Digital Planning in Financial Services

Transcription

1 Digital Planning in Financial Services Predict and model future financial outcomes. Neil Sellers Qubix Group Director May 2018

2 # of Business Analytics Projects Customers Include: Lloyds Banking Group Nomura Securities Mizuho International Tesco Bank Schroders ICAP Debenhams Canon BT NHS England Angel Trains Perkins Engines Carpetright Experienced Consultants Average 8 years of experience Why Qubix? Proven. 15+ Years Platinum Trusted. Customer List Oracle Trainers Flexible. What s Right for You? What s right for you? Global Reach Offices: USA UK Australia India Japan - Slovenia Our depth of capability Strategy & Roadmap Train Integrate Design Our Approach Optimise Support The Qubix Journey Method With You, Not to You Outcome Driven

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5 OUTCOME-DRIVEN TRUSTED CHALLENGERS 5 WHAT S RIGHT FOR YOU Making you successful is our focus, so we make it our business to understand your priorities MAXIMISE YOUR RETURNS We have done it before, so we know how to get the results you want rapidly CUSTOMERS LOVE US We have had customers travel globally for us to talk about what we have helped them achieve ORACLE PLATINUM PARTNER 2016 Oracle Platinum partner for EPM 1 ST TO CLOUD Qubix was a the lead partner when Oracle brought to EPM to the Cloud and is leading Analytics Cloud charge INDUSTRY BENCHMARKING We have a partnership with Aberdeen Group to provide industry thought leadership and industry benchmarking FASTER TIME TO BENEFIT We don t only deliver the project, but also deliver free training to make sure adoption is successful DELIVER AS PROMISED Qubix will make sure all expectations and milestones of every engagement are completed ENGAGEMENTS We have a broad range of experienced consultants who can deliver a range of projects across Oracle EPM Cloud and Business Analytics Cloud AWARD WINNING We have been awarded many accolades in the EPM and Business Analytics space FIXED SCOPE SOLUTIONS Remove risk of escalating projects costs with our fixed scope projects which have predefined parameters and costs WE INNOVATE We employ Predictive Analytics, AI, Machine Learning and big data at our customers to provide business outcomes

6 Oracle Cloud Leaders We ve been taking a lead since the start Global Partner Specialised in Performance Management and Analytics Good, Better, Best packages copied globally To create Fixed Scope Offerings On-Premises & Cloud-to-Cloud Integration With add on Value - CloudBridge Re-imagined deployments to fit Cloud With Cloud Go-Live Wizard Industry specific pre-built solutions To Create Template Solutions 22 Cloud Customers 100% Customers Live 0% Churn

7 In a turbulent political and economic environment like today, change happens on a daily basis. What does this mean to you? Survive or Thrive Using the Digital Cloud to innovate?

8 Innovation changes everything! 8

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10 What CEOs Care About Business Agility and Entering NEW MARKETS Financial GROWTH SURVIVAL Digital Transformation of the Business

11 1 Change is the New Constant Pace of Change 88% of organizations are undergoing some type of transformation today Ability to Respond Since 2000, 52% of companies in the Fortune 500 have either gone bankrupt, been acquired or ceased to exist

12 1 Digital is Transforming How Industries Create Value MOBILE & SOCIAL BIG DATA CLOUD SERVICES THE INTERNET OF THINGS $1+ trillion in Mobile ecommerce revenue by 2018 $17+ billion in Big Data revenue by 2018 $530+ billion in Cloud Services revenue by 2020 $290+ billion in Machine-to-Machine revenue by 2018 $ HEALTH SCIENCES COMMUNICATIONS RETAIL UTILITIES FINANCIAL SERVICES ASSET INTENSIVE HOSPITALITY Personalized Medicine Machine-to- Machine Communications Commerce Anywhere on Any Device Smart Grids and Flexible Power Consumption Online Banking and Mobile Payments Flexible Capital Planning & Deployment Above Property Cloud Solutions

13 "By 2021, Enterprises' Spending on Cloud Services and Cloud-Enabling Hardware, Software, and Services Will More than Double to Over $530 Billion - IDC FutureScape: Worldwide Digital Transformation 2018 Predictions 1

14 CFOs Want to Modernize Finance Strategic Priorities for Global CFOs Improve Speed of Decision-Making Leverage High-Impact Digital Technologies Respond faster to internal and external clients Flex the business model in response to change Big Data Mobile Cloud-based systems Restructure the Finance Skill Set Data analysis Systems expertise Business partnering Source: Oracle-Accenture Research: Empowering Modern Finance: The CFO as Technology Evangelist

15 Generating Value that s Tangible from Digital Big Data Cost and ROI are major drivers for cloud and mobile Improved business agility is most associated with mobile Cloud Social Mobile Timeliness of decision making ROI Time to value Reduce costs Agility Source: Longitude Survey results for Empowering Modern Finance The CFO as Technology Evangelist, commissioned by Oracle and Accenture

16 DON T GET LEFT BEHIND Modern Finance is evolving from governance to guidance Digital EPM is the new Business Sat Nav to get you back in the driving seat and transforming your company 1

17 Every Line of Business needs Digital Planning Revenue Planning Territory & Quota Planning Compensation Planning Sales Performance Reports Campaign Planning Media Mix Planning Product Lifecycle Planning Marketing Briefs Workforce Planning Payroll Planning Position-based Budgeting HR Briefing Books SALES MARKETING HUMAN RESOURCES Demand Planning Sales & Operations Planning Product Profitability Analysis Operations Review Reports OPERATIONS Call Center Planning Resource Planning Service Revenue Planning Service Performance Reports SERVICE 17

18 Pivot to the cloud 1

19 Qubix Digital Scorecard Copyright , Qubix International Ltd. All rights reserved.

20 Integration with Oracle Analytics Cloud Prescriptive Dashboards for Consumers Self-Service Analysis for LOB Users Explore, Visualize, Share Insights Native Integration with Essbase Cloud Connect to Performance Management Cloud Relational Sources Cloud and On-Premise connectivity

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22 Prepare to Simulate - Value Strategic modelling is a powerful tool for understanding how firms adapt to a changing environment. Business modelling is used to make sense of strategic initiatives and to anticipate their impacts through simulation. Source: Strategic Modelling and Business Dynamics, J Morecroft

23 Strategic Planning Solutions Environment for users to model strategic decisions and immediately see the Financial outcome of these options. Ability to adjust the BIG LEVERS of the organisation as opposed to the smaller levers we use in Operational Planning solutions.

24 Strategic Planning and Modelling Strategic Financial Planning Solution common features: Funding / Debt / Capital Structure Modelling Merger, Acquisition & Disposal Modelling Shareholder Value Impact Analysis High Level Operational Levers Powerful What If Capability for Risk Analysis Project Selection Impact Analysis Reorganisaton / Transformation Analysis Integration with Operational Planning Integration with Scorecard Solutions Easy to Use Analytical Tools Dynamic Impact Consolidation Unlimited What If Scenario Modelling Long Term Capability Transparency of data and logic Audit Trail

25 Goal Seek This allows simulating the values in an account to meet a specific goal, or value, in another account for a given scenario.

26 Will you Dare to Predict? Predictive Planning Performance Management Predictive Analytics

27 Dare to Predict The Value Statistical-based predictions available for Planning process Understandable and usable by all Business users Takes the emotional aspect out of forecasting / budgeting Encourages establishment of forecasting best practices

28 Dare to Predict - When Generate a Plan or Forecast Seed or create a Baseline Validate for Improved accuracy and stress testing The value finance teams can deliver to a business, will transform the role of finance.

29 Dare to Predict How Functionality from Crystal Ball Predictor Forecasting Methods - ARIMA Time-series Forecasting Autoregressive Integrated Moving Average Model - Classic Time-Series Forecasting - Non-Seasonal (Single/Double Moving Average, Single/Double Exponential Smoothing) - Seasonal (Additive, Multiplicative, Holt- Winters)

30 Dare to Predict

31 Qubix Case Studies Copyright , Qubix International Ltd. All rights reserved.

32 Case Study Global Investment Bank Finance Transformation Solution covered Actual, Forecast and Budget P&L, Capex and Projects data in addition to employee level Workforce Planning and a detailed cost allocations engine. Full EPM and BI Suite implemented including Planning and Essbase for full cost and revenue planning, Profitability and Cost, Close Manager and Account Reconciliation Manager for Balance Substantiation and BI for Reporting Journey to the Oracle Cloud in Progress with Financial Close and Consolidation Cloud and Account Reconciliation Cloud going live this month. POC on PBCS, PCMCS and EPRCS. Integration with Oracle EBS financials and Projects, including trading systems for balance uploads and flash reporting Data Integration controls via Data Integration Truth Layer/Staging area framework Implemented sign-offs at the responsibility level for SOX compliance

