A collaboration between a major Belgian bank, a pioneering fintech, and their respective clients, is offering a customisable financial dashboard that blends powerful forecasting metrics with effortless data sharing capabilities. Frédéric Fontaine, Head of Transaction Banking, BNP Paribas Fortis, and Didier Vankeerberghen, Co-Founder, EMAsphere, reveal their treasury data revolution.
Making decisions without the right financial data is, to all intents and purposes, a guess. Treasurers are not in the business of gambling their organisations’ money. But acquiring the right data, at the right time, and in a way that makes sense for all who need it, can be a serious challenge to prudent decision-making.
This is why BNP Paribas Fortis decided to collaborate with the financial reporting solution EMAsphere, using client input on both sides to guide the development and wider roll-out of EMAsphere’s digital platform that seamlessly blends a customisable financial dashboard with powerful forecasting and data-sharing capabilities.
The aim of the platform is to remove the threat to decisioning accuracy and timeliness posed by the all-too-common use by finance departments of multiple spreadsheets. Indeed, in the current highly volatile trading environment, the financial risks posed by rapidly changing and deteriorating scenarios simply cannot be overestimated, says Vankeerberghen.