ODDO BHF
"The solution fully meets our expectations in terms of data quality and automation and helps us satisfy our various customers to meet regulatory requirements and close accounts on time."
Autonomy
for the Financial Department to handle accounting rules on their own
Ability
to create accounting rules from back-office applications to feed many applications
A single
control point for financial data integration and transformation
Case study details
ODDO BHF, a unique, independent European financial group with roots in Germany, France, Tunisia, and Switzerland, has subsidiaries throughout the world. The group’s 60,000+ clients include institutional investors, companies, distribution partners, and major private clients whose financial assets total 142 billion euros. Its mission is to make those assets grow through three business lines: private banking, asset management, and corporate and investment banking.
To support the group’s development through acquisitions or the creation of new offerings, the finance department was looking for a fast and efficient way to transform and integrate data in compliance with accounting and regulatory requirements
• A single control point for financial data integration and transformation
• Automated data transformation complies with accounting and regulatory requirements
• Autonomy for the Financial Department to handle accounting rules on their own
• Ability to create accounting rules from back-office applications to feed many applications
• Audit trails permit return to the original operation and improve responsiveness to business lines