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Top Five U.S. Bank Increased Efficiency 80-Times and Reduced Costs by 80 Percent with ASG Software Solutions

May 1, 2014

ASG’s Enterprise Information Management Suite Enabled Control, Insight and Ownership of Data for Renowned Financial Institution amid Regulatory Control and Federal Audit Requirements

NAPLES, Fla.--(BUSINESS WIRE)-- ASG Software Solutions today announced that a top five U.S. Bank has chosen its Enterprise Information Management (EIM) suite to optimize business value for its diverse financial application portfolio. Since working with ASG, the Bank has increased its efficiency by 80-times over manual data lineage and analysis processes, reduced data lineage costs by 80 percent and ensured that it was able to demonstrate compliance with TARP and Basel II requirements.

After the financial crisis and changing economic landscape of 2007 – 2008, the Bank needed a better way to ensure data quality, accountability and governance of its data from end-to-end, along the entire data stream, to avoid making any regulatory errors. It sought a solution that would support regulatory compliance, automate data forensics and allow for an end-to-end view of its application assets, from mainframes to distributed technologies. ASG’s EIM solution not only met these requirements, enabling visibility into all data assets, but it also increased the efficiency of the Bank’s manual data lineage and analysis processes. This deep analysis along entire data streams and applications enabled the Bank to align information management efforts, and understand how its data was being used by business and IT. As a result, the Bank could make more informed business decisions, allowing it to be more competitive.

“ASG’s EIM solution stood out from other vendors in all of our proof-of-concept trials,” said the Bank’s vice president of technology. “When testing on our distributed environment, we were able to load and analyze code across 100 systems in just four days – a process that usually takes between 25K – 30K hours to do manually – and performed a mainframe migration in less than one minute. When we selected ASG’s EIM suite in 2012, we started with 133 Key Business Elements (KBEs) on 10 in-production systems, focused on credit card applications. Now, after great initial success, we’re confident in our second implementation of 1,000 KBEs in 40-50 systems for home loans, credit cards, deposits and customer information systems.”

Given the sheer volume of data and information the Bank needed to collect and analyze, it was imperative that the new solution was able to mitigate the risk of inaccurate data, as well as provide a single portal for data discovery. Throughout the trial testing, ASG’s EIM solution performed and completed a data analysis of 100 systems in only 180 hours, versus the 14,400 hours it takes to perform manually. By improving such business processes, the Bank was able to refocus efforts and resources on additional lines of business.

“This project was initially driven by regulatory control and federal audit requirements; but, since then, it’s become much more comprehensive, delivering added business value for the Bank across the board,” said Susan Habas VP Line of Business for Metadata at ASG Software Solutions. “Our EIM suite was able to provide the Bank with valuable insight for business decisions, which has given them a competitive advantage for sustainability and growth. Additionally, we were able to help keep them compliant with new and changing regulations, which are extremely beneficial for financial organizations of this caliber.”

To download the full case study, follow this link to “Top Five US Bank Finds New Value from Metadata Application: A Case Study” on the Dataversity website. And, to learn more about ASG’s EIM suite, visit the following link: http://www.asg.com/Smart-Catalog/ASG-Rochade.aspx.

About ASG Software Solutions

ASG Software Solutions connects sophistication and experience with agility and technological efficiency, through its vendor-agnostic cloud, content and systems solutions. ASG helps companies solve today’s most pressing business issues, including everything from reducing operating costs and enhancing workforce productivity to ensuring regulatory compliance. With customers like American Express, Coca-Cola, GE, HSBC, IBM, Lockheed Martin, Merrill Lynch, Procter & Gamble, Sony, Toyota, Verizon, and Wells Fargo, ASG can proudly say that more than 70 percent of global Fortune 500 companies trust it to optimize their existing IT investments. Founded in 1986, ASG Software Solutions is a global company headquartered in Naples, Florida, USA, with more than 1,200 employees. For more information, visit www.asg.com or find us on Facebook, LinkedIn, Twitter or YouTube.




March Communications

Meredith L. Eaton, +1 617-960-9877

ASG@marchpr.com

Source: ASG Software Solutions


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