Designed and developed a new global risk reporting solution, which collects VaR, Exposure and P&L data and reports for the global trading offices and executives.
A client had a program equipped to make complex conversion of price data between schemas done, but it had not been tested. A number of differences had been noted, but the full extent was not known.
A client was experiencing disagreements between Risk and Traders about valuation of certain option instruments. Proper valuation was needed for Mark-to-Market disclosure.
A Fortune 500 client maintained five separate Accounts Payable systems within its ERP system (JD Edwards). Prompt payment discounts were managed ineffectively due to duplicate and inconsistent data between the various databases for the same vendors.
A Fortune 500 commodity trading client maintained over 3,000 various financial reports from its risk reporting and deal capture system. Many of the reports were redundant and some were inaccurate resulting in “multiple versions of the truth.” Due to the excessive number of reports, month end close was taking longer than desired.