As one of the world's premiere banking institutions,
UBS Switzerland has always been at the forefront
of developing new financial systems and
technologies.
The Needs:
UBS needed a state-of-the-art reporting
system to track key performance indicators
(KPIs) for its strategic and operational
business management. These KPIs include
monitoring of return on assets, total client
assets, and net new money. UBS sought an
advanced accounting and reporting system
that could meet regulatory (IAS, US GAAP,
SOX, and Basel II) and internal (on client,
product, and profit center levels) reporting
requirements.
Our Solution:
To answer the needs, together with their
internal resources, UBS was pioneering
a new business solution that combines
financial and management accounting in
a single system. The system is called
as GEAR stands for Global Environment
for Accounting and Reporting, the new
system will address the growing array
of business and statutory reporting requirements
and at the same time boost the quality
and efficiency of its accounting processes.
UBS's system breaks new ground in computing
sophistication, adopting a multidimensional
approach to accounting that enables the
bank to process huge numbers of balance
positions and millions of daily postings.
The overall UBS accounting architecture
includes a central accounting logic, ledger
system, valuation processes, and reporting
layer. For the ledger system, UBS selected
Oracle General Ledger, a component of
Oracle Financials.
GEAR is the first General Ledger DWH in
the Bank Business Segment worldwide.
It's one of the biggest DWH-Implementation
world-wide.
Services Provided:
- Requirement Gathering
- Physical Environment Setup
- Data Modeling
- Development Batch-Processing
- Development Middleware-Components
- Performance Tuning
- Quality Assurance
- Rolling out to Production (World-Wide)
- Production Maintenance
- Incremental Enhancements
Technology We use:
- Sun-Cluster
- Solaris
- Oracle RDBMS
- Oracle RAC-Option
- Oracle Financials
- IBM WebSphere
- Custom-developed ETL-Tools
- Business Objects
