quovera > industries > financial services

When integrating internal financial processes and applications… Quovera was everywhere Visa wanted to be.

Business objectives:

  • To develop a single consistent budgeting and forecasting process
  • Create a roadmap and implementation plan, including testing, for the new process
  • Develop support systems for the new process

Visa USA had multiple budget, forecasting, reporting and financial modeling process's and applications throughout the organization. The lack of a single consistent process and technology platform resulted in a sub optimal, time consuming budget and forecasting process that often resulted in inconsistent results.

As a result of the result of the Quovera solution, Visa has:

  • Integrated financial information, including: General Ledger, Accounts Payable and Accounts Receivable
  • Cleaned and scrubbed financial data to ensure consistency
  • Given online access to this system to all department managers
  • An integrated, accurate and consistent view of the creation, consumption and flow of financial information within the organization
  • Better accuracy, quality and timeliness of business processes
  • Improved understanding and communication throughout the budgeting and forecasting process
  • A more streamlined and more accurate financial forecasting process capable of adapting to changing business needs

full case study

The financial services industry is rapidly undergoing a transformation impacted by consolidation, convergence, deregulation, globalization, technology innovation and other trends related to the increased sophistication of capital markets. As a result, financial services, banks and brokerage companies are racing to develop diversified solutions to adapt to the challenges of an ever-changing economy.

In order to be successful in the Financial Services Industry, you must be able to:

  • Provide the highest level of customer satisfaction globally
  • Enable customer access to accurate, and secure information online, and in real-time
  • Comply with regulations governing global financial transactions, especially in the post 9-11 world
  • Make quick, informed & intelligent business decisions grounded in up-to-the minute facts
  • Collaborate with a large number of inter-dependent external organizations and integrate their disparate processes, systems, technologies and data
  • Stay vigilant of competitors and new players entering the market, offering disruptive services through technology innovation and radical business models
  • And above all, remain focused on the bottom-line

No matter what aspect of the Financial Services industry you specialize in… no matter where you are in your growth cycle… Quovera has experience with your particular business challenges.

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