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There
are a lot of questions STB are frequently asked. Let us try to answer
some of them here!
Much
of this will also help you understand why STB is the great company
it is today.
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Q:
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Why STB?
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A:
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With the fastest growing market share wherever
we go, and with a number of replacements of competitors systems
under our belt, and with a total focus on regulatory and compliance,
you cannot go wrong. There is more to this answer, of course,
but no space here.
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Q:
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How long have STB been
in business
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A:
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STB has been in business a long time, since 1984.
STB started in the regulatory market in the early nineties,
and here many years later STB are market leaders, and continue
to show impressive growth. For STB, regulatory and compliance
reporting is a strategic business line, it is why we are here.
For other vendors, their regulatory business may rarely be
noticeable on their business plan and as a client you should
query their intention to still be in the regulatory and compliance
business in years to come.
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Q:
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How extensible is an STB
installation?
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A:
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Very! One of the major competitive differences
between STB and other applications is that any initial installation
can always be extended to include management reporting, more
or different regulatory outputs, anti-money laundering, credit
risk, exception reporting, head office outputs, reconciliation
reports and so on.
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Q:
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What do you mean by Key
Business Indicators, and Continuous Business Audit?
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A:
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This is the difference between management information,
and management decision support. Information is hardly in
short supply, whereas STB delivers decision support. By using
STB's data management and management reporting tools, you
are able to obtain key indicators about your business such
as performance relative to target or relative to last month,
or to highlight abnormal trading patterns or unexpected trends.
Continuous audit is achieved by using STB's tools to perform
permanent automated data reconciliation between sources systems
and targets, or between transaction processing systems and
data warehouses, or between totalised reports and underlying
sub reports. This approach means that you don't end up (as
you would in the traditional cyclical audit) trying to unravel
inaccurate data, or to recast management information that
turned out to be wrong.
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Q:
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But what really makes STB
different?
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A:
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Ease of interfacing to multiple different source
systems has always been one of the major aspects of STB's
difference, although there are many others.
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Q:
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What do you really mean
by ease of interfacing?
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A:
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Client data may be presented to STB in any format
that is convenient for the client. Any number of database
tables, or any number of text files, fixed length or not,
with or without fixed record types, with fields in any order,
containing any codes, or combination of codes. Whatever you
have we can most probably read, which means that you get an
easy project, and an easily understood and maintained installation,
as it uses your data and presents audit trails and drill-downs
in your codes.
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Q:
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Who are your clients?
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A:
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There are hundreds across continents to choose
from. If you are seeking a specific reference site, please
let us know as there will be a happy
customer close to you.
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Q:
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How much is it?
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A:
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We'll let you know once we have been able to agree
the scope of your requirements. STB's professional consultancy-driven
approach means that we'll not just read you a price list.
STB's applications are an appropriately priced, affordable
solution from a specialist vendor, that will interface from
anything, and easily, is extendable for other reporting, covers
more bases in one project than you probably thought possible,
has a genuine answer yes to all your questions, and has been
in this business for a decade. What does price have to do
with working with STB?
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Q:
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What's special about STB's
technology?
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A:
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STB have deliberately abstracted financial processing
from our applications, with the result that STB have a unique
set of software tools
which can be combined, without writing program code, to deliver
a whole range of financial, regulatory, compliance, or head
office reporting. Crucially, this means that STB's developers
focus on producing functionality whilst our analysts produce
products. This means that STB's products are created "by our
users for your users".
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Q:
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So, lots of powerful software
features and punchy product functionality - that's it then?
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A:
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Yes, but that's not all. After installation, because
of STB's unique software design, clients are able to manage
their installation themselves, with minimal need to call STB
nor indeed internal technology staff for support.
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Q:
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What database can I run?
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A:
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STB is database independent. You are able to utilise
any one - or mixture - of industry-standard databases.
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Q:
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What are STB's plans for
the future?
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A:
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STB already is established as a leading supplier
of focussed and fit-for-the-purpose financial reporting applications.
The company is continuing to grow across regions, and across
regulatory boundaries. Our product lines are scheduled to
continue to widen to include other forms of regulatory, compliance
and financial reporting specialisation.
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Q:
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Is STB approved by regulators?
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A:
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Indeed, where the central regulatory authority
issues approvals then STB get to be on this. For example,
STB is recognised by the Bank of England as outputting reporting
data according to their required format. We sit on a number
of regulatory round table forums with regulators and naturally
keep abreast with legislative and regulatory changes.
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Q:
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Why are STB's regulatory
applications marketed on the basis of an annual licence?
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A:
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This unique approach ensures that customers always
possess up to date regulatory software, and ensures that for
a known budget all regulatory reporting changes will be included
in the service, without extra charge. No surprises.
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Q:
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Can I come and work for
STB?
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A:
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If you are the right kind of person, with the
right aptitude, a service orientation, and all those other
good qualities, we'd be happy to hear from you!.
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If you require any further information please contact
us using our Information
& Feedback form
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