AMCAD works with financial institutions including banks, credit unions, lenders, and advisors to make full use of the vast amount of data already collected.
As a financial service company, you already hold and process enormous amounts of data. Effectively using this data, however, is no small feat because it is fractured across many software systems, multiple databases, and countless spreadsheets in a host of different departments. You face barriers and roadblocks at every turn as you service your customers, generate regulatory reports, and conduct the business of operating the company. You find yourself putting the customer on hold as you switch from one application to the next to piece together the information you need to service them. You are manually re-entering data from paper reports another department provided to you (after making you wait several days as they tried to find time to get around to your request). You go to IT to ask them to find and provide data for you because you don’t know where it is or you don’t know how to access it…sometimes you just go without it. And if you are IT, your budget is about to explode over the cost to integrate, upgrade, or migrate the parallel and overlapping systems from all the mergers and acquisitions. Sound familiar?
Ask yourself:
- How does the information I have about my customers and products give me a competitive advantage over other companies?
- What information do I wish I had to operate more effectively and profitably?
- What could I do if I had easy access to all of the information I wanted?
Chances are that the information you have is not giving you a significant competitive advantage, that somewhere in your company there is information you wish you had access to each day, and that there is a lot more you could do if you had easy access to all of the information you wanted.
AMCAD has solutions for you in all of these areas. One thing is for sure, the solution is not to sink even more money into your core banking system vendors or embark upon expensive projects to integrate data silos or to purchase a bunch of 3rd party applications, each of which addresses just one aspect of the problem.
All of these problems spring forth from the same underlying problem of incomplete utilization of the structured data your company already has. Find a way to effectively use that data without modifying all those applications and you have a high-value, low-risk, low-investment solution to a lot of problems. This is exactly how AMCAD helps financial companies to do more with less.
AMCAD will help you with solutions to each of the challenges listed below:
- Structured data search
- Data warehousing
- Business intelligence
- Ad-hoc reporting
When combined together they act as a force multiplier, delivering more value and solving more problems as a whole than the four could as independent parts.
Contact AMCAD to discuss the challenges you face in any of these areas and we’ll discuss just what we can do to give you a competitive advantage and a great return on your investment.
