Raymond James Implements Customized Analytic Solutions with ProClarity - InformationWeek

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Government // Enterprise Architecture

Raymond James Implements Customized Analytic Solutions with ProClarity

News - August 9, 2004

ProClarity Corporation, provider of analytic application technology for the enterprise, today announced that Raymond James Financial has selected the ProClarity Analytics Platform for enterprise-wide financial analysis. Raymond James, one of the largest financial services firms in the United States, relies heavily on business analytics for investment planning and financial research. The ProClarity solution will allow approximately 5,000 financial advisors and more than 2,500 support personnel the ability to quickly access up-to-date, customized financial information.

"ProClarity has provided us with a superb analytic platform," said Jay Bentley, Raymond James assistant vice president of IT strategic development. "Using ProClarity in conjunction with our enterprise data warehouse and OLAP solution will enable our users to analyze both current and historical data in dynamic ways. Our goal is to empower our financial advisors and corporate management by providing a system that will allow them to create the analytical views they need to better understand their business and lead to well-informed, strategic decisions. The ProClarity platform is another tool our financial advisors and managers can utilize as they continue to provide the highest quality service for our clients."

The business intelligence solution is supported by the ProClarity Analytics Server, which manages user queries on centrally-stored business logic, key performance indicators (KPIs) and corporate information. The complete solution will provide users with personalized business views that will enable them to better monitor key business metrics.

"Though it's difficult to estimate an immediate return on investment, we expect great results from ProClarity," said Carole Torreano, Raymond James vice president of Information Technology. "This solution will help provide our financial advisors with the timely, reliable information that is critical in the investment and financial planning process. Purchasing ProClarity is another step in our continuing effort to provide Raymond James clients with the very best financial services."

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