FinArch Signs Contract with Dresdner Bank for Global Roll-Out of its Financial Studio Solution

Ghent/ Frankfurt – 10 May 2005 - Financial Architects (FinArch), international provider of business intelligence and financial reporting software, today announced that it has signed a contract with Dresdner Bank AG for the roll-out of its Financial Studio solution. Financial Studio will serve as the analytical sub-ledger for Dresdner Bank’s investment banking division, Dresdner Kleinwort Wasserstein (DrKW), and will cover global trading operations.

Financial Studio Sub-Ledger helps to keep the General Ledger lean and efficient, providing analytical capabilities, normally not practical within the General Ledger-only architecture. Since its Sub-Ledger captures the full details of transactions and supports advanced drill-down and drill-through features a full audit trail for individual transactions and trading positions is always available.

The detailed ledger, combined with DrKW’s rule-based multi-GAAP derivation process, will provide a rock-solid foundation for the bank’s financial and management reporting requirements.

DrKW in London and New York has already adopted the Financial Studio solution as their single target platform and is now working in close partnership with FinArch to develop a system that will enable integrated and automated, internal and external analysis and reporting processes across the investment bank.

"This partnership with FinArch will facilitate a truly integrated finance platform across the bank and enhance efficiency, controls and alignment of our business," says Dresdner Bank’s Infrastructure Finance Programme Director, Stefan Schmid.

"With this project, we have leveraged the potential that has been built into our Financial Studio solution from the beginning," says FinArch CEO, Dirk De Beule. "Projects like this enforce the global scope of FinArch as a multinational organisation."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development