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Measure Financial Institutions Enterprise Performance with Neos and Oracle

Neos achieves Sell Expertise in Oracle Financial Services Enterprise Performance Management in East Central Europe

Almost 10 years ago Neos completed one of the first OFSAA installations worldwide. We successfully implemented the next generation version of Oracle Financial Services Enterprise Performance Management suite in one of the largest Croatian financial institutions.

What followed was a new, one-of-a-kind analytical/reporting solution for one of the largest Turkish Banks – Profitability insight (click for more details). It was developed and implemented by Neos using data sourced from an OFSAA EPM model. The solution enables multi-dimensional profitability analysis of the structure, trends, causes of change, variations, top N positions, relationships and other key indicators related to each component of the income and the expense that affect the final result.

Earlier this year Neos achieved all business and technical expertise requirements and was recognised as having proficiency to sell Oracle Financial Services Enterprise Performance Management products.

Oracle’s financial services applications are integrated solutions based on industry best practice components. Solutions can be deployed with confidence, because all the pieces fit together: data, analytics, business rules, hierarchies, and reporting.

Key components of OFSAA EPM (click for more details) are:

  • OFS Profitability Management – calculate profitability measures by products, channels, segments and event individual clients and accounts.
  • OFS Fund Transfer Pricing – determine the spread earned on assets and liabilities, and the spread earned as a result of interest rate exposure of each customer account.
  • OFS Pricing Management – real-time transfer rates to support pricing loan transactions reflecting immediate market conditions and transfer pricing methodology.
  • OFS Balance Sheet Planning – accurate forecast and plan net interest margin by using asset liability model planning framework enabling creating scenarios based on current portfolio + expected products quantity and characteristics effects.

Steady growth of Oracle Expertises for Neos

With the addition of the new OFS Expertise, Neos now has a total of 35 Cloud expertises, confidently remaining among the top of Oracle Partners for the ECE region. If you want to know more about Oracle Financial Services EPM suite, or any other Oracle product or service, get in touch!

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