It is not unusual for banking organisations to have more than one transactional business system to deliver the different services commonly provided by the banking sector. In additional to transactional systems, financial, human resource and customer management systems are typically needed to meet the needs of the organisation's stakeholders. Collating and managing information from transactional and corporate systems can quickly create a complex and fragile IT environment, resulting in high cost systems maintenance, long lead time delivery of reporting changes, poor analytical information and a number of manual processes to 'fill the gaps'.

While organisations in this sector provide similar services, the business drivers and stakeholders vary across the different types of organisations. Any solution for this sector must be able to take this into consideration and easily adapt to provide the relevant information in a form that is useful to support the decision-making that achieves the business objectives. 

The TechnologyOne OneBanking solution solves the information management problem and delivers a best-in-class financial management and reporting solution enabling multi-dimensional reporting, empowered end-users and flexible IT capabilities that can be easily adapted over the long-term to meet growth, M&A and corporate needs. Our many customers in this sector include banks, credit unions and building societies using a range of different banking and transactional systems; demonstrating the adaptability of the solution to meet the varied business drivers of the different types of organisations, the ease of integration to banking systems and its relevance to the industry.

TechnologyOne's OneBanking solution for banks, credit unions and building societies creates cost transparency across the entire business, provides comprehensive financial management and solves the problem of information management from disparate systems. The solution covers financial management, accounts payable with invoice scanning, purchasing, payroll, project costing, enterprise budgeting and forecasting, human resource management, customer relationship management, APRA reporting templates, interfaces to core banking systems for financial transaction and business intelligence.

We recognise that no two businesses are identical; therefore functional modules from our entire solution suite can easily be added, removed or phased in to tailor the solution for specific business needs.