Maximum Efficiency in IFRS 9 Processes with Simulation Flows Tailored to Changing Economic Conditions
At Yapı Kredi, the optimization and simplification achieved through SAS’s solutions reduced end-to-end time on IFRS 9 processes by 65%.
83%
Achieved rate of savings in the simulation effort requested from the IT department in a year
Yapı Kredi used SAS Solution for IFRS9 for this project.
Maximum Efficiency in IFRS 9 Processes with Simulation Flows Tailored to Changing Economic Conditions
At Yapı Kredi, the optimization and simplification achieved through SAS’s solutions reduced end-to-end time spent working on IFRS 9 processes by 65%.
The impacts of the pandemic, which has transformed so many industries, are still being felt. In the banking industry in particular, the ability to rapidly adapt to changing conditions and to conduct risk estimation significantly improves a company’s efficiency.
Having already removed boundaries in the field of digital banking, Yapı Kredi chose SAS’s IFRS 9 solution to help them develop new models as part of the process of transitioning to IFRS 9 and to measure the performance of their present models. Thanks to the innovative and flexible models used in the project, the ability to integrate reporting infrastructures with simulated environments, adaptation of reports to changing conditions within the shortest time possible, and the analysis of the impacts on a report basis were maximized.
At the end of the project we carried out with SAS; 9 independent simulation flows started to be taken over the SAS IFRS9 platform with a user-friendly interface by the business units. In this way, 83 percent of the effort requested from the IT department for simulation was saved in one year.Mahir Güneş İnce Credit Risk Planning, Modeling and Reporting Director Yapı Kredi
Handing the reins to all relevant business units
The project has allowed all detailed calculations to be monitored not only by the IT department, but also all related business units in a quick and controlled manner. In the enriched simulation environment, it was possible to test different scenarios with the desired detail and speed within the scope of IFRS 9, and to prepare reports automatically in a centralized manner. With SAS’s IFRS 9 solution offered end-to-end to expert teams to develop new models and measure the performance of present models, significant reductions in IT workloads and flexibility in timing were achieved. In addition, the project enabled the company to evaluate the process as a whole. It now has the capacity to observe the effect of the new models on the official reports and managerial reports automatically generated by the system on a report and transactional basis.
Dynamic solutions for companies’ analytical journeys
“We consider the fact that systems are only built to meet short-term needs as the biggest factor that hinders adaptation to changing conditions and define it as the greatest obstacle to innovation,” İnce went on to say. “Coming up with innovative ideas is possible through experience and observation, as is the case with all positive sciences. I recommend that companies build their systems on designs that are user-friendly and that inspire end-users to provide an environment suitable for nurturing innovative ideas.”
Yapı Kredi Facts & Figures
1944
founded
835
number of branches covering all regions of Turkey
16.000
number of employees
Bu makalede gösterilen sonuçlar, burada açıklanan belirli durumlara, iş modellerine, veri girdilerine ve hesaplama ortamlarına özeldir. Ticari ve teknik değişkenlere bağlı olarak, her bir SAS müşterisinin deneyimi kendine özgüdür ve hiçbir açıklama tipik olarak düşünülmemelidir. Gerçekleşen tasarruflar, sonuçlar ve performans özellikleri, bireysel müşteri konfigürasyonlarına ve koşullara göre değişiklik gösterecektir. SAS, her müşterinin benzer sonuçlara ulaşacağını garanti etmemekte veya bu konuda bir taahhütte bulunmamaktadır. SAS ürün ve hizmetlerine yönelik tek garanti, söz konusu ürün ve hizmetlere dair yazılı anlaşmada belirtilen açık garanti beyanlarında ifade edilen garantilerdir. Bu belgedeki hiçbir ifade, ek bir garanti teşkil ettiği yönünde yorumlanmayacaktır. Müşteriler, üzerinde anlaşılmış bir sözleşmeden doğan bir alış verişin bir parçası olarak ya da SAS yazılımının başarılı bir şekilde uygulanmasının ardından sunulan proje başarı özetinde, başarılarını SAS ile paylaşmışlardır. Marka ve ürün adları, söz konusu şirketlerin ticari markalarıdır.