HSBC

HSBC

HSBC is one of the world's largest banks with thousands of staff and millions of customers across 114 countries.

The bank had a special entity that covered the costs of a significant project then recharged the costs of that project to other entities around the world as they began to benefit from the project. The model dealt with such complexities as volume, timing for different entities, timing for different types of costs and different accounting treatments.

In addition to the recharge model Herring Ryan was responsible for designing and building several different reporting and consolidation models using TM1 for the Insurance, Commercial Banking, and Personal Financial Services (PFS) divisions of the company as well as a metadata management tool for use across the different divisions.

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