Customer Story

Delivering Cost Transparency To An Investment Bank

Case Study

Major International Bank

Achieving Transparency and Clear Line of Sight Into IT Cost Drivers

A leading investment and private bank now boasts a powerful cost transparency solution. MagicOrange is enabling the allocation of IT costs to its business units. The MagicOrange platform replaced the organisation’s 180 previous models, incorporating them into a single integrated solution which automatically creates an allocation (chargeback) journal for the bank’s General Ledger (GL).