Nationwide Financial Chooses Information Builders
Nationwide Financial Services (NFS) has selected Information Builders' (New York) WebFOCUS business intelligence platform as a to help the company standardize reporting. WebFOCUS will provide a single alternative to the multiple, disparate reporting tools and databases that currently drive reporting at Nationwide Financial, the life insurance, annuities and other financial product arm of the Nationwide Mutual (Columbus, Ohio).
The complexity of NFS's existing reporting infrastructure resulted in a time-intensive process for users seeking needed information from various applications, according to a joint NSF/Information Builders source. WebFOCUS will enable NSF to centralize its reporting infrastructure while maintaining a federated reporting model that will give approximately 1,000 business users, operaions managers and wholesaler users access to real-time information and customized reports, the source asserts. Later implementation iterations will give tailored access to NSF's end-customers.
"We wanted to present information, such as yesterday's sales results, in a timely manner to our business users so they could analyze it and respond accordingly. That was our motivation to consolidate our operational reporting," said P. Bhasker, CTO of Nationwide Financial. "WebFOCUS will not only help us manage costs through its strategic platform, but it also represents a very good model from an ROI perspective."
Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio