In light of Bangladesh Bank’s strict reporting requirements, banks must submit detailed reports daily, monthly, and quarterly. However, many face challenges due to complex data sources and tight deadlines.
FinSoft Technology Limited addresses these issues with the FinSoft Reporting Module (FSRM). This solution simplifies reporting, reduces manual tasks, and ensures accurate, timely submissions while optimizing resources.
Data Source Independence: FSRM is designed to integrate seamlessly with diverse data sources, ensuring flexibility and compatibility.
On-demand Regulatory Reports: FSRM facilitates the generation of regulatory reports anytime, anywhere, enabling banks to meet submission deadlines effectively.
Pre-scheduled ETL Process: The Extract, Transform, Load (ETL) process implemented in FSRM automates the following steps:
Extract: Data is extracted from multiple sources, including databases, spreadsheets, and external systems.
Transform: Data undergoes transformation processes such as cleansing, validation, and formatting to ensure consistency and accuracy
Load: Transformed data is loaded into the FSRM database for report generation and analysis.
Dynamic Dashboard: FSRM provides a dynamic dashboard for real-time tracking of reports and early alerts for impending deadlines, empowering proactive decision-making.
In-built Format Conversion: Reports can be converted into required formats such as CSV, XML, or XLS seamlessly within the application.
Additional Data Maintenance: The module offers features for topside adjustments and supplementary data uploads, enhancing data accuracy and completeness.
Articulated Authentication Process: FSRM incorporates a multi-layer authentication mechanism to ensure data security and integrity.
Daily Reports Bulk Upload: Facilitates bulk upload of daily reports in XML format, streamlining the submission process.
Report Archival Facility: FSRM includes a report archival feature for storage and retrieval of historical data, aiding in compliance and audit requirements.
Need-based Report Generation: The module allows for the generation of customized Management Information System (MIS) reports based on specific requirements.