November 17, 2014 – Radix Bay, a world-class business IT consulting and solutions provider, announced today it is developing a financial data repository for a leading multinational financial institution.

Radix Bay consultants will work with the client to implement the Oracle Financial Accounting Hub and R12 General Ledger and integrate it to the existing 11i instance. The solution will provide the client with improved data integrity, accurate instrument level capital allocations and a single source for all regulatory reporting with traceability. It will also enable data owners to effectively manage the adjustment process.

“We are pleased to be a part of this important project to develop the client’s financial data repository,” said Greg Lovette, CEO of Radix Bay.  “Our expertise in both Oracle applications and financial reporting enables us to assist the client in their complex accounting and regulatory requirements.”

As an Oracle Gold Partner, Radix Bay consultants have deep expertise in Oracle solution design and implementation. The project team will provide planning, analysis, design, documentation, testing and support throughout the project lifecycle.

The solution being developed by Radix Bay will allow for the ability to join multiple systems of record with one common key to create an overall view of exposure. It will also provide the ability to report across multiple dimensions in an automated manner.