Modernizing a Global Bank’s Enterprise Reporting with a Transition from Business Objects to Strategy

Strategy Analytics Migration Enterprise Reporting

Infocepts helped a multinational bank transition from Business Objects to Strategy, enhancing performance, reducing costs, and enabling real-time insights with advanced analytics.

The Challenge

Five business units of a leading bank relied on legacy BI reporting applications built on Business Objects for enterprise reporting. However, these systems presented several critical limitations:

High Operational Costs: Maintaining multiple BI platforms resulted in escalating licensing fees, infrastructure costs, and support expenses, making long-term sustainability a challenge.
Performance Bottlenecks: Limited scalability and slow query performance of legacy platforms impeded real-time decision-making, affecting business agility.
Complex Report Development: Creating or modifying reports required significant development effort, leading to delays in report generation and decision-making.
Outdated Capabilities: Modern BI tools provide advanced analytics, enhanced efficiency, and a lower total cost of ownership (TCO)—capabilities that were lacking in legacy systems, making them increasingly obsolete.

Recognizing these challenges, our client, already using Strategy within their reporting tool stack, made a strategic decision to transition from Business Objects to Strategy to modernize their analytics ecosystem.

The Solution

Infocepts implemented a modern, high-performance analytics solution by transitioning 3200+ reports from Business Objects to Strategy. The transformation focused on optimizing performance, enhancing user experience, and enabling advanced analytics. Key highlights of the solution include:

Structured Migration Approach: Reports were assessed and prioritized based on complexity and business impact, ensuring users gained access to high-priority reports first.
Optimized Business Logic: Migrated the business logic from the BO universe layer to the Strategy semantic layer or database, significantly improving performance.
Data Consistency & Reusability: Conformed dimensions were designed once and reused across multiple reports, reducing redundancy and ensuring data consistency.
Agile Development & Deployment: Adopted an iterative approach, releasing reports in phases to deliver early value to business users.
Enhanced User Experience: Redesigned the UI, improved workflows, and incorporated graphical data visualization, along with a multi-language model for better accessibility.
Advanced Analytics Capabilities: Enabled interactive reporting features such as drilling, slicing, dicing, collaboration tools, and drop-down analytics to enhance data exploration.
Performance Optimization: Offloaded processing to the database and optimized query execution, significantly improving report performance and enabling real-time insights.

The Outcome

By transitioning to a modernized analytics ecosystem, Infocepts empowered the client to enhance efficiency, optimize costs, and drive better business decisions. Key benefits include:

Reduced Operational Costs: Eliminated redundant BI platforms, lowering licensing, infrastructure, and maintenance costs.
Enhanced Analytics Capabilities: Enabled advanced analytics with interactive data visualizations, predictive forecasting, and AI-driven insights.
Accelerated Decision-Making: Real-time access to accurate data improved budgeting models, financial planning, and operational efficiency.
Improved Data Accessibility: Seamless data access for both internal teams and external stakeholders ensured timely insights and enhanced collaboration.
Empowered Business Users: Decentralized data discovery allowed teams to analyze and explore data independently, reducing dependency on IT and increasing agility.
Future-Proofed Architecture: Strengthened the bank’s analytics ecosystem with a scalable, high-performance platform built in collaboration with Strategy, ensuring long-term flexibility and growth.

Talk to us to accelerate your BI modernization journey.

About the Client

Our client is a British multinational bank with operations in wealth management, corporate and investment banking, and treasury services. It’s a global bank connecting corporate, institutional, and affluent clients to a network that offers unique access to sustainable growth opportunities across Asia, Africa, and the Middle East.

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Modernizing a Global Bank’s Enterprise Reporting with a Transition from Business Objects to Strategy

The Challenge

The Solution

The Outcome

Talk to us to accelerate your BI modernization journey.

About the Client

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