Vision - A Banking Performance Analyzer (Functionality Document)

1. Banking Performance Analyzer
Functionality

2. Contact Information
For Further information and discussion, please contact:
Name Suleman Dossani
Designation Managing Director
Sunoida Solutions JLT,
Address 2106, Tiffany Tower,
Jumeirah Lake Towers, Dubai, UAE
Mobile +971 (55) 2171050
Phone (Landline) +971 (4) 4357180
Email Suleman.Dossani@Sunoida.com

3. Introduction
Sunoida is pleased to present Vision, a Financial, MIS & Business
Intelligence solution that produces quality reports, dashboards and
business analytics for all stakeholders (senior management,
regulators, financial control, product and sales team).
Vision delivers accurate transaction level profitability information
with a web-based solution that uses rules-based enterprise wide
access and is the foundation of a quantifiably successful Corporate
Performance Management solution. The key is the accuracy,
enterprise-wide accessibility and usability of the Performance
Measurement data spread across 12 dimensions. Vision provides
reporting and analytical capabilities by account, product,
relationship, sector, currency, business segments, time and a
number of other dimensions and attributes.
• Dimensions & Measures
Vision is a multi-dimensional model with various attributes for each
dimension, thus allowing the creation of reports and analysis across
dimensions and attributes.

4. • Accounting Engine
For any financial institution safeguarding and controlling its assets
and cash is fundamental to successful and efficient operations.
Hence accurate capture of transactions, maintaining uniform
standard for accounting and financial rules across the organization
and providing accounting transparency across multiple source
system becomes a mammoth task for institutions. Every source
system generates its own set of events due to which standardization
becomes difficult to achieve. Existing systems have embedded
accounting systems which have no CofA and no balance
calculations. No single system tracks entire lifecycle of a financial
product. Reconciliation of internal records with external entities,
maintaining P&L position, and complying with directives from
regulatory authorities pose a further challenge.
Vision’s Accounting Engine is a fully integrated suite which enables
an organization to integrate multiple front office system with back
office system enforcing one standardised set of accounting rules.
Our drilldown features from summarised aggregate balances to
underlying details make reconciliation easy and auditing
transparent. With little human intervention and errors free concepts,
Vision aims to achieve single point of control over accounting and
financial treatment thereby making organization wide compliance to
regulatory directives easy to implement.

5. • Close Optimization
Organizations that lack sufficient time for value-added activities
often exhibit signs such as requiring more than five days to close
the books, needing many manual journal entries or other manual
activities. They spend huge amount of time and money using a
spreadsheet based financial consolidation process. Moreover,
adjustments to the books lack a proper system to manage and
conserve them properly for audit purposes. Most importantly, lack of
capacity to analyze business drivers and identify root causes to their
problems and inefficiencies, increase operational risk and lead to
increased cost of competitiveness and potential financial losses.
Vision's Financial module enables companies shrink transaction
processing costs up to 30 percent, reduce error rates by up to 90
percent and compress cycle times by up to 70 percent. With our
help, our clients have been able to achieve these benefits through
targeted process improvement, creating shared services and
outsourcing non-core transactions where appropriate.
We help clients implement standardization across business unit
functions in processing information, submitting local ledgers and
posting closing entries in order to reduce exception rates and the
level of rework needed. Our Finance team develops a chart of
accounting and reporting structures to facilitate capturing and
reporting the appropriate information for all stakeholders, which
enables the organization to meet management's requirements for
analytical information consistently on timely basis with no additional
efforts.
• Financial Consolidation
Vision’s Financial module is part of a proven solution that includes
applications for strategic management, planning and budgeting,
forecasting, financial reporting and Business Specific Analytic.
Vision’s financial consolidation capabilities and cash management
software supports:
• Simplified Data Integration using industry-standard
technology to simplify data collection and movement from
multiple charts of accounts, general ledgers, and ERP
systems.
• Workflow Management - monitor participation, ensure
compliance, and avoid bottlenecks that can slow the planning
and budgeting process.
• Built-in Calculations and Financial Intelligence—eliminate any
potential errors and redundant manual processes with

