The BFSI sector has always been at the forefront of technology deployments. One company in this sector, the Financial Technologies (FTIL) group decided to adopt a BI solution to have a clear view of its operations and lines of business.

FTIL offers technology Intellectual Property (IP) and domain expertise to create and trade on next-generation financial markets across all asset classes including equities, commodities, currencies and bonds. FTIL, which controls over 80 percent of the market share in front-end trading technologies in India, deploys a host of support solutions with its unique IP-centric technology platforms. MAIA Intelligence’s 1KEY BI solution is the latest to join FTIL in providing support solutions.

FTIL evaluated many products in the market against criteria such as speed and ease of deployment, flexibility of use and the capability to analyze reports by efficient slicing. The company began deploying MAIA Intelligence’s 1KEY BI solution with a proof of concept. The biggest challenge the company faced was ensuring complete security. Once security issues were overcome, the company proceeded to configure and commission the project.

MAIA’s 1KEY BI offers a wide range of reporting and analysis interfaces for FTIL, providing insights into business performance across the company through dashboards, analytical and static reports. The solution analyzes employee as well as business process efficiency. Both need to be continuously monitored and controlled for increased profitability with the help of report scheduling.

Through the 1KEY BI application, FTIL can run efficient reports and analyze data received from HR and payroll, CRM and BPM systems to track employee productivity, improve margins, review market specificity, and identify growth opportunities. The software can also generate reports for various departments like Finance, HR, Administration and IT.

Paras Ajmera, Director– Operations & HR, FTIL, says, “MAIA worked closely with us to co-create and deploy a highly scalable and usable solution so that our clients can access superior technology and domain leadership for creating and trading on next-generation financial markets.” The key functions using this tool are Finance, HR, IT and Marketing. “We have been adding more departments in a phased manner and we also plan to integrate it with our ERP,” says Ajmera.

Delighted at the successful implementation, Ajmera opines, “We have observed immense benefits with the BI deployment. We now have a complete bird’s eye view across various business units and functions on a daily basis, and in some cases, in near real-time basis—something that was complex in the past.”