Using Alteryx automation software to boost the efficiency of creating the net interest income note for company X’s annual report
Durant, William (2024)
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-202403154488
https://urn.fi/URN:NBN:fi:amk-202403154488
Tiivistelmä
This project based Bachelor’s thesis delves into the utilisation of Alteryx automation software to accelerate the process of creating the Net Interest Income note for the annual financial statement at company X. This initiative was motivated by the observation that the existing manual process for creating the Net Interest Income note is time consuming and resource intensive.
This study was carried out in three major phases, the theoretical research phase, the empirical phase, and the examination of the current process. The theoretical segment lays the conceptual groundwork for the empirical phase, which involves the author developing the automation workflow. Concurrently, the analysis of the current method provides a foundation for conducting a comparative evaluation between the existing manual process and the automated approach.
The project concluded with the successful development of an Alteryx workflow capable of generating the Net Interest Income note, further validated by a proof of concept from a colleague. The workflow effectively automated the manual process, reducing the time required to complete the process.
The creation of this tool, in conjunction with the theoretical research, equips the commissioning organization with a streamlined approach, significantly reducing time and resource consumption during the demanding annual reporting cycle. Moreover, this study extends its value beyond the commissioning organization, providing both internal stakeholders and external entities with a tangible depiction and thorough assessment of the advantages of automating their operational workflows.
This study was carried out in three major phases, the theoretical research phase, the empirical phase, and the examination of the current process. The theoretical segment lays the conceptual groundwork for the empirical phase, which involves the author developing the automation workflow. Concurrently, the analysis of the current method provides a foundation for conducting a comparative evaluation between the existing manual process and the automated approach.
The project concluded with the successful development of an Alteryx workflow capable of generating the Net Interest Income note, further validated by a proof of concept from a colleague. The workflow effectively automated the manual process, reducing the time required to complete the process.
The creation of this tool, in conjunction with the theoretical research, equips the commissioning organization with a streamlined approach, significantly reducing time and resource consumption during the demanding annual reporting cycle. Moreover, this study extends its value beyond the commissioning organization, providing both internal stakeholders and external entities with a tangible depiction and thorough assessment of the advantages of automating their operational workflows.