regulatory requirements, rapidly changing exchange rates, multiple time zones and inconsistent domestic-ledger treatments made real-time, multi-currency reconciliation slow, error-prone and unable to provide a single, auditable “version of the truth.”

The firm deployed the Infogix Enterprise Data Analysis Platform, implementing business rules early in the accounting flow and centralizing visualization to monitor and trace transaction-level abnormalities. The solution enabled more than 1,000 rules and 500 users to run robust, consistent reconciliation routines, greatly improved transparency across currencies and markets, shortened the time to close the books, and delivered reliable, enterprise-wide financial reporting for strategic decision-making.