Avantage Reply assisted the finance department of a well-known bank in updating its process to produce monthly and quarterly statistical reporting for the Nation’s Central Bank, following the publication of the updated guidelines. This guideline modifies the statistical reporting requirements for credit institutions.
Following the publication of updated guidelines, the customer expressed the need for assistance in updating the 3 Excel-based files used for the production of the monthly and quarterly statistical reporting.
In addition to the update of the 3 Excel-based files, Avantage Reply was requested to validate the reports produced using the updated Excel files against the new validation rules.
The key challenges encountered during the project were the availability of the client’s finance team and the short deadline for implementation and testing.
Avantage Reply provided a team of experts with expertise in regulatory reporting. As part of the project, the team conducted the update of the 3 Excel-based files and performed the testing of the reports against the new validation rules provided by the Nation’s Central Bank.