Actian Case Studies Bloomberg Industry Group Leverages Actian for Efficient Data Integration

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	Bloomberg Industry Group Leverages Actian for Efficient Data Integration Actian

Bloomberg Industry Group Leverages Actian for Efficient Data Integration

Actian

Technology Category	Application Infrastructure & Middleware - Data Exchange & Integration Application Infrastructure & Middleware - Middleware, SDKs & Libraries
Applicable Industries	Finance & Insurance
Applicable Functions	Human Resources Quality Assurance
Use Cases	Leasing Finance Automation Personnel Tracking & Monitoring
Services	System Integration
Challenge	Bloomberg Industry Group was faced with the challenge of integrating its Advantage Fixed Assets tax and accounting software into existing customer application and data infrastructures. The constant changes to tax laws and regulations often required the finance team to monitor and manage corporate data and assets in new and unexpected ways. This was problematic as the financial software and the corporate data and assets were not well and flexibly integrated. The changes often required finance professionals to gather data they had not had to track and monitor before, which may not even reside in their primary ERP systems. Tax changes could even be retroactive, requiring finance professionals to interact in new ways with systems and data repositories configured to support compliance with rules that no longer apply. Read More
About Customer	Bloomberg Industry Group (formerly Bloomberg BNA) is an affiliate of Bloomberg L.P. Its Bloomberg Tax & Accounting division provides corporate financial professionals with tax research, software, and professional/technical services. The company has worked with numerous customers that have encountered challenges after modifying their ERP systems in response to tax or regulatory changes. For enterprises using the Advantage Fixed Assets software from Bloomberg Tax & Accounting, accommodating these changes involves very few headaches. Read More
Solution	Bloomberg Industry Group turned to Actian DataConnect to solve this challenge. Actian DataConnect is a hybrid integration solution that enabled Bloomberg Industry Group to quickly and easily design, deploy, and manage client integrations — on-premises, in the cloud, or in hybrid environments — with no limit on data types or volumes. With its emphasis on reuse and adaptability, DataConnect made it easy for Bloomberg to integrate the data and applications that any client is using with its flagship Advantage Fixed Assets software. Bloomberg could work with these companies to integrate the disparate back-end systems with Advantage Fixed Assets. By automating the manual processes that the employees had been using, DataConnect made it possible for personnel to complete the same tasks — without error — in a day or less. Read More Log in to view content
Contents

Technology Category

Application Infrastructure & Middleware - Data Exchange & Integration

Application Infrastructure & Middleware - Middleware, SDKs & Libraries

Applicable Industries

Finance & Insurance

Applicable Functions

Human Resources

Quality Assurance

Use Cases

Leasing Finance Automation

Personnel Tracking & Monitoring

Services

System Integration

Challenge

Bloomberg Industry Group was faced with the challenge of integrating its Advantage Fixed Assets tax and accounting software into existing customer application and data infrastructures. The constant changes to tax laws and regulations often required the finance team to monitor and manage corporate data and assets in new and unexpected ways. This was problematic as the financial software and the corporate data and assets were not well and flexibly integrated. The changes often required finance professionals to gather data they had not had to track and monitor before, which may not even reside in their primary ERP systems. Tax changes could even be retroactive, requiring finance professionals to interact in new ways with systems and data repositories configured to support compliance with rules that no longer apply.

About Customer

Bloomberg Industry Group (formerly Bloomberg BNA) is an affiliate of Bloomberg L.P. Its Bloomberg Tax & Accounting division provides corporate financial professionals with tax research, software, and professional/technical services. The company has worked with numerous customers that have encountered challenges after modifying their ERP systems in response to tax or regulatory changes. For enterprises using the Advantage Fixed Assets software from Bloomberg Tax & Accounting, accommodating these changes involves very few headaches.

Solution

Bloomberg Industry Group turned to Actian DataConnect to solve this challenge. Actian DataConnect is a hybrid integration solution that enabled Bloomberg Industry Group to quickly and easily design, deploy, and manage client integrations — on-premises, in the cloud, or in hybrid environments — with no limit on data types or volumes. With its emphasis on reuse and adaptability, DataConnect made it easy for Bloomberg to integrate the data and applications that any client is using with its flagship Advantage Fixed Assets software. Bloomberg could work with these companies to integrate the disparate back-end systems with Advantage Fixed Assets. By automating the manual processes that the employees had been using, DataConnect made it possible for personnel to complete the same tasks — without error — in a day or less.

Impact #1	The use of Actian DataConnect not only reduced manual processes, errors, and costs, but also led to higher-level value points. Bloomberg personnel spent a lot of time with clients identifying these value points arising from a broadly integrated solution. These included supporting growth strategies like mergers and acquisitions, improving Sarbanes-Oxley controls, closing financials faster, and reducing tax liabilities. The solution facilitated not only tax and regulatory compliance but also better strategic planning for the future.

Impact #1

The use of Actian DataConnect not only reduced manual processes, errors, and costs, but also led to higher-level value points. Bloomberg personnel spent a lot of time with clients identifying these value points arising from a broadly integrated solution. These included supporting growth strategies like mergers and acquisitions, improving Sarbanes-Oxley controls, closing financials faster, and reducing tax liabilities. The solution facilitated not only tax and regulatory compliance but also better strategic planning for the future.

Benefit #1	Reduced time to complete tasks from weeks to a day or less
Benefit #2	Eliminated errors in manual processes
Benefit #3	No limit on data types or volumes for client integrations

Benefit #1

Reduced time to complete tasks from weeks to a day or less

Benefit #2

Eliminated errors in manual processes

Benefit #3

No limit on data types or volumes for client integrations

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Overview

Bloomberg Industry Group Leverages Actian for Efficient Data Integration

Operational Impact

Quantitative Benefit