QlikView is
a Business Intelligence and Data Visualization tool used for getting relevant,
actionable, and timely data that help companies in taking the right decisions.
Other competitor tools are Tableau, SAP Business Objects, Microsoft Power
BI, IBM Cognos Analytics.
Amid
uncertain economic conditions, changing dynamics, and a crisis of confidence in
the financial markets, customer focus and risk management continue to be key
drivers for profitability in banking.
The urgent
need for information to help address these priorities compels banks to attempt
complex data integration and warehouse initiatives.QlikView in-memory analysis
helps in faster data integration of data coming from disparate data sources and
provides analytical capabilities to business users.
The use of
the Qlikview tool for financial data analytics is explained as below:
Day On Day Variance :
The data analytics team within the Finance department needs to do DoD, Month-over-month, Quarter-over-Quarter, YTD, MTD analysis of financial data. Qlikview helps in doing the same with ease of visualization using its Dashboards. It also shows if any limits are getting breached. Accordingly, Qlikview can send reports of the limit breach via mails automatically.
Trend Analysis:
The
data analytics team within the Finance department needs to do showcase the trend of data points in financial data to the Management Board and key
decision-makers.
Financial Data discovery:
Business
user-led financial data exploration.
Search: Locate financial data in structured and unstructured fields
Association: Find financial data relationships through built-in association
logic
Drill
down: identify trouble spots and drill down to transaction-level
details
Financial Reporting:
Build simple
or complex, interactive financial reports. These reports created in
Qlikview can be exported in Excel, PDF, or CSV format as required for internal
and external reporting purposes.
Ad-hoc analysis:
Create
custom reports from scratch. Ad-hoc reports can be easily created over the top
of the standard template.
Financial data aggregation:
Leverage
in-memory storage to pull together multiple disparate sources at low levels of
detail
Mobile consumption:
Deploy risk
content to iPads, iPhones, Android, etc
Regulatory inquiries:
Quickly
answer questions and minimize manual effort.
Qlikview
helps in quick data decisions amid an ever-changing market. It provides data on
your fingertips (with the use of mobile devices) which gives 360 degrees view
of clients and allows better business outcomes.
About Amlgo Labs : Amlgo Labs is an advanced data analytics and decision sciences company based out in Gurgaon and Bangalore, India. We help our clients in different areas of data solutions includes design/development of end to end solutions (Cloud, Big Data, UI/UX, Data Engineering, Advanced Analytics and Data Sciences) with a focus on improving businesses and providing insights to make intelligent data-driven decisions across verticals. We have another vertical of business that we call - Financial Regulatory Reporting for (MAS, APRA, HKMA, EBA, FED, RBI etc) all major regulators in the world and our team is specialized in commonly used regulatory tools across the globe (AxiomSL Controller View, OneSumX Development, Moody’s Risk, IBM Open Pages etc).We build innovative concepts and then solutions to give an extra edge to the business outcomes and help to visualize and execute effective decision strategies.
Please feel free to comment or share your views and thoughts. You can always reach out to us by sending an email at info@amlgolabs.com or filling a contact form at the end of the page.
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