Finastra Analyst Interview Questions and Answers

Accounts payable is the amount owed by a company to its suppliers for goods or services received.

• Accounts payable is a liability account that tracks the amount a company owes to its suppliers.

• The universal purpose of accounts payable is to keep track of the money owed to suppliers and ensure timely payment.

• Examples of accounts payable include invoices for raw materials, utilities, and services like legal or accounting.

• ...read more

GR/IR reconciliation is the process of matching goods received with invoices received and resolving any discrepancies.

• GR stands for Goods Received and IR stands for Invoice Received

• The reconciliation process involves comparing the quantity and price of goods received with the corresponding invoice

• Any discrepancies are identified and resolved through communication with the vendor or supplier

• The ultimate goal is to ensur...read more

Key documents in SDLC include BRD, FRD, SRS, test cases, user manuals, and project plan.

• Business Requirements Document (BRD) outlines the business problem and proposed solution

• Functional Requirements Document (FRD) details the functional specifications of the system

• Software Requirements Specification (SRS) defines the software requirements for the project

• Test cases document outlines the test scenarios and expected resu...read more

To create a go-to-market strategy for an app in Dubai, analyze the local market, competition, cultural differences, and adjust marketing tactics accordingly.

• Conduct market research in Dubai to understand the target audience, competition, and market trends.

• Adapt the app to cater to the preferences and needs of the Dubai market.

• Localize the app content, language, and features to resonate with the Dubai audience.

• Identify ...read more

I would suggest using a user-friendly design, implementing SEO strategies, and utilizing social media for marketing.

• Focus on user-friendly design to enhance user experience

• Implement SEO strategies to improve search engine visibility

• Utilize social media for marketing and promotion

• Consider implementing an online store for direct sales

• Collect customer data for targeted marketing campaigns

I approach product discovery by conducting market research, gathering user feedback, analyzing data, and collaborating with cross-functional teams.

• Conduct market research to understand industry trends and competitors

• Gather user feedback through surveys, interviews, and usability testing

• Analyze data from user interactions, A/B testing, and product metrics

• Collaborate with cross-functional teams including designers, devel...read more

Key aspects of product discovery involve understanding user needs, market research, prototyping, and testing.

• Conduct user research to understand the needs and preferences of social media app users.

• Analyze market trends and competitor offerings to identify gaps and opportunities.

• Create prototypes to visualize the app's features and gather feedback from stakeholders.

• Test the prototypes with target users to validate assum...read more

I address team conflicts by promoting open communication, active listening, and facilitating constructive discussions.

• Encourage open communication among team members to address conflicts early on

• Practice active listening to understand all perspectives and concerns

• Facilitate constructive discussions to find mutually beneficial solutions

• Implement team-building activities to improve relationships and prevent conflicts

• Seek...read more

There are 7 members in my team.

• Our team consists of 3 business analysts, 2 data analysts, and 2 project managers.

• Each member has a specific role and responsibilities within the team.

• We work collaboratively to analyze business requirements and provide data-driven insights.

Yes, I am willing to relocate to Hyderabad for the right opportunity.

• I am open to relocating for the right job opportunity

• I have researched about Hyderabad and am comfortable with the idea of living there

• I am excited about the prospect of working in a new city