With a little help from a consultant, Saint Petersburg Bank found what they were looking for in Qlik. In June 2015, employees began training on how to develop Qlik applications, and by November it had been deployed by corporate headquarters and numerous divisions. To date, the bank has loaded over 100 million accounting data records into Qlik and roughly 100 users have access to this large volume of data.
“During testing, the local Qlik banking experts, with the support of BI Consult, were able to clearly assess the capabilities of the platform, so that the effect of implementation was evident even before the start of the project.” Deputy Chairman P.V. Filimonenok.
Thanks to Qlik, with BI Consult’s help, the bank now has better insight into short term liquidity, including a retrospective analysis on balance changes of customer accounts. The bank also has the ability to dive deeper into the details and view individual contracts and invoices to pinpoint client budget figures. It may not sound impactful at first, but consider that it once took an average of 40 minutes to complete a task which now takes 3-5 seconds.
After implementing Qlik, Saint Petersburg Bank was able to save both labor costs and employee resources by shortening report delivery time to management. In a sense, you could call it a case of “found money”.