Case Study

Revolutionizing Regulatory Reporting


This Tier 2 bank faced a significant challenge with its manual regulatory reporting processes, leading to inefficiencies, increased risk, and resource-intensive operations. The firm engaged our team to spearhead a three-year regulatory reporting automation project. The objective was to transition from manual reporting to a streamlined and automated process, ensuring accuracy, efficiency, and compliance.

The Solution:

Our approach focused on a meticulous strategy across various phases:

Data Infrastructure Assessment:

  • Conducted a comprehensive analysis of the existing data infrastructure and systems.
  • Identified critical data elements, established data lineage, and defined data dictionaries.

Data Quality Remediation:

  • Collaborated with data teams to identify and remediate data quality issues.
  • Ensured a robust foundation for accurate and reliable regulatory reporting.

Scope Definition and Requirements Gathering:

  • Collaborated with finance teams to define the scope of report automation and the future state architecture.
  • Drafted detailed Business Requirement Documents (BRDs) and Functional Requirement Documents to guide and document the implementation.

Automation Tool Selection:

  • Selected Axiom SL as the automated regulatory reporting tool based on its suitability for this banks reporting needs.

Reverse Engineering and Strategic Design:

  • Reverse engineered manual report work papers to draft automation logic.
  • Focused on automating over 75 reports including Branch Reports, Call Reports, TIC Reports, Liquidity Reports, etc.  

Custom Functionalities:

  • Drafted requirements for custom functionalities as requested by users and management.

Continuous Support and Enhancement:

  • Implemented the automated reports in Axiom SL and provided ongoing support.
  • Adapted to evolving requirements, enhancing and adding functionalities as needed.

User Training:

  • Worked closely with finance teams to train all resources on the effective utilization of Axiom SL.
  • Ensured seamless adoption and maximized the benefits of the automated reporting system.

The Methodology:

The project unfolded in a systematic manner:

Assessment and Planning:

  • Detailed analysis of data infrastructure and systems.
  • Collaborative planning with finance teams to define scope and requirements.


  • Seamless integration of Axiom SL for automated reporting.
  • Continuous refinement based on evolving requirements.

Support and Training:

  • Ongoing support for users post-implementation.
  • Comprehensive training to empower users in utilizing Axiom SL effectively.

The Results:

The collaborative efforts of our team resulted in significant achievements for:

Operational Efficiency:

  • Eliminated manual reporting processes, reducing errors and improving efficiency.
  • Streamlined data infrastructure and remediated data quality issues for reliable reporting.

Regulatory Compliance:

  • Achieved consistent and accurate regulatory reporting, mitigating compliance risks.
  • Ensured timely and precise submission of reports, aligning with regulatory requirements.

User Empowerment:

  • Finance teams empowered with automated tools, leading to enhanced productivity.
  • Custom functionalities addressed specific user needs, improving overall user satisfaction.

Adaptability and Scalability:

  • Axiom SL provided an adaptable and scalable platform, accommodating changing regulatory landscapes.
  • Continuous support and enhancement ensured the system evolved with evolving business needs.

Measurable Success:

Data Infrastructure:

  • Improved data quality, reducing data errors by 70%.
  • Streamlined data retrieval, enhancing operational speed by 80%.

Regulatory Reporting:

  • Achieved 92% accuracy in regulatory reporting.
  • Timely submission of reports, resulting in near zero compliance issues.

User Satisfaction:

  • 85% increase in user satisfaction.
  • 75% reduction in the time required for report generation.


The successful execution of the three-year regulatory reporting automation project at this bank exemplifies our commitment to delivering transformative solutions. By combining expertise in data management, strategic planning, and hands-on collaboration with the client, we not only automated complex reporting processes but also empowered the finance teams with a dynamic tool for future regulatory challenges. This case study serves as a testament to our ability to navigate intricate projects, ensure regulatory compliance, and drive continuous innovation for sustained success.

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