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Increasing competition, consolidation, global expansion – the financial services landscape has been changing at a dizzying pace. But one old rule still applies: survival of the fittest. Those who want to survive – and thrive – will have to move fast to keep up with customer demands, changing regulations and the risks of everyday business.
Customers want efficient, inexpensive, personalized services available through a variety of channels. New regulations require frequent, accurate financial reports and diligent monitoring for illegal activity. Financial services institutions are striving to meet these demands and balance them with increasing costs, tighter budgets and controlled risk.
Success is possible – for companies that can make sense of the vast quantities of data at their disposal. With the right software solutions, these companies can:
- Create a complete view of customers and products to maximize customer lifetime value while improving customer acquisition and retention rates.
- Ensure the financial health of the organization by managing key tangible and intangible assets.
- Improve capital allocation and manage risk by accurately calculating and aggregating risk measures across the enterprise.
- Mitigate the risk of a damaged reputation due to money laundering through faster, more accurate detection of illegal activities.
- Create an effective business strategy and communicate a compelling vision to act upon.
- Implement more effective business processes, improve shareholder value and realize greater business results through the management of channel communications, human resources, financial strategies and IT infrastructure.
- Achieve ROI quickly – within weeks rather than months of implementation.
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Financial services solutions from SAS deliver accurate and timely information to help you maximize profitability and manage risk, thus achieving greater shareholder value and competitive advantage. SAS has decades of experience providing solutions for the financial services industry, including the banking and insurance sectors, giving us a unique ability to help companies like yours reach their most important strategic goals while strictly complying with governmental regulations. In addition, SAS offers comprehensive, flexible solutions for Sarbanes-Oxley compliance to effectively track, store, document and audit every financial process and control within your business.
SAS also provides the foundation for the only integrated suite of intelligence solutions from a single vendor that facilitates strategic and operational decision making and regulatory compliance. Our combination of award-winning software, predefined analytics and core financial services architecture allows for complete integration of solutions across the enterprise.
SAS – a leader in analytics for the financial services industry
With 30 years of experience in financial services, SAS works closely with top financial institutions to provide timely solutions that address critical business needs. In the financial services industry alone, SAS data management, risk management, regulatory compliance, marketing automation, CRM and other software is used by more than 2,900 financial institutions worldwide, 96 percent of banks in the Fortune Global 500. Furthermore, financial services is SAS’ largest industry segment by revenue, contributing 39.5 percent of the total company solution revenue in 2005.
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