Realizing the potential of the Internet-of-Things for banks, insurance companies and auditors

Immediate access to raw data of companies enables new ways of value creation for banks, insurers and auditors. The audit-proof Digital Finance Twin maps corporate data in real-time and allows to assess the state of a corporate client in real time.

Whether dynamic credit scoring, use-based financing and insurance, or dynamic depreciation – raw data analytics is the key to new business models.

Dynamic credit ratings and pay-per-use models

Banks begin to realize IIoT potential with dedicated financing products. This requires access to robust cash flow indicators, particularly in the SME segment. Connected systems (aka IIoT) allow real-time access to cash flow indicators.

How do we enable scalable models in banking, investment & asset management using IIoT?

Digital Twins of business- and production- processes are enablers for data-driven banking services.

But where is the data?

In practice: incompatible interfaces, hardly comparable data, siloed systems

We offer: instant access to any data point,
for anybody, anytime

Our offering: Digital Twins for business- and production-processes

To have banks benefit from…

  • Real-time transparency on secured assets
  • Immediate, future-looking cash flow indicators for financing digitization projects
  • New financing offerings to clients

… while companies benefit from

  • Reduced financing cost (CFO)
  • Very low investment (CFO)
  • No interference with productive systems (COO)

Risik transparency and use-based insurance

Interruption of operation is repeatedly ranked as # 1 business risk in Europe. Connected systems (aka IIoT) allow real-time risk indicator access. Insurers strive to transform from managing risk of loss, to managing risk prevention.

How do we enable scalable models in insurance using IIoT?

Digital Twins of business- and production- processes are enablers for data-driven banking services.

But where is the data?

In practice: incompatible interfaces, hardly comparable data, siloed systems

We offer: instant access to any data point,
for anybody, anytime

Our offering: Digital Twins for business- and production-processes

To have insurances benefit from…

  • Real-time transparency on insured asset
  • Underwriting risk reduction
  • New service offerings to clients

… while companies benefit from

  • Very low investment
  • No interference with productive systems
  • Transparency about risks and risk reduction potential

Dynamic depreciation and automated financial audit

Financial audit is still a hardly digilalized and often inefficient process. The cost for companies are significant, while the margins of auditors face constantly increasing pressure.

Our technology enables the next steps in financial audit: with bottom-up digitalization and multi-stakeholder enabling.

How do we enable dynamic depreciation and massive simplification in financial reporting?

Digital Twins of business and production processes are the virtual representation of companies. Through seamless delivery of relevant data, CFOs can dynamically depreciate assets according to real use-based aging, and financial audit can get digital and automated step by step.

Whether on premise or in the cloud, whether in centralized ERPs or distributed over multiple systems: our data logistics delivers data right where required.

Our offer: Digital Audit Twins for efficient financial audit

To have auditors benefit from…

  • Transparency on autit relevant assets and processes in real time
  • 1-day onboarding of the audit term
  • Automation of recurrent audit processes

… while companies benefit from:

  • Massive cost reduction for financial audit
  • Dynamic depreciation and CAPEX -> OPEX transformation levers hidden reserves
  • Anytime ready to report to any stakeholder

Training CFO 4.0

  • How to transform my Finance Function?
  • Dos and dont’s
  • Best practice examples
  • Hosted by the leading Swiss professional training firm Digicomp Academy

How can we advance your business?

Whether strategy consulting in digital transformation, data governance or artificial intelligence – contact us for an informal first impression.

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