Case Study: UBS achieves faster, centralized reporting and 30% lower IT TCO with Redwood Software's RunMyJobs

Multi-national financial services firm improves business intelligence and efficiency

UBS Wealth Management & Business Banking faced a major reporting and cost challenge: highly specialized but disconnected financial and IT processes required nearly 100 people to manually reconcile data across many systems, handling huge volumes (millions of postings and hundreds of millions of account balances) and producing slow, costly management and regulatory reports. The fragmented landscape and growing compliance demands drove up total cost of ownership and limited timely business insight.

UBS built a Global Environment for Accounting & Reporting (GEAR) with Redwood’s RunMyJobs and partners to automate and centralize processes, replacing 16 applications and coordinating data from more than 170 sources overnight. The solution processed billions of transactions, provided a single, up-to-date view for management, cut external report production from nine to five days, reduced IT process TCO by 30%, and eliminated much manual effort—delivering faster, more accurate business intelligence and a clear competitive advantage.

UBS

Thierry Schafflutzel

GEAR Project Manager