Standardised & Flexible

The strength of a standard application is its ability to retain its core capabilities in terms of robust data model and behavior while allowing for maximum flexibility to tailor all aspects of the solution's look-and-feel, data fields, workflow and reporting. The Avanon System delivers on all of these aspects.

 

Building a standard application contrasts with assembling a 'component solution', which leverages the best-of-breed infrastructure. Strategically speaking, the Avanon System presents a 'make' vs 'buy' option, and positioned towards clients who see value in mature, proven packages, rather than opting to develop a one-time, in-house solution and carry the significant cost of ongoing development.

 

In terms of flexibility, The Avanon System provides maximum latitude for clients to configure the solution to meet their requirements, while retaining the shape of a standard product. By this we mean that all Avanon clients share the same source code, same data model and benefit from standard, automated upgrades, all new functionality and strong common interest to advance the product solutions.

"... client inquiry suggests that more than 60% of banks have immature risk management procedures and lack a comprehensive capability for assessing the risk associated with operational processes within the institution."

 

Gartner Research, 2009