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Hitachi has the range and depth of resources to develop outstanding business reporting solutions for government and industry. We also work with a host of partners, ranging from system integrators to accounting firms, who have extensive experience in the business information field. Combining our superior XBRL products with their expertise, we can design and deploy customized solutions that meet your most demanding business reporting needs.
Our XBRL solutions can address one aspect or every step of the business reporting cycle. Below are some examples of the solutions we offer and the user benefits they deliver, followed by the overall technology advantages our solutions provide. Please contact us to discuss your specific needs and requirements.
Financial Information Benchmarking Solution
The Financial Information Benchmarking Solution is a data collection, analysis, and reporting system for comparing the financial performance of companies and other business entities over time.
The Financial Information Benchmarking Solution provides:
- No re-keying to analyze financial highlights and ratios
- Easy analysis of financial statements, notes, highlights, and key ratios
- Quick comparisons with graphing and drill-down viewing
- Automated alert notification for financial facts with distinctive value
- Groupware functions for benchmarking financial statements
Risk Profiling Solution
The Risk Profiling Solution offers credit managers, loan managers, fund managers, financial analysts, equity analysts, and other financial professionals a systematic approach to analyzing credit risk. It assimilates key financial information for credit risk assessment, including basic company financial data and the ratings of credit agencies.
The Risk Profiling Solution provides:
- Realistic and customizable screens of practical interest to credit analysts, including:
- Measures of solvency, liquidity, and leverage
- Balance sheet data
- Income statement data
- Key ratios (e.g., EBIT and EDITDA interest coverage) - Operating performance measures (e.g., net profit margin, return on equity)
- Key ratios that can be adjusted based on
- Cyclical effects
- Weighting functions for current to prior-year performance
- Broad industry trends in the same industry group
- Easy comparisons of the financial and operating performance of the company to that of its industry
- Industry benchmarking based on rating agency data and user-defined internal risk ratings, such as satisfying regulatory requirements like those of Basel II
- The ability to define a peer group of companies or any other subset within the same industry for analysis
Covenant Monitoring Solution
A covenant is a pledge by a bond issuer to do certain things and avoid doing others. Covenants are often requirements that the issuer maintain certain ratios, like debt-to-equity, at specific levels. Hitachi's Covenant Monitoring Solution allows the integration of relevant data for covenant monitoring, as well as the creation of custom monitoring metrics.
By automating this traditionally manual process, the Covenant Monitoring Solution provides:
- Dramatic reductions in personnel costs. The staff required to enter data is sharply cut, as most data is provided in a standard, machine-readable format
- Elimination of data errors due to re-keying. Data is automatically transferred from clients’ submissions into the bank’s loan systems
- Faster turnaround of loan applications due to the reduced requirements for manual keying of clients’ financial information
- Better monitoring of loan portfolios by loan officers, who can set parameters for their clients on a portfolio or individual basis and be automatically notified of non-compliance or of negative trends toward non-compliance
- More time for loan officers to analyze data as they are spending less time on re-keying, validating, and organizing it
- More time for loan officers to manage relationships and market additional services to clients
The Technology Benefits of Hitachi Solutions
The solutions described above offer significant technology advantages that benefit the organization:
- Thin client architecture which, by centralizing processing on the server side, greatly reduces operational and IT administration costs
- Web Services protocol that allows both the server to push data and the client to pull data
- Centralized or distributed storage for intranet or Internet deployment
- Data translation capability to and from XBRL for data collection and viewing
- Data validation capability according to XBRL specifications
- Advanced rule-based validation capability derived from operational business rules
- Multiple platform support, including SAP, Oracle, and Excel
- Multiple data format support, such as CSV and XML
- API's to customize end-user systems as variations from the currently depicted solution
