Credit Lyonnais Selects AxiomSL, Inc. for Regulatory Reporting

Date: January 6, 2003
Location: New York

AxiomSL is pleased to announce that Credit Lyonnais has selected ControllerView® suite for regulatory compliance, financial reporting and data warehousing platform as its next generation regulatory and financial reporting solution for the Americas. This system selection was a result of a very thorough evaluation process that included several products from US and foreign based competitors.

ControllerView® suite will provide Credit Lyonnais’ Controllers department with complete coverage and functionality for banking and securities regulatory and financial reporting requirements including Federal Reserve Bank, Departments of Treasury, State Banking regulators, SEC, Tax authorities and head office. ControllerView® installation will be closely coordinated with several other projects including the new Oracle GL implementation and will provide a central data warehouse and reporting environment by integrating seamlessly all reference data, transaction processing and accounting systems of Credit Lyonnais.

ControllerView® integrates all data from multiple source systems into the AxiomSL Dynamic Data Warehouse® and empowers users with Visual Business Rules for financial reporting transparency and flexibility. The institution can then easily adapt to changes in regulatory, corporate and systems environment resulting from new regulations, new systems or corporate events such as mergers and acquisitions. The complete transparency of sources and aggregated data satisfies the most rigorous audit requirements ensuring confidence among users, regulators, auditors and management.

“We welcome Credit Lyonnais as a new client and look forward to rapid implementation of ControllerView® to deliver immediate benefits of an efficient and automated reporting environment,” says Alexander Tsigutkin, President and CEO of AxiomSL.