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Dec 05 2013

Sapient Global Markets Empowers Trading Firms with Launch of Automated, Standardized End-of-Day Reporting Service

 

Sapient Global Markets, a division of Sapient (NASDAQ: SAPE), today announced the launch of its Close of Business Service (CoBS). CoBS is a fully managed end-of-day reporting service for capital and commodity markets firms which will reduce end-of-day reporting costs while improving overall risk control and profit predictability.

 

Sapient Global Markets’ CoBS offering empowers trading firms by offering an automated, standardized reporting solution to manage all operational activities required for close of business reporting. CoBS also provides clients with real-time dashboards that provide visibility into all aspect of the operations process. Greater visibility and automation not only provide more control around the reporting process, they facilitate higher scalability and enable firms to reallocate capital investment into their core business.

 

“The industry is demanding smarter ways to achieve greater business efficiency,” said Arun Karur, vice president and head of commodities at Sapient Global Markets. “Our CoBS offering addresses that demand with a value proposition that is simple, yet powerful. Our clients are able to hand their daily transaction book to us, and we hand it back to them the next morning, with the data collection, analysis, and reporting complete and ready to go. Clients are able to achieve higher predictability, smarter processing, and reduced overall risk while capitalizing on the specialized expertise, lower cost, and higher scalability benefits that a managed service can provide.”

 

Increasingly, firms are seeking new ways to reduce operational complexity and cost without compromising business performance. This drive has prompted companies to seek outsourced, shared, and managed solutions for areas of their businesses that have historically been handled in-house.

 

End-of-day transaction reporting is an example of a business process that is not considered a competitive advantage and hence capital and commodity markets firms are increasingly looking to outsource this function. Sapient’s Close of Business Service (CoBS) offering was developed to address this growing market demand.

 

Sapient’s CoBS offering is a combination of software, services, and business process intelligence that standardizes and streamlines the end-of-day transaction reporting process for market participants. The service ensures all business transaction information—including P&L, position, mark-to-market, and cash flow data—from across every trading location has been correctly gathered and processed for end-of-day reports.

 

From opportunity assessment and service design through to execution services, systems health monitoring, and issues management, CoBS enables firms to leverage a complete end-of-day reporting service that lowers total cost of ownership while improving business process through standardization, automation, and business process expertise.  

 

Sapient’s CoBS offering manages all of the activities required for close of business processing, including:

 

  • Automation and standardization of reporting through a real-time dashboard
  • Structured incident and problem management
  • System and business process monitoring
  • Business intelligence through data analysis and market expertise
  • Execution of business services including data validation and reconciliation
  • Active management of attrition risk and knowledge management
  • Round-the-clock service for all time zones and geographies

 

For more information on Sapient’s CoBS offering, please contact us at: info@sapient.com.

 

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About Sapient Global Markets:

Sapient Global Markets, a division of Sapient® (NASDAQ: SAPE), is a leading provider of services to today’s evolving financial and commodity markets. We provide a full range of capabilities to help our clients grow and enhance their businesses, create robust and transparent infrastructure, manage operating costs, and foster innovation throughout their organizations. We offer services across Advisory, Analytics, Technology, and Process, as well as unique methodologies in program management, technology development, and process outsourcing. Sapient Global Markets operates in key financial and commodity centers worldwide, including Boston, Chicago, Houston, New York, Calgary, Toronto, London, Amsterdam, Düsseldorf, Geneva, Munich, Zurich, and Singapore, as well as in large technology development and operations outsourcing centers in Bangalore, Delhi, and Noida, India. For more information, visit www.sapientglobalmarkets.com.

 

Safe Harbor Statement

This press release contains forward-looking statements — in particular, those related to the development of software and related services and potential sales to clients — that involve a number of risks and uncertainties. All forward looking statements are based upon current expectations and beliefs and various assumptions. Actual results could differ materially from management's expectations and the forward-looking statements contained in this release. A number of factors could cause actual events to differ materially from those indicated, including, without limitation: a reduction in the demand for the company's services in light of the current or future economic environment; the company's ability to accurately set fees for and complete projects on a timely basis; the acceptance of the company's services; changes in Federal government spending priorities, and other risks and uncertainties as set forth in the company's filings with the SEC, including without limitation the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Any forward-looking statement speaks only as of the date on which it is made, and the company undertakes no obligation to update any forward-looking statements for any reason, including to reflect events or circumstances after the date on which such statements are made or to reflect the occurrence of anticipated or unanticipated events or circumstances, except as required by law.

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