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Wolters Kluwer OneSumX® for Data Management

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Wolters Kluwer OneSumX® for Data Management

OneSumX® for Data Management, which is at the heart of OneSumX® for Finance and OneSumX® for Risk, is a robust banking specific data model that integrates data for consumption at both the group level and the operational level.

It includes a rich, robust, business-focused data model, allowing different departments to store granular business information with meaningful results specific to the unit. It provides a single, integrated data repository for multiple use-cases across Finance and Risk, as well as other functions.
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Common information is not duplicated but re-used and when information is sourced from a wide range of source systems, the reconciliation and enrichment tools put it together to create an aggregated view, delivering a single and trusted source of information.

OneSumX® for Data Management solution offers complete data transparency, traceability and accountability for accounting, regulatory reporting and financial risk management departments. It combines multiple disparate data (sources) into an integrated single data mart.

Key Features
Key Benefits

Banking specific data model

Security framework and auditing features

Open & extensible

Drill down to underlying data

Business Rules Engine:

Editing environment for the specification, documentation, execution and monitoring of business rules with user workflow support; it also covers the data transformations, enrichments and validation rules

History management system

Single version of truth

Full transparency is available at every step

Integrates Finance, Risk & Compliance related business information which minimizes the need for Reconciliations

From event to disclosure:

A fully integrated chain from source data to final reporting and back

Allows customers to cherry pick Finance & Risk modules and plug them on the centralized data layer and gain significant cost savings

From KPIs to individual contract details:

Support the helicopter view as well as the detailed analysis

Read More |  Wolters Kluwer OneSumX® for Data Management
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