6. Vision’s multicurrency capabilities, automated calculations
and adjustments, and other features that address accounting
and regulatory issues.
• Flexible Business Modeling—modify the central application
settings and let the system replicate those changes at all
levels of the application to accommodate mergers,
acquisitions, reorganizations, and other changes in line with
international standards.
• Insightful Analytics—receive instant access to all important
business indicators to better understand the true nature of
organizational performance and assist in the decision making
process.
• Finance Transformation
Finance organizations are under pressure to adapt to a changing
business environment, both from competition and regulatory point
of views. Technological advancements are creating opportunities to
improve service levels and reduce costs, but are also creating an
environment of constant changes and adjustments.
With Vision, we assist CFOs in the following areas
• Financial Strategy - focuses on the impact of financial and
operational drivers on shareholder value, thus helping
companies manage their assets and better allocate capital to
those initiatives that will create most value.
• Performance Management – enables management to review
financial and operational information by extracting new,
relevant, and timely insight from corporate financial and
operational systems.
• Transaction Analysis – Vision transforms financial processes
across an organization to improve efficiency and service levels
including ‘what-ifs’ and ‘what-was’ analysis. Enables
adjustments at transaction levels which eliminate further data
enrichments.
• IAS/IFRS Reporting
Finance departments worldwide face continuous pressure to deliver
efficient and accurate financial and regulatory reports as well as
support the appropriate systems and processes to drive better
performance. Many departments are challenged by a lengthy, or
inefficient, close process with multiple manual steps and
checkpoints. For these departments, collecting and verifying data is
challenging, as is processing consolidations such as minority
interest, currency, multiple GAAP and regulatory reports. Financial

7. statements are delivered just in time, with little time available for
analysis or review. These issues are particularly challenging for
countries where legislation such as the Transparency Directive, is
driving the acceleration in reporting timeframes and demanding
increased certification of final results. This puts enormous pressure
on systems to support these requirements.
Vision helps customers address the challenge of facilitating
continuous performance improvement practices while adhering to
International Financial Reporting Standards (IFRS). The solution is
specifically designed to support organizations that are required to
report under IFRS guidelines, and provides a financial consolidation
foundation system to support additional regulatory and
management reporting. To help you meet the challenges of
transition to International Financial Reporting Standards, Vision
offers a business-based approach. Our experts work with you to
understand the technical accounting complexity of adopting IFRS
and update your reporting process accordingly. Our team may also
assist you to identify and manage any broader impacts on your
business.

8. • Management Reporting
In today's organizations, a vast amount of customer and product
related data is stored within multiple applications, making it very
difficult and time consuming to correlate and analyze this valuable
information, and because management applications are forced to
purge data regularly to accommodate for volume and performance
concerns, trending and analysis of data over time is almost
impossible. By bringing it all together, Vision improves compliance
reporting and speeds troubleshooting with historical analysis and
trending.
Vision's Management Reporting module assists clients generate
enterprise reports for all stakeholders in browser-based, Web-
formats. Most users want to do more than view enterprise reports —
they want to interact with them, drilling down and through for more
detail, manipulating numbers to answer vital questions and
performing ad-hoc analysis of live data. We deliver reports with
flexible navigation, data drilling, traversing, hyperlinking and Smart
Search capabilities that your demanding end-user community
requires. Flexible drilling options allow users to get detailed or
summary data on-demand. Reports can be scheduled to be
systematically run and distributed via email on multiple devices per
your calendar and recipient requirements.
Our Solutions helps organizations grow revenues more quickly,
predictably and profitably by improving the operating performance
of the organization, enabling it to make more accurate forecasts,
better manage resource decisions and improve force productivity
and hence be ahead of competition and lead its market.
• Regulatory and Statuary Reporting
Vision is the premier provider of regulatory reporting software
solutions to the financial industry. Our Regulatory Reporting module
is a complete system addressing the large position regulatory
disclosure needs of global institutional investors. Many institutional
investors still rely on largely manual methods of compiling,
reviewing and filing position disclosure reports. For many firms,
frequent organizational re-alignments and the increasing
globalization of investment strategies has made traditional reporting
operations unwieldy and error prone. In addition, global
marketplaces are frequently redefining position disclosure
requirements using country specific holdings, thresholds and varying
reporting frequencies thus increasing the burdens on compliance
departments. Vision streamlines the regulatory position disclosure
process while vastly improving the accuracy and timeliness of such
reporting.

