Creativity is intelligence having fun. Wolters Kluwer OneSumX transforms your intelligence into reality. A mesmerizing financial risk management tool.
Use Cases and Deployment Scope
Wolters Kluwer OneSumX is used primarily in our company to help us solve our financial risk management problems in order to meet our business security and compliance to avoid unwanted business losses. It provides us with a unified platform for running deep analytics like scenario analysis and stress testing which gives us accurate reports on any possible true financial risk threat. More to these financial risk analytics, it helps us to optimize our entire balance sheet for easier data modeling. These analytics helps our business decisions making department to make informed decisions aimed at ensuring that the business meets its security and compliance.
Pros
- It is easy to run various scenario analyses and stress testing on various financial activities in order to get useful metrics about possible financial risks.
- It allows one to easily and fast process even huge amounts of data thus saving time and resources spent performing these activities.
- It is flexible and easy to customize in order to fit your working criteria so as to best meet your financial risk management needs.
- It is easy to have a full review of the entire balance sheet for easy data modelling.
Cons
- The price of the payment packages is a little bit high and this means it is not suitable for use by small-scaled businesses.
- It has a wider range of features whose usage needs some time to train and master. This consumes extra resources and time.
Most Important Features
- Stress Testing and Scenario analysis features allow one to run deep analytics on all possible scenarios in order to figure out any stress on your finances.
- The regulatory reporting feature allows one to obtain accurate and easy-to-understand regulatory reports to help you meet your regulatory compliance.
- The risk management feature helps us to review and run analysis on our balance sheet to figure out any possible risk be it market risk or credit risk.
Return on Investment
- It has helped us to streamline our financial risk management experience such that we are able to detect possible financial risks in good time and deal with them accordingly.
- It has helped us to generate accurate and transparent regulatory reports that
- guides us in ensure regulatory compliance is met.
- It has allowed us to run analyses on our financial processes based on different scenarios in order to detect possible financial risk threats.
Alternatives Considered
Wdesk, SAS Governance and Compliance Manager (Enterprise GRC) and Riskalyze
Other Software Used
Asana, Sage Intacct, FinancialForce ERP