Transforming Regulatory Reporting with an Automated, Scalable Solution

A financial institution relied on an Alteryx-based workflow solution developed by a third party to capture and process data for FATCA and CRS regulatory reporting. The existing process was cumbersome, error-prone, and heavily reliant on a single expert, creating significant operational risk.

Key issues included:

• Time-Consuming & Error-Prone: The process required extensive manual oversight and took over five months to complete.

• Lack of Data Consistency: Every time data was captured, different results were obtained, leading to unreliable outputs.

• Cumbersome Yearly Transitions: The Alteryx flat-file setup meant workflows had to be copied and pasted into new folders each year, causing broken links and inefficiencies.

• Limited Business Control: The process was a black box for the business, requiring deep technical knowledge to validate results.

DDS re-engineered the data processing architecture, shifting the heavy lifting to Microsoft SQL Server for improved efficiency, reliability, and automation. The solution:

• Centralised Data Management: Integrated data from SAP, Business Central, MS CRM, Nexus, and Eximius into a single customer view, eliminating inconsistencies.

• Automated Execution: Reduced processing time from five months to a couple of weeks with full business process automation.

• Robust Validation & Governance: Introduced gates and authorisations at key stages, allowing the business to ensure data accuracy before submission.

• Self-Service Reporting: Built an intuitive reporting suite for exception handling, audit trails, and drill-down analysis, providing full transparency.

✅ Massive Time Savings: Process execution reduced from five months to a couple of weeks and Data on Demand.

✅ Elimination of Keyman Dependency: The business now has full ownership and control over the process.

✅ Guaranteed Data Consistency: Every report period now yields identical, reliable results, ensuring compliance and accuracy.

✅ Increased Business Empowerment: Teams proactively manage data quality, addressing issues before they become problems.

DDS specialises in transforming inefficient, legacy processes into scalable, automated solutions. 

Our expertise in data engineering, automation, and business intelligence ensures that your business benefits from reduced risk, enhanced efficiency, and full regulatory compliance.

If your business is struggling with manual, error-prone reporting processes, let's talk. DDS can design a custom solution that saves you time, reduces costs, and empowers your team to do more.

Regulatory Reporting | Business Process Automation