 | 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.
| |
| Q: |
Why STB? | |
A: | 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. | | |
|
Q: | How
long have STB been in business | | A: |
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. | | |
| Q: |
How extensible is an STB installation? |
| A: |
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. | | |
| Q: |
What do you mean by Key Business Indicators,
and Continuous Business Audit? | | A: |
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. |
| |
| Q: |
But what really makes STB different? |
| A: |
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. |
| |
| Q: |
What do you really mean by ease of interfacing? |
| A: |
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. | | |
| Q: |
Who are your clients? |
| A: |
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. | | |
| Q: |
How much is it? |
| A: |
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? | | |
| Q: |
What's special about STB's technology? |
| A: |
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". |
| |
| Q: |
So, lots of powerful software features and
punchy product functionality - that's it then? | |
A: | 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. |
| |
| Q: |
What database can I run? |
| A: |
STB is database independent. You are able to utilise any one - or
mixture - of industry-standard databases. | | |
| Q: |
What are STB's plans for the future? |
| A: |
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. | | |
| Q: |
Is STB approved by regulators? |
| A: |
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. | | |
| Q: |
Can I come and work for STB? |
| A: |
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!. | | | If
you require any further information please contact us using our Information
& Feedback form [ back to
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