The client is a public financial institution that implements the policy defined by the French Government. It works to fight poverty and promote sustainable development.
Due to an increase in regulatory requirements and growing expectations of senior management, the institution faced a significant increase in the demand for different risk and finance metrics and analysis. This meant that the organisation’s existing risk database was out of date and no longer fit for purpose, especially with regards to its ability to provide an adequate level of risk analysis. The institution acquired the services of Avantage Reply to support with addressing these shortcomings.
The project started with an in-depth gap analysis to determine the areas of improvements needed. From this analysis, key priorities were defined and an action plan was developed around the following key building blocks:
By the end of the project, the institution had an enhanced risk and finance database which allowed it to optimize, streamline and automate the production of risk reporting and analysis. The new database was able to be used to produce an internal risk dashboard with significantly improved data quality and accuracy.