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Challenges Identified

UBA’s reporting challenges were multi-dimensional

1

Inconsistent financial reporting:

Disparate reporting standards across various units led to inefficiencies and inaccuracies in financial data.
2

Data fragmentation

The absence of a unified data consolidation process made it difficult to obtain a holistic view of the bank’s financial status.
3

Regulatory compliance

Adapting to changing financial communication standards posed significant challenges for the bank.
4

Visibility issues

The widening Fact Gap resulted in a lack of clarity in financial reporting, complicating decision-making processes.
Our Approach
1

Phase 1: Requirements gathering and analysis

The project commenced with an in-depth analysis of UBA’s specific needs. FEES Ltd worked closely with key stakeholders to gather and validate user requirements, ensuring that the solution would be tailored to meet the bank’s operational and strategic objectives.
2

Phase 2: Development of a finance data mart

A critical component of the solution was the construction of a finance data mart, designed to centralize UBA’s financial data. This data mart provided a foundation for the accurate and efficient consolidation of data, facilitating improved reporting and analysis.
3

Phase 3: SAP BusinessObjects implementation and training

FEES Ltd successfully managed the installation, configuration, and deployment of SAP BusinessObjects across UBA’s strategic and operational units. In addition, comprehensive training was provided to IT personnel and business users, equipping them with the skills necessary to leverage the full capabilities of the new system.

Outcomes & benefits

1

Automated data consolidation:

The solution enabled seamless consolidation of data from multiple sources, significantly enhancing the accuracy and efficiency of financial reporting.
2

Regulatory compliance

The standardized reporting processes ensured that UBA met all regulatory requirements with greater ease.
3

Enhanced data visibility

The Fact Gap was effectively closed, providing the bank with clearer financial insights and supporting better decision-making.
4

Increased productivity

The streamlined reporting processes contributed to a marked improvement in overall organizational productivity.

“This project was about more than just implementing a reporting solution; it was about equipping UBA with the clarity and precision needed to make informed decisions and confidently meet regulatory demands.”

Popoola AdamsDirector, FEES Limited