From cumbersome reports to agile decision making: Indium empowers global financial services leader in ESG reporting
Client spotlight
Our client, a prominent player in the financial services industry, offers a comprehensive suite of solutions across fixed-income, equities, alternatives, and multi-asset investments. They are committed to responsible investing practices, integrating Environmental, Social, and Governance (ESG) factors into their investment strategies.
Manual reporting hinders ESG transparency
As ESG investing continues to gain traction, with projections suggesting it will reach a staggering $33.9 trillion by 2026, the ability to transparently showcase ESG commitments becomes crucial.
The client was committed to environmental, social, and governance (ESG) investing and wanted to effectively showcase their impact to clients. However, their current method of generating annual ESG reports was cumbersome and inefficient. Here’s a breakdown of the key challenges:
01
Manual and time-consuming reporting
Generating annual ESG impact investing reports relied heavily on manual processes using MS Access. This consumed considerable time 1 and resources and limited report generation to skilled users.
02
Inefficient UI design
The existing user interface wasn’t designed for frequent report generation, hindering critical deci2 sion-making based on up-to-date ESG
03
Compliance and automation needs
Regulatory requirements demanded a more robust and automated solution for report generation. The client needed the ability to generate reports based 3 on specific client selections, a feature absent in the existing system.
04
Limited user access control
Role-based access controls were unavailable, creating potential security concerns and ineffi4ciencies.
Indium delivers a powerful, user-friendly ESG reporting solution
Understanding our client’s need for agility and efficiency, Indium crafted a comprehensive solution to transform their ESG reporting process. Here’s a closer look at the key components:
Web application built for scalability
We developed a web application that seamlessly integrates with external database management systems. This empowers users to generate reports based on specific client selections, facilitated by a robust system of 141 APIs.
Empowering users with role-based access
Gone are the days of restricted user access. Our solution implements role-based access controls (RBAC), granting the right level of permissions (view or edit) based on user groups. This ensures data security while empowering relevant personnel to contribute effectively
Actionable insights at your fingertips
We designed interactive dashboards for Relationship Managers (RMs) and Portfolio Managers (PMs). These dashboards provide a centralized hub for viewing reports, managing client profiles, overseeing funds, and monitoring asset impact metrics – all in one place
Data migration and management
We undertook a comprehensive data migration process to ensure historical data wasn’t lost. We successfully migrated pre-existing data to the latest database, creating a robust foundation of over 10,000 records from around 50 tables.
Enhanced user experience
The user experience was paramount. We built a user-friendly front-end with 43 intuitive UI screens. This allows users to effortlessly view, update, and save various criteria related to funds and their corresponding assets.
A win for efficiency and transparency in ESG reporting
Indium’s solution delivered a transformative impact on our client’s ESG reporting process. Here are the key metrics that showcase the success:
01
70% efficiency boost
Report generation became significantly faster, freeing up valuable time for strategic initiatives.
02
2x faster reporting:
ESG reports can now be generated twice as quickly, giving our client a competitive edge.
03
Near-perfect uptime
With a 99% application availability rate, users have reliable access to the reporting tool whenever needed.
04
Enhanced compliance
Accurate disclosure and adherence to ESG reporting norms ensure transparency and peace of mind.
05
BIC code coverage up 80%
Delivery of Business Identifier Codes (BIC codes) for reporting purposes saw a significant increase.