Rapid 9.0

EBIRapid™ is a new extension to our rapid implementation products that creates a pre-configured OFSA environment for our new customers.

Simply making the decision to implement an OFSA solution does not end with signing a purchase order and paying Oracle for the licensed use of the suite. You then have to implement it and, depending on the module/s you have purchased, you could be looking at a 12 –18 month project using expensive consulting resources to realize your MIS vision.

With Rapid, you can have your OFSA solution in place and running in as little as 3 months because we’ve done all the configuration work for you and saving potentially millions of dollars in the process.

This product release marks a new era in OFSA implementation. It is the first time that an OFSA customer does not have to go through months or even years of waiting for value to start flowing from their investment.

Standardized Chart of Accounts

Rapid 9.0 contains a standardized chart of accounts but still allows you to use your own structures for reporting. You have the option of using any reporting hierarchy currently in use within your GL or any other source system.

Funds Transfer Pricing, Net Interest Income and Profitability

The Funds Transfer Pricing process is already configured using ‘best practice’ methods and policies but also is flexible enough for you to customize to your specific needs.

Component based funds transfer pricing including option adjusted spread, liquidity, term and elasticity are all included as standard features of our net interest income model.

Value at Risk, Market Value, GAP and Liquidity Interest Rate Simulation

The ALM function in your organization is also ready to use. Our developers have designed both simulation and stochastic processes using ‘best practice’ methodologies for;

• VaR
• Market Valuation
• Gap & Liquidity
• Reporting modules for each of the above processes

Part of the EBIPlus Suite

RIW is a part of our latest business intelligence solution, EBIPlus 9.0. Find out more about this exciting new suite here.

EBIRapid™ R10 Coming Soon…

In 2010 we will be releasing the next generation of our EBIPlus suite. This will encompass the new Enterprise Performance Foundation and OFSAA 5.0 application suite.

This release will slash the implementation costs and deliver a world-class solution using our unique core profitability model (CPM-T) and promises a never before seen level of access to performance measurement.

Economic Value Added (EVA)

Release 8 will include also multi-dimensional EVA processes. For Financial Services, Product, Organizational and Customer economic valuations will all be incorporated into the (Core Profitability Model) CPM-F.

Integration with EBIRapid - BP

One of our existing products ‘Rapid BP’ is an add-on to the Oracle Budgeting & Planning tool. This product automates a large part of the existing BP month end process and results in a much faster turn-around of the BP models within the Finance department.

Automated ETL Layer

Loading data into the OFSA data model can be a time-consuming process. We are now working on a standardized data staging area including seeded ETL processes and mapping tables.

This will further reduce the implementation effort and make installation less painful.

Benefits

If you are a new OFSA customer and are beginning the process of implementation, this product is for you. Rapid will deliver to you a set of functional, best practice processes ‘out of the box’. The implementation time is slashed to a matter of weeks instead of months or even years saving you hundreds of thousands (or even millions) of dollars in the process. You also get the added benefit of realizing your vision much sooner and thus begin to reap the benefits of OFSA in a fraction of the time.

Our research has shown that by using Rapid you can reduce your first year costs of OFSA ownership by up to 90%. How is this?

Using Rapid you get…

• An ‘out of the box’, ready to run system producing net interest income, ALM and reporting at customer account level. All you have to do is load the data model and you’re off and running.
• A dramatically shortened implementation horizon.
• Up to a 90% saving on implementation costs (even for a small bank this could result in realized benefits of millions of dollars in the first year alone).
• The benefit of using recognized ‘best practice’ methodologies without investing thousands of man-hours in design and development.
• The flexibility to easily add your own dimensionality the processing and reporting outputs.
• Ongoing support using our Global Development Center.
• Virtually eliminated implementation risks.
• The benefit of an implementation partner with unsurpassed, worldwide experience in delivering OFSA/CPM solutions.

Of course our solution is supported via our support service and being the only provider of packaged OFSA/CPM training worldwide, we can also meet your education requirements as well.

Contact Us for more information on Rapid 9.0 or download the data sheet for this product.