The financial services industry includes banks, insurance companies, and investment firms.
These organizations engage in monetary transactions and create, liquidate, purchase, and sell assets such as securities, bonds and insurance.
During a time of recession, financial services clients — investors, consumers and firms — may experience losses due to delinquencies, falling asset values, and cutbacks in investments.
Even though returns may decline during economic slowdowns, lower market values also present opportunities for expansion and new investment.
"ERA’s ability to see into the suppliers’ deliberately complex pricing structures, figure out the best implementation and destruction strategy, and identify violations of their pricing agreements has truly been a godsend."