Case Study: The Asian Banker achieves a single version of truth for global management reporting with Teradata

The Asian Banker - Customer Case Study

Standard Chartered Bank, a global bank with about 1,700 offices in 70 markets, needed to modernize its management reporting and analytics. Its legacy general ledger (GL) systems lacked transaction-level granularity, produced monthly-only aggregated cost views, and left the bank with multiple conflicting “versions of truth” and extensive manual reconciliation work.

The bank implemented a Financial Analytics platform—using Teradata Decision Expert, PeopleSoft GL extracts and MicroStrategy reporting—to aggregate GL and subsystem data from 54 countries on a daily, drill‑downable platform. The solution delivered timely, standardized reporting, automated distribution, roughly a 95% cut in manual processes and a 90% reduction in reconciliations, was delivered on schedule within the project budget (~$11M over two releases), and is expected to enable further consolidation and about $3.75M annual savings as integration continues.

The Asian Banker