9. • Credit Risk
Vision’s Credit Risk module provides an open, extensible
environment with complete capabilities for retail credit scoring,
corporate credit rating and credit portfolio risk management. The
system is transparent and auditable, thereby facilitating supervisory
review, both internally and by regulators, as required by Basel II
and other regulations.
In addition, the underlying credit risk model helps firms consolidate
credit data from disparate sources and supports faster
implementation. Vision offers a complete, end-to-end solution
integrating data aggregation, analytics and reporting framework.
Vision’s Credit Risk Management enables you to:
• Access and aggregate credit data across disparate systems
and sources.
• Seamlessly integrate credit scoring/internal rating with credit
portfolio risk assessment.
• Accurately measure, monitor and report potential credit risk
exposures across the entire organization, both on the
counterparty level and portfolio level.
• Evaluate alternative strategies for pricing, hedging or
transferring credit risk.
• Optimize allocation of regulatory capital and economic capital.
• Facilitate regulatory compliance and mitigate financial
reporting risk and disclosure requirements for a wide variety
of regulations such as BASEL II.
• Automate computation of Days past Due, LLRs and other risk
parameters.
• Concentration of credit risk by Industry / Country / Regions.
• Key Performance Indicators
Key performance indicators (KPI’s) are an important part of
Corporate Performance Management. Often referred to as metrics,
they are data-rich information that assist management of these
businesses understand its performance in a meaningful way.
Quantifying performance is valuable for short and long-term
strategy. Vision is the custodian of these KPIs and their evolution
over time. Vision’s Key Performance Indicators link data analysis
with strategy implementation in order to allow companies to see
trends more clearly and to respond to changes in a thoughtful way.

10. • Dash Boards
Corporate Performance Management Dashboards provide
immediate, intuitive, graphic information in a single integrated view,
enabling you to assess status, view trends, and identify trouble
spots. Combining enterprise data from disconnected data sources
with business decision processes, Dashboards let you manage and
improve business performance by allowing you to quickly gauge
status, drilling from the top level summary to specific facts and root
causes.
Web-based dashboards provide real-time exception-oriented
identification of problems by color-coding summary indicators and
displaying a roll-up of the worst case value within personalized
business categories. Individuals at all management levels are able
to track key measures, note exceptions and implement action plans
before strategy and operational execution are impacted.
Features:
• Dashboard provides multiple level drill-down capabilities that
allow access to detailed and actionable information.
• Hierarchical summary dashboards give visibility into
aggregated status across multiple branches within the
organization.
• Highly flexible configuration of dashboard format, dynamic
graphics, large color palette, and organizational category
definition.
• Secure access by user roles assists control and sharing of
information to key team members.
• Web-based architecture provides access to graphics and
status using a simple web browser.
Dashboard provides the ability to track organizational performance
by milestones and phases. Such dashboards are extremely useful
for managing the performance of staff (mainly sales) and ensure
meritocracy value in an organization.
• Scorecard
Vision prepares scorecard for relationship managers highlighting
their goals and achievements and displaying key contributors to the
targets.

11. A one-pager report gives comprehensive performance review and
assists in identifying areas requiring more effort.
• Report Suite
Vision is bundled with a report suite module that is pre-configured
with 300+ reports covering various business areas and financial
reporting needs.
These reports can also be customized to suit the bank’s need and
new reports can be added with minimum effort.
• Catalog
Vision has an in-built user friendly query writer that permits the
user to create ad-hoc queries across the entire database. These
reports can be scheduled to deliver via email.
• Cost Allocation Module
Vision’s Allocation Management module will bring unparalleled
levels of speed and ease to your indirect costing process. The
advanced calculation and journal entry capabilities are also valuable
in allocating pooled revenue or other complicated re-allocations of
previously captured financial data.
Features
 Manage Indirect Cost Allocation – Allocation Management
provides powerful automation and a complete audit trail so
you can recover your indirect costs from external funding
sources.
 Flexible Allocation Options – Allocate indirect costs based on a
fixed or predetermined rate or apportion last year’s budget,
budget percentage to total costs, and other budget-based
costing methodology.
 Powerful Calculation and Posting Methods – Use complex
calculations from previously posted data to create journal
entries allocating any kind of transactions, i.e. revenue
allocations, pooled unit purchased, year-end roll-overs and
more.
• Activity Based Costing

