Multi-National Financial Services Firm Improves Business Intelligence and Efficiency

UBS AG is a client-focused financial services company. Their Wealth Management & Business Banking (WM&BB) division generates more than one billion transactions per month, of which approximately 200 million accrue at the end of each month.

To bring its processes together, UBS developed a completely new accounting and reporting system that would facilitate flexibility and efficiency. Redwood's cloud-based automation platform enabled UBS to control and connect many complex processes while increasing the efficiency of the whole system.

Results:

• UBS used Redwood to replace 16 applications, providing a single, comprehensive view of the business.
• Its highly optimized process chain saves time and cost for its accounting and reporting processes.
• The TCO of UBS IT process solutions improved by 30%.
• External reporting time has also improved from 9 days to 5 days after period close.