Investing in Success with Oracle BI Cloud Service
With more than $20B in assets, Western Alliance Bancorporation (WAL) is one of the country’s top performing banking companies and ranked #2 on the Forbes 2018 Best Banks in America list.
CRITICAL DATA WAS DIFFICULT TO WITHDRAW
The bank had good visibility into profitability with Oracle Planning and Budgeting Cloud Service (PBCS), but lacked a platform that could pull data from different sources, model it, and create visual stories.
Financial planners were challenged to drill through to transaction-level detail to answer key questions that enable them to spot opportunities, forecast efficiently, and reduce risk. Addressing this need required tremendous manual effort by several analysts to combine data from multiple sources and reconcile against the PBCS instance.
WAL required a cloud analytics platform that would enable financial reporting and analysis on PBCS as well as provide critical ERP data.