Improved VAT recovery by separating recoverable from non-recoverable IT spend, found a further €5m in infrastructure savings and stayed audit-ready across a hybrid IT estate.
Major European bank.
Fragmented Excel models consolidated into one automated system, run times cut to minutes, defensible chargebacks posted back into the general ledger.
Major international bank.
Less processing and reconciliation time while establishing IFRS 17 compliant reporting with traceable, defensible allocations.
Global financial services organization.
Transfer pricing now takes minutes instead of hours, after bringing more than 20 divisional models into one framework with validated, auditable outputs.
Source
Allocated
Assigned to
Posted
Recoverable and non-recoverable technology spend separated by actual usage, not a blanket rate.
Allocations with a trace that holds up under audit, and reconciliation time you can actually measure.
Charges between group companies at a rate you can defend, with cost and price kept separate at each allocation layer.
Every charge traceable to the source cost and posted to the general ledger.
Old and new estates run side by side for years. Both are costed in one model, so the comparison is on the same basis.
Cloud is rarely the whole of a bank’s estate. A model that starts at the cloud invoice skips the core systems that never left the data center.
