Case Study: Major Global Bank automates P&L reporting with Yseop

Automating daily P&L affirmation reports for the product control department of a major global bank

Major Global Bank, a tier 1 US bank, needed to automate daily P&L affirmation reports across 580 trading desks. Its product control teams were spending significant time writing P&Ls, tallying totals, and affirming amounts, and the manual process created human error, reporting issues, and regulatory criticism. Yseop provided the secure, on-premise, multilingual NLG solution used to automate the “what” so controllers could focus on the “why.”

Yseop’s system automatically generates P&L commentary from financial data, accounting for daily figure variations and sending the text back to the source system for on-demand access by product controllers. The result was lower latency, significantly reduced costs, and improved quality and consistency of reporting, helping internal record keeping and reputation with regulators. Yseop’s engine produces the commentary in less than a second.