Banking on BI

To address business and technical information consistency issues, the International Monetary Fund (IMF) has implemented business intelligence and data warehouse technology in its treasury department. The solution from Reveleus will enable the IMF to eliminate multiple databases and to reduce data management and maintenance demands. IMF is an international organization of 184 member countries established to help promote the health of the world economy. As an authority on the international economy, IMF is responsible for providing decision makers with uniform, consistent data.

IMF will implement the pre-built business analytics solution to enable more thorough analysis of information in its liquidity planning, financial forecasting and reporting functions. Reveleus is said to enable organizations to break down information silos so that business users get a consistent, accurate view of operations.

The IMF will implement the Reveleus Risk Management, Enterprise Financial Performance and Asset Liability Management analytical applications. The applications allow business users to analyze business information using common terms and concepts. Other benefits, according to Reveleus, include improved income planning and tracking, proactive management and measurement of liquidity planning, and the creation and evaluation of multiple what-if scenarios for more accurate asset liability management.

Reveleus is a business of i-flex solutions, which provides IT solutions to the financial services industry. The International Monetary Fund is also implementing i-flex's flagship product, FlexCube, to streamline operations in the areas of lending, deposits and financial accounting.