The Predictive Imperative - Plan and Forecast Your Business
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The Predictive Imperative - Plan and Forecast Your Business presentation from IT Financial Forum 2015
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The Predictive Imperative - Plan and Forecast Your Business
- 1. Copyright © 2015, Scale Focus AD, www.scalefocus.com The Predictive Imperative: Plan and Forecast Your Business Lyubomira Mihaylova lyubomira@scalefocus.com Krum Daskalov krum.daskalov@scalefocus.com 23 April 2015
- 2. 2 www.scalefocus.com CxOs’ Feedback on Market Demand Budgeting and Planning Customer Intelligence Customer risk and profitability Customer Engagement FUTUREPRESENT DIGITALIZATION
- 3. 3 www.scalefocus.com ScaleFocus: IBM Partnership • Risk Analytics • IBM Cognos • IBM SPSS Statistics • IBM SPSS Enterprise • IBM InfoSphere • IM Data Management • IBM Big Data & Netezza • WebSphere Core • WebSphere Business Process Management • WebSphere Commerce • Rational Authorized Authorized for various groups
- 4. 4 www.scalefocus.com ScaleFocus TODAY › 50+ customers in 14 countries › 200+ people team of outstanding professionals › 3 office locations: Sofia, London, Plovdiv Technology Partners:
- 5. 5 www.scalefocus.com Customers and Processes ISO 9001 Quality Management ISO 20000-1 Managed Services ISO 27001 Information Security
- 6. 6 www.scalefocus.com IBM Cognos Express IBM Cognos Express enables leaders to strike the balance and answer critical business decisions The ONLY Reporting, Analysis and Planning solution, purpose built for workgroups and midsize organizations.
- 7. 7 www.scalefocus.com IBM Cognos Express • Provide access to all data sources to meet the needs of various users • Deliver self-service visualization and reporting for faster decision making • Enable decision making on mobile devices regardless of location Business Intelligence should … REPORTING DASHBOARDS AD HOC QUERY MICROSOFT INTEGRATION MOBILE BI SELF-SERVICE BI INTERACTIVE VISUALIZATION PREDICTIVE MODELING SCORECARDS COLLABORATION WHAT-IF SCENARIO MODELING Performance Management should … • Drive business growth with accurate plans, budgets and forecasts • Enable users to react quickly to changing conditions with scenario modeling and workflows • Reduce risk and save time with automated financial reporting PREDICTIVE ANALYTICS …extend across Business Analytics as your organization grows
- 8. 8 www.scalefocus.com Planning, Analysis, Forecasting, and Scorecarding in one platform to span finance and operations • Drive alignment and monitor execution with scorecarding integrated in plans & forecasts • Engage end-users in web, mobile and desktop experiences • Performance gains in query processing and web performance IBM Cognos TM1
- 9. 9 www.scalefocus.com IBM Cognos TM1 MeasurementPerformance DeploymentEngagement 4 themes of: INNOVATION VALUE ADVANCEMENT Enable faster insight and sharper execution through dramatic performance gains made in query processing, LAN and web performance. Join metrics, scorecards and strategy maps with the high participation planning, forecasting, and profitability analysis to drive closed-loop performance management processes. Drive performance management through every part of the organization – whether starting in finance or operations – with one easy to design, deploy, and run package on premise or via cloud. Engage the entire workforce – all roles, all levels, all jobs, all departments –with the tools and software profiles they require, eliminating delay, wasted effort, and offline-shadow systems.
