Testing Planet's CFO Impact™ solutions help bring about cost effective and sustainable transformations of financial processes and systems.
Prompted by volatile markets, a troubled economy, organizational change and the evolving regulatory landscape, the finance sector is caught up in a groundswell of change. All the while, the need for organizations to contain or reduce costs and provide reporting transparency remains constant. Testing Planet's CFO Impact™ solutions support the objectives of finance to have an effective oversight of the business. CFO Impact™ clients leverage our knowledge and experience to bring about cost effective and sustainable transformations of financial processes and systems. We aim at modernizing and transforming finance systems and providing better access to critical information needed for analysis, reporting and the financial close process.
Testing Planet helps financial services organizations to meet the industry's newfangled challenges, and thus make a lasting business impact.
Today, financial services organizations are dealing with unprecedented pressures around performance, cost reduction, regulation and customer expectations. The current economic environment continues to drive reform from regulators and legislators, which in turn burdens the internal processes to comply with timely reports and disclosures. The competitive landscape continues to evolve as well. Banks, investment managers and insurers need considerably more detail on profitability at the product, service, customer and/or market level.
With the complexity around asset liability management, this compounds the challenge to do accurate forecasting. The bar has been raised on the level of analytics capabilities in these businesses. Focused solutions from Testing Planet help financial services organizations rise to meet these new challenges and make a lasting business impact.
Testing Planet's focused solutions for the Financial Services industry empower them to meet the industry's modern challenges, thus creating a lasting business impact. Testing Planet's Financial Services Practice supports the services associated with the delivery of accounting, profitability, and risk & management performance information to decision-makers throughout the Financial Services industry as well as to external regulators and investors. We have assisted organizations in modernizing and transforming their accounting, profitability, risk and management reporting applications to provide an integrated enterprise view. Our clients engage Testing Planet to assist in reviewing these initiatives, compile them into a holistic picture of benefits and outcomes, and identify any opportunities to streamline and maximize the data, workflows and systems supporting key finance areas. These areas typically include financial consolidation, risk reporting, financial, regulatory, and tax reporting, acquired loan accounting, budgeting & forecasting, treasury/asset liability management, management reporting, product and customer profitability.