The Royal Bank of Scotland (RBS) describes itself as “customer-obsessed.” To better serve its customers, the finance team is tasked with modeling various strategies and scenarios tied to the bank’s products and services. This proved a challenge with legacy finance systems.
To improve the speed of business, RBS moved finance functions to the cloud—including planning and budgeting, strategic modeling, financial forecasting, predictive analytics, profitability and cost management, and the financial close. The result: RBS can now adjust its strategic models in minutes.
The cloud has really helped us improve the pace at which we're able to produce scenarios. And it's not a case of just building the model and it's finished. Our users are able to evolve their models on a regular basis, in a safe and controlled way."
Learn more about how the Royal Bank of Scotland is using cloud technologies to better serve its customers. Download an executive summary of Agile Finance Unleashed: The Key Traits of Digital Finance Leaders.