- 10. 10 www.scalefocus.com IBM Risk Analytics Policy Information Asset Holdings Technical Provisions Market Data Underwriting & Reinsurance Premiums Expenses Operational Data Sources QRT Reports Decision-support Reports/Dashboards Risk Reporting Financial Statement Reporting (w/XBRL) Asset & Liability Modeling Risk Analytics Risk Aggregation & Optimization Economic Scenario Generation Economic Capital Standard Formula SCR Internal Model SCR Workflow, Audit & Governance Risk Governance Loss Events & Risk Indicators Own Risk Solvency Assessment Data Management IBM Middleware, Smarter Computing & Services Business Glossary Data Marts Extract, Transform & Load Data Quality Metadata Management Data Warehouse & Models
- 11. 11 www.scalefocus.com 4 times reduction of plans’ and reports’ generation effort Data cleansing and single-point of truth, identity management Reliable database, allowing traceability and historization EOS in BULGARIA Planning and Budgeting in Debt Management IBM Cognos Express
- 12. 12 www.scalefocus.com Motivated decisions for business development and growth Creation of multiple plans based on "what-if" analysis Approval/rejection of plans, detailed tracking of changes, notifications DSK BANK, BULGARIA Forecasting and Planning in Banking IBM Cognos TM1
- 13. 13 www.scalefocus.com Automated risk measu- rement of processes for Solvency II Compliance Aggregation and drill down tool for results’ and ‘what if’ analysis Workflow management and audit tools for governance control EUROINS, BULGARIA End-to-End Solution for Solvency II Compliance IBM Risk Analytics
- 14. 14 www.scalefocus.com We want to hear YOUR story! • Marketing analysis • Sales analysis • Relationship analysis • Risk analysis • Security analysis KPIs Definition & Measurement
- 15. 15 www.scalefocus.com PLOVDIV Phone: +359 3234 9190 Business Center “Royal City” 5 Dunav blvd. 4000 Plovdiv, Bulgaria Questions? MUNICH Phone: +49 152 36210951 Landsberger Str. 302, 80687 München, Germany SOFIA Phone: +359 2 424 6484 Capital Fort, building A, floor 2 90 Tsarigradsko shose blvd. 1750 Sofia, Bulgaria LONDON Phone: +44 20 7979 7712 1 Lyric Square W6 0NB London United Kingdom info@scalefocus.com
Hinweis der Redaktion
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- Self-service reporting and ad hoc query Simple, intuitive authoring for novice to experts Different reports to meet the needs of different users Breadth of report coverage – operational, transactional, dashboards, ad hoc Connect to data and in any combination – relational, OLAP, desktop files Flexible report delivery via web interface, PDF, Excel, email or Portal Includes on the go support on PC or iPad with Active Reports. ------------------------------- Automated planning, budgeting and forecasting Finance-managed solution (pre-built) Template-driven plan contribution Continuous planning—daily, weekly or monthly with real-time updates Automated workflows Contribute to plans over the web or from the desktop with Cognos Insight
- But before I go any further, let me introduce just a few thoughts about the latest release of Cognos TM1, available today…. Cognos TM1 10.2 further cements our leadership in performance management as the only vendor to combine planning, analysis, and forecasting Profitability modeling And metrics, scorecarding, and strategy management in one comprehensive, in-memory planning and analytic platform. Cognos TM1 10.2 helps: Drive alignment and monitor execution with scorecarding integrated in plans & forecasts Engage end-users in web, mobile and desktop experiences Performance gains in query processing and web performance (already building on “best in class” and big speed advantage we have) AND finally Cognos TM1 is now available in your data center or “on Cloud” as your needs require.
- Self-service reporting and ad hoc query Simple, intuitive authoring for novice to experts Different reports to meet the needs of different users Breadth of report coverage – operational, transactional, dashboards, ad hoc Connect to data and in any combination – relational, OLAP, desktop files Flexible report delivery via web interface, PDF, Excel, email or Portal Includes on the go support on PC or iPad with Active Reports. ------------------------------- Automated planning, budgeting and forecasting Finance-managed solution (pre-built) Template-driven plan contribution Continuous planning—daily, weekly or monthly with real-time updates Automated workflows Contribute to plans over the web or from the desktop with Cognos Insight
- Due to the dynamic nature of EOS’ business and the need for strict budgeting and forecasting of revenues/expenses and other financial indicators, EOS monitors its financial situation and stability on a weekly basis. Constantly striving for innovation, EOS Bulgaria was searching for options to implement a modern and powerful planning solution. The ScaleFocus team positioned IBM Cognos Express as the ultimate choice for optimized, stable and flexible enterprise-level forecasting. After the implementation in EOS’ financial department, the following immediate and tangible results were achieved: - Over 4 times reduction in the time for reports’ and plans’ generation. - Data cleansing and single-point of truth. - Significant reduction in the probability of errors, generated during manual data entry. - Reliable database, allowing traceability and historization. - Identity and access management – different users have access only to the data they are supposed to operate with. - Creation of multiple plans based on "what-if" analysis. - Transparency, flexibility, audit of reports, budgets and more.
- A pilot implementation of IBM Cognos TM1 was delivered by Scale Focus AD to DSK Bank. The solution could facilitate the centralization and automation of the budgeting and planning processes within the bank. The pilot implementation (Proof of concept) has been accomplished successfully by ScaleFocus’ business analysts and technical consultants, working closely with bank’s IT and business users. Detailed analysis was carried out for two months: over the processes of planning and budgeting and their target templates; over the sources, semantics, and specific business logic and data quality; over the requirements for information security and access rights of the users. DSK Bank’s employees from the Planning department tested the solution in a close to a real situation (hands-on-session) – with different user levels in the planning hierarchy, with approval/rejection of plans, with detailed changes’ tracking and automatic notifications and control of data access and templates, according to employees’ responsibilities. There were implemented processes such as: planning based on data from past periods, betting on different volumes and/or interest rates and their change; correction of data from different users and their automatic reflection in the overall statement of the bank; work with different plan versions and what-if analysis, and more.
- Taking a process-based approach to risk is the easiest way to be Solvency II compliant for managing market, credit, liquidity, insurance and operational risks.