60% Cost Reduction For A Leading Bank With Ascendion’s Reporting Modernization Solution

A global enterprise relied heavily on Oracle Financial Analytics (OBIEE), with more than 750 reports forming the backbone of its financial reporting. However, this legacy system was not only costly due to licensing but also complex, as it combined data extract with Excel-based processes for operational reporting. The client wanted to eliminate this dependency and the associated costs.

At the same time, a critical challenge was user adoption. Migrating to Power BI meant introducing a new reporting culture, ensuring teams could shift seamlessly while maintaining the accuracy, performance, and trust needed for financial insights. The organization sought a solution that would cut costs, simplify reporting, and empower users.