Faced with a demanding regulatory environment and increasingly rapid economic changes, the Banca di Asti Group embarked on a transformation of its financial and strategic planning processes. To support this initiative, the Italian banking institution chose the Board platform to centralize and integrate its planning activities within a single environment.
A constantly evolving banking environment
Over the past fifteen years, the Banca di Asti Group has experienced sustained growth. In 2024, the institution managed more than €30 billion in assets, served more than 540,000 customers and exceeded €25 billion in gross banking income.
This expansion was accompanied by increasingly complex management and performance management processes. Between regulatory requirements, the growing volume of data to be analyzed and the need to produce reliable forward-looking scenarios, its legacy tools were reaching their limits.
Until 2021, a large part of the planning activities relied on spreadsheets. While these tools offered a degree of flexibility, they made process governance, change tracking and the consolidation of information across the group more difficult.
Building truly integrated planning
To address these challenges, Banca di Asti launched a project to bring forecasting, budgeting and strategic planning processes together on a single platform.
The bank selected the Board solution to implement an integrated architecture based on a dedicated data warehouse and a single performance management foundation.
With this approach, teams now have a shared environment for preparing budgets, forecasts and strategic plans, while relying on the same calculation rules, the same data and the same interfaces.
The project was carried out over approximately eighteen months, including the design, development, testing and change management phases.
Improved governance and enhanced data quality
The implementation of Board enabled the banking group to significantly improve the governance of its planning processes. Responsibilities, approvals and interactions between the various functions are now better structured and easier to track.
Data quality is also one of the project’s main benefits. The standardization work carried out has made it possible to obtain more consistent and reliable information, thereby facilitating analysis and accelerating decision-making.
The platform also provides greater capacity to manage large volumes of data and quickly simulate economic or regulatory scenarios. This agility enables the bank to adapt its plans more effectively to market developments.
Artificial intelligence at the heart of the next steps
After consolidating its planning and management control processes, Banca di Asti intends to continue its transformation by making greater use of the platform’s artificial intelligence capabilities.
In particular, the institution is considering using these features to refine the definition of its branches’ business objectives, improve operational performance and more quickly identify the corrective actions required when certain indicators deviate from the targets set.
This next step reflects the group’s determination to further strengthen its ability to anticipate and make decisions in a constantly changing banking sector.
source: Board
