Noronesc provides a single view to the many relationships a financial institution has with its customers across products, services, and locations, identifying bottom-line profits, cross-selling/up-selling opportunities, and target markets increasing customer value and loyalty through consistency and value offered consistently across all channels
Noronesc allows consolidation of the infrastructure to One integrated, intraday environment for both core technology and applications, improving operational efficiencies and bottom line cost reduction, eliminating the need to store data in individual silos, increasing data quality and consistency, accelerating and reducing cost for delivery of new products and services, and, providing transparency of information across the enterprise
Noronesc improves Performance Management, Reporting and Corporate Governance, helping financial institutions to meet the ever-changing regulatory environment through ongoing monitoring and management of compliance and enterprise wide performance management, and, providing a single source of integrated, consistent information to meet regulatory reporting and monitoring requirements
Key Features
Noronesc supplies technology and applications to leading financial services institutions. These solutions facilitate internal integration of critical financial management, employee and customer information driving enterprise wide management of assets/liabilities, customers, products, costs, profitability and planning. Noronesc in combination with Oracle’s products provides a comprehensive solution for regulatory compliance and performance management. Oracle is strongly positioned in the Business Intelligence space. In data warehousing, Oracle is the de facto standard.
Noronesc offers financial institutions:
- Increase visibility and transparency across the enterprise
- Financial, Risk and Resource Management
- Industry specific Key Performance Indicators (KPIs)
- Establish and Sustain Profitable delivery of new products and services
Noronesc solution for Financial Institutions is differentiated through:
- Single integrated technology stack to support general ledger, financial management, customer data and information delivery
- Applications that all use the same data to deliver risk management analytics, budgeting and planning, profitability analysis and activity based costing
- Our Information Architecture facilitates real-time collaboration across the multiple financial institution silos
Benefits
Consolidate Technology Infrastructure to an Integrated, Intra-day Environment
- Reduce overall operating costs eliminating duplication, replication, timing inconsistencies, data integrity problems
- Improving transparency of information across the enterprise
- Enables expanded customer self service
- Single place for regulatory reporting
- Automation of manual processes
- Improve overall access, timeliness and delivery of information.
- Share information across the organization, better ensuring that all touch points have the same data.
- Intelligence – consistently capture information and leverage it to improve decision-making
Enhance Customer Knowledge to Deliver Personalized, Profitable Offerings
- Optimize service of profitable customers
- Utilize customer P&L statements to improve customer segmentation
- Understand cross-channel interactions by leveraging the single Data Model
- Improve cross-sell and up-sell for higher wallet-share through improved customer profiling
- Focused retention
- Improve ability to profile and retain targeted customers
- Targeted customer acquisition
- Decrease customer acquisition costs by spending campaign dollars on targeted customers
- Quickly generate informed account-based incentives by leveraging campaign to cash flow
- Single source of truth enables different parties to drill down into customer profitability and behavior for improved targeting and better service.
- Exclusive TCA/Trading Community Architecture provides a 360 view of the customer – regardless of the channels that the customer may use.
- Built on the Oracle Application Server architecture, we deliver a robust and fault tolerant solution capable of delivering a real multi-channel experience.
- Built-in Business Intelligence enables unique, transaction processing, analytics, and closed-loop transaction automation unavailable from any competitor.
Improve Performance Management, Reporting, and Corporate Governance
- Same information in all systems ensuring all touch points have the same data, for less data entry, and cost reduction due to elimination of erroneous information.
- Single source of truth enables financial manager to easily drill down into capital allocations and optimize it to meet both regulatory requirements and shareholder interests.
- Executives can impact ROE through the transparency that is offered into risk quantification.
- “Built-in” Intelligence – consistently captures information and leverages it to improve decision-making at all levels.
- Integrated, Internet-architected capabilities enable true customer life-cycle management to the hands of the retailer.
- Exclusive TCA/Trading Community Architecture provides a 360 view of the customer regardless of the channel used.
- Built-in Business Intelligence enables unique, transaction processing, analytics, and closed-loop transaction automation unavailable from any competitor.