12. Today, activity-based costing and management (ABC) is widely
adopted because it provides a more complete picture of the profits
and costs of doing business than traditional cost accounting.
Understanding true product profitability, customer profitability or
customer life time value in any industry fundamentally requires
ABC. However, traditional ABC solutions, mainly focused on
modeling, do not offer integrated capabilities in data management,
reporting and analysis for a successful ABC implementation. Vision
is the only ABC module with an end-to-end solution that combines
integrated data management, business modeling, reporting and
analysis all on one platform.
More than any other costing solution, Vision Activity-Based
Costing:
 Supports all activity-based costing methodologies to best
meet your business needs.
 Offers a highly visual, flexible and multidimensional modeling
environment with a point-and-click graphical user interface.
 Leverages web-based reporting and analysis to enable cost,
process and profitability intelligence to be quickly shared
across the organization.
 Provides a complete and integrated data management solution
with data access engines and data transformation capabilities
required for successful ABC implementation.
Vision’s ABC solution enable strategic and operational decisions
that maximize profit, reduce costs and streamline processes by
determining the cost of those processes and the profitability of
products, customers and business segments. Specifically, Vision’s
Activity-Based Cost Management assists organizations across
industries to:
 Gain insights about the true profitability of products and
business units
 Manage process costs by understanding business activities
and cost drivers
 Identify and estimate capacity or resource requirements for
future periods.
• Funds Transfer Pricing
It is critical for any financial institution to understand the rewards
earned for given levels of risk taken. It is also critical to understand
the relative contribution made by each business unit, by each
product and by each customer relationship.

13. Funds transfer pricing (FTP) allows a cost of funds (assets) or value
of funds (liabilities) to be assigned to every transaction making up
the balance sheet. It decomposes the interest margin into a credit
spread, a funding spread and a rate risk spread. From a
profitability / performance measurement perspective, Vision
provides sophisticated solutions that determine the cost and value
of funds on an economic basis, reflecting market rates, liquidity
premiums, credit ratings, prepayment behaviour and the underlying
cash flow characteristics of a transaction.
From an Asset Liability Management or Risk Management
perspective, simulating the components of future margins under
different economic and rate scenarios helps the funding centre(s)
determine hedging strategies and the business units / product
manager to remove the impact of movement of market rates from
their future income.
• Financial & MIS Adjustments
Businesses require a process to perform automated and manual
adjustments to the Financials and MIS Results. These adjustments
are GAAP compliant and allow the businesses to prepare and
present the financials / MIS in a regulated and compliant manner.
Vision provides a number of distinct functions to support the
financial and MIS adjustment process.
These functions or processes are required primarily on the Monthly
Financial data. Some of the functions requested here can be applied
to daily financial tables as well.
Financial Adjustments can be split into the following main
categories:
1. Remapping or enrichment of data – where the basic data fed
from the source GL and product processors is enhanced or
amended to provide the required level of information/accuracy
for reporting. In this function, data amounts are NOT amended,
only the static data such as Customer_ID / OUC / GL type
information.
These types of adjustments tend to be repetitive i.e. performed
every month, to correct known deficiencies in the data.
However, the function could also be used to address ‘one off
errors’ where/if necessary.
2. Data Correction: In this process, actual adjustment amounts are
loaded into the financial or other static fields are amended as

14. required. This function requires special adjustment screen and
excel upload processes.
These types of adjustments can be one off error corrections eg.
items not booked by operations or last minute addition to
financials or known issues for which a standard adjustment is
required every month.
3. Financial Offsets: Specific processes are required to generate
automated adjustments eg. Pool balancing/ Inter- company
elimination adjustments /Average balance plugs, minority
interest computation etc.
A detailed audit log of every adjustment is maintained, complete
with the adjustment reference code, maker, authorizer, reason
for adjustment, originating area and supplementary description
plus the details of each adjustment posting. This audit log is a
permanent record, with similar history and back up
requirements to the key monthly financial data sets.
• Customer Data Enrichment
A Core Banking Application (CBA) may not always meet the
business needs thus giving way to external data processors i.e. for
treasury deals, custom loan portfolios, credit card processors etc.
These third party application hosts a great deal of MIS information
pertaining to the deals and customers and a consolidated posting is
done into the CBA.
In order to provide a comprehensive and detailed MIS, Vision is
structured to accept feeds from external data processors as
Customer Enrichments. These additional feeds are at an account
level detail providing a detailed Product / Customer MIS.
Vision has in inbuilt auto reconciliation and plug process for these
enrichments in order to maintain its high standard of data integrity.
• Database Patrol
The data mart is a collection of information from multiple sources. It
also permits adjustments and enrichments in an auditable
environment. This increases the risk and issues of data integrity.
Vision has been strengthened with an internal policing program
that scans all the key risk areas for referential integrity and
redundancies in data. The process is automated and returns error
reports.

15. The DBP process also allows fixes to the damaged relationship and
re-validates the new relationships in line with business policies.