Case Study: Global Bank improves budgeting accuracy with Wipro's driver-based forecasting solution

Infusing Accuracy in Budgets With Advanced Analytics

The client, a global bank with over 300,000 employees, needed to improve the accuracy and efficiency of its budgeting and forecasting processes. Its existing treasury and product models were complex, error-prone Excel-based systems that led to inaccurate fund pricing and an inability to run real-time scenarios. Wipro was engaged to implement a driver-based forecasting solution to integrate planning and enable better decision-making.

Wipro built a driver-based forecasting model that automated data transfer between applications and established a single source of truth. This solution provided the global bank with real-time budget updates, automated transfer pricing, and the capability to run multiple forecast scenarios. The results included significantly improved budget accuracy and faster decision-making through an iterative feedback loop, ultimately helping the bank set more accurate product interest rates.