London, U.K., 17th October 2001 - aleri, provider of real-time, high speed, information management systems for complex environments, today announced outstanding results achieved by their client, the AIB Group, following the
Group's implementation of aleri's innovative software solutions.
"Our experience with aleri in production during the past year has proved to us that if someone came and took aleri away from us today, AIB Treasury & International would be faced with a fundamental business problem and we would have to scale back our demands on our IT system significantly." Padraic Hamrock, Head of IT Services AIB Treasury & International, AIB Capital Markets.
AIB Group, the leading banking and financial services organisation, has operations in Ireland, Great Britain, Poland, USA and Asia. Growth in their Capital Markets Treasury & International business has led to significantly
increased trading volumes and pressure on existing financial, management and reporting systems.
AIB Treasury & International's transaction volumes increased significantly as it migrated its legacy applications to a new application architecture. This
increase creates 360,000 financial transactions daily, with over 33 million trading balances being generated or updated daily.
Two major challenges needed to be addressed. Firstly, the need to improve management reporting and analysis within a fixed time window, by removing restrictions within existing systems. Secondly, how to accommodate unlimited increases in transaction volumes. aleri's solution met those challenges.
AIB Treasury & International and aleri worked together to introduce a software solution designed to meet the major performance, scalability and flexibility objectives set by AIB. aleri provided their ultra-high-performance information management engines, and provided implementation support to ensure rapid cutover and operational payback, with minimal risk.
AIB Treasury & International have now improved the range of management reports to cover a significantly wider range of topics, using richer source data, whilst simultaneously getting results very much faster. Key reports are now
generated in 12 minutes, compared to the previous 12 hours, despite a 300% increase in transaction volumes.
"There is no doubt that the ability to make effective business decisions based on up-to-the-minute operational information is critical, particularly in today's tough economic environment." said Alan Hambrook, CEO of aleri. "AIB's storming growth has been a rewarding environment in which to achieve these dramatic improvements in timely business feedback, driven by aleri's high performance software engines"
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