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Qlikview tool for Financial Data Analytics

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.

Source: Qlik.com
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. We are among top 10 Data Analytics Start-ups in India, 2019 and 2020.

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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Comments

  1. techmarkblogSeptember 23, 2020 at 1:50 PM

    Nice reading, I love your content. This is really a fantastic and informative post. Keep it up and if you are looking for Data Analytics tools then visit TechMarkBlog

    ReplyDelete
  2. tradeimexinfoJanuary 30, 2021 at 6:38 PM

    I'm really inspired together with your writing skills and also with the layout for your weblog. Thanks for sharing this blog here. Vietnam Import Data

    ReplyDelete
  3. James ZicrovMay 29, 2021 at 3:03 PM

    I think QlikView and QlikSense are the best tools to provide a standard of solutions to complex IT problems.

    Qlik Rest Api Connection

    ReplyDelete
  4. seethalakshmiSeptember 22, 2021 at 10:25 AM

    I got a clear knowledge of finance data analyticswhile reading this article. Keep posting different blogs like this.

    ReplyDelete

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