Offering an enduring piece of financial advice, Benjamin Franklin once wrote, “An investment in knowledge pays the best interest.” This bit of wisdom still applies to companies today, but many organizations struggle to access and leverage the valuable knowledge in their business data. That knowledge can drive smart, strategic decisions, but overwhelming amounts of data can make it hard to see the forest for the trees. Intelligence and reporting tools that help analyze and visualize data can deliver the insight a company needs to make better business decisions.
TORA Trading, a leading global provider of advanced investment management technologies, recently paired its products with OpenText™ Magellan™ BI & Reporting to empower customers with more robust analytics and reporting capabilities. TORA had been manually generating reports for customers, but the reports were static and the process was cumbersome. The company wanted to provide interactive online reports that could be exported to various formats and accessed from any device.
TORA selected OpenText Magellan BI & Reporting, a scalable analytics and data visualization platform that aggregates multiple data sources and serves up real-time results in graphic visualizations, putting data at users’ fingertips. Sophisticated charts, tables, and graphical selectors allow users to illustrate and explore their data. They can modify, save, and share reports, dashboards, and data visualizations with just a few clicks.
With OpenText Magellan, TORA achieves time savings and efficiency gains internally while delivering a more agile reporting solution to its clients. Interactive visualizations that make information accessible, understandable, and easy to act on allows their clients to better assess the effectiveness of their investment strategies and lower trading costs.
“OpenText Magellan BI & Reporting offered better integration capabilities with our product. In addition, the ability to export data to other formats, such as MS Excel, was better than the other competing products. … It is more convenient for our clients to be able to access their reports from anywhere, anytime and be able to directly interact with their data.”
– Jordi Terns Vall-llovera, Senior Software Engineer, TORA Trading
For TORA, delivering an enhanced reporting solution to its customers has been a worthwhile investment in knowledge with valuable payoffs for the company and its clients.
Check out the full story here to learn how TORA Trading is enabling its clients to easily unlock business insights with OpenText Magellan BI & Reporting.
