The Problem –Incomplete Tax Data Updates
Computing profit and loss from capital activities and the resulting tax implications is a critical application to any financial institution. As this information is extremely dynamic (it is common for over 90 percent of this information to be revised daily), updates are required on a nightly basis to present the freshest data for the next day’s business. In addition, most nightly batch processes for updating tax data are required for other business systems to make use of the data and present the most up-to-date tax implications to users for them to perform their jobs. If nightly batch processes cannot complete due to the long I/O wait times when updating and accessing fresh data, then users are not able to access the most current or accurate tax information, opening up a number of liability issues for the organization. I/O bottlenecks caused by data latency can put a stop to a number of operational business processes such as tax liability analysis that are dependent on current data to proceed.
The Solution - Kaminario K2 Fast Data Access
Financial institutions need a high performance storage solution to provide the quick and accurate data processing required to calculate tax liability. Kaminario K2 all Flash SSD Array provide extreme performance improvements to tax applications and batch processing operations because of its ability to reduce disk latency and random disk I/O waits, deliver more IOPS, and consistently perform under heavy loads. The Kaminario K2 enables the most up-to-date data to be available to tax applications sooner, so that the other business processes can function more efficiently and users can have access to most recent tax information to perform their jobs. The Kaminario K2 also has no single point of failure and supports high availability, enabling data access to continue no matter what providing continuous access to risk analysis and data.
"Our private-banking and monetary divisions' application processes were extremely I/O-intensive, and we needed to accelerate them in order to improve the service to our business and customers. The Kaminario K2 appliance provided us with a fast and easy-to-deploy solution to optimize our applications, saving us valuable time and money while helping us to improve services to our customers."
- Itzhak Malach, senior executive vice president, head of operations, Information Systems and Administration at Leumi
Put the data of your most demanding tax analysis application or database on Kaminario K2 all solid-state SAN storage for greater performance, all with less than a day of implementation.