TOPOFFICE - Misys

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TopOffice <strong>TOPOFFICE</strong> ”A Spitfire could be flown well by any talented pilot. Today, planes have evolved so much that this is no longer possible. No matter how skilled the pilot, a Euro-fighter jet would crash if it wasn’t for the computer guidance systems installed. Banks have evolved in much the same way – increasing complexity and volumes make it nearly impossible to run a bank without the aid of business tools. TopOffice acts as a business guidance system for banks – it provides business leaders with the real-time intelligence that they need to be able make effective decisions and drive growth responsibly while minimizing risk.” Like today’s complex aircraft, financial institutions can no longer operate without real-time systems to track and control their position. There is a demand for management solutions that reach out across business silos to deliver an integrated view of profit and risk. Designed from the ground up to capture, aggregate and analyze data in real-time, TopOffice is a complete solution for risk aggregation, performance analysis and funding decisions. For the C-Level, TopOffice provides a dynamic view of risk. This provides executives an integrated realtime view of P&L, balance sheets and the potential risks, creating true business insight and giving the opportunity to drill down into the underlying information. In a world where banks are expected 2 Brochure to know more and anticipate better, TopOffice features a market leading scenario analysis engine and innovative design tools that represent the cutting edge of stress testing technology. Scenarios and stress tests can be run efficiently, simply and on an ad-hoc basis due to the underpinning architecture that makes TopOffice a truly asset class agnostic product. TopOffice delivers industry leading data integration and aggregation across business units, reducing operational risk and lowering costs. For financial institutions that recognise the need to manage risk in real-time, TopOffice provides a next generation, integrated business risk and performance management tool. Banks that act first to optimise capital and liquidity management, will win in today’s uncertain, high stakes markets.
TopOffice NEW OPPORTUNITIES, NEW CHALLENGES As financial institutions strengthen balance sheets and rebuild confidence as well as their discretionary investment portfolios, there is a fundamental shift in focus from pure regulatory compliance to transparency and the implementation of best practice. Funding efficiency and liquidity risk have moved to the top of the agenda. It is no longer acceptable to have unexplained or unknown risks in a portfolio. Consequently, there is an imperative to develop a holistic view across the business with the ability to dive down into the underlying data on demand. There is a greater emphasis at Board level on the timeliness and granularity of reporting as banks are expected to understand and anticipate future scenarios better. This is putting risk management under pressure to run more frequent and efficient stress tests. There is a fundamental shift in focus to transparency and best practice, which is forcing banks to upgrade their systems by adopting an integrated real-time approach. Key challenges Balancing capital and liquidity The cost of capital and liquidity is increasing, markets are volatile and margins are slimmer. In this environment, sophisticated funding strategies are essential to enable banks to balance the capital requirements with liquidity needs. Infrastructure won’t support real-time There is a requirement to move from end-ofday to intra-day reporting and, in some cases, real-time distribution of data. Lack of front office visibility Lack of visibility over the risks being taken in the Front Office, means businesses face challenges determining the level of capital to set aside for losses. Business agility To bring new products to market quickly while ensuring pricing and risk is effectively reflected and managed, banks need to have an intuitive understanding of the product risks and what action should to be taken in response to external events. Moving from accrued to real-time accounting Regulators demand consistency between economic & regulatory risk and pricing models. This means that Treasury, Risk Management and Finance need to reconcile their models to ensure all key parameters that feed into their P&L are consistent. More demanding scenario analysis Market pressures are driving banks to take a more comprehensive view over positions and future liabilities, under a broader range of potential scenarios. The time taken to build and run scenarios can limit a bank’s ability to anticipate their response to future events. Multiple systems and high operating costs Banks have data from multiple sources that needs to be integrated. This is an expensive and time consuming activity that hinders accurate risk management. Brochure 3
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TOPOFFICE - Misys

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