33 Case Study Global Investment Bank Finance Transformation DRM Planning Projects DRM Data Relationship Management FDMEE Financial Data Management HPCM Profitability and Close Management OBIEE Oracle Business Intelligence E-BUS GL (Project Data) Staging Truth Layer Finance (FIN) Essbase OBIEE Dashboards GL (Financial Data) FDMEE Tables HPCM Mgmt Reporting Analysis AllocC Data integration layer to provide: - More robust process less prone to failure - Better recovery from unexpected failures without DBA intervention - Better reporting of issues encountered and more descriptive messages - Less manual process with fewer steps to perform - Scheduling responsibilities in Cronacle AllocR Copyright , Qubix International Ltd. All rights reserved.

34 Case Study Global Investment Bank Finance Transformation Key highlights of the project: 5 Key areas of redesign showing impact/resolution and value Started with UK team and rolled out the JAPAC team Involved Financial controller s, GL team, SOX team and Financial and Management reporting teams Outcome The resulting re-engineered process were adopted by the stakeholders and underpinned the technological solution. Delivered a standardised process -significant time and efficiency savings through automation of key processes, -reduced the level of key person risk Freed up resources to undertake value added activities such as scenario analysis in place of data gathering and processing.

35 Case Study Global Investment Bank Global Finance Architecture Project Features Benefits Essbase EMEA Upgrade & AEJ Roll Out Build a GFA Essbase infrastructure with Essbase 11 in Tokyo Migrate EMEA Essbase 6.5 Monthly and Daily cubes into the Essbase 11 server in Tokyo. Rolled Monthly cube to AEJ with Asia Dodge GL data automation. Introduce Class Leading reporting tools Upgraded Essbase 11 with more robust functionality and better performance. Including full Oracle Support Part of GFA architecture roadmap. Consistent ESSBASE monthly cubes in AEJ and Europe supporting the delivery of MIS Monthly Global Consolidated Cube Global Daily Essbase Cube Oracle Analytics Create one global ESSBASE cube for global monthly management reporting Ledgers data from 5 regions, globally Manual web interface for subsidiary data input and adjustment data. Leverage Essbase staging process for future transaction drillthrough functionality New Fields, BS, Risk, FR Build a Global daily cube to facilitate performing regional actual vs flash reporting and global daily reporting Near real time analytics Complete the design of Analytics and data warehousing for GFA Build the Analytics Datamart proof of concept Reduce the manual spreadsheet and operational error. Improve the business process efficiency. Single global consolidated data view for management reporting. Robust Essbase features for Japan and US users (total around 150 users) Control around data consistency Replaces US BO Environment Streamlines AEJ & TK daily process Allows disparate data stacks to be reported in a single environment with additional reporting tools. Japan Finance Cost Transparency Project using Profit & Cost Mgmt Consistent and easily understood methodology for allocations enabling business users to easily control and explain/defend the cost allocation process Ability to simulate alternative cost allocation approaches Elimination of Spreadsheet Hell Reduced Effort, Enhanced Accuracy and Improved Cycle Time Improved Visibility & Understanding of Cost Allocations

36 Case Study Global Investment Bank Global Finance Architecture

37 Case Study - Consumer Credit Reporting Agency Successful Redesign of Global Essbase and Planning with significant performance improvements and good business realisation. A solid framework to leverage going forward.

38 Case Study - Consumer Credit Reporting Agency Revenue Planning Process Revenue Planning Tool aims to 1) Automate consolidation of New/Known/Pipeline 2) Process Workflow of the sales team review and adjustment process 3) Provide transparency of forecast make-up to Sales Leadership 4) Automate the revenue forecast load into PlanRep ad Mint Sales and Revenue Pipeline forecasting

39 Case Study - Consumer Credit Reporting Agency Functional Architecture

40 Case Study Large Retail Bank Group Management Reporting Client Background A Royal Bank of Scotland has paved the way in banking since it was established. From the world s first overdraft, and the first house purchase loan by a UK bank, to the first fully-fledged internet banking service, the bank has a history of making life easier for its 30 million customers. Previous Challenges New General Ledger system due for implementation with limited reporting No Ad-hoc analysis capability Report executed directly onto GL system Poor performing reports when requesting aggregated views of GL data - GL tables designed for transactions not reporting No single source of truth for reporting tools for Actual GL data Multiple systems taking their own exports of Actual GL data for reporting at different points in the day - contradicting other reporting tools Technology Deployed Oracle Essbase Oracle Business Intelligence Enterprise Edition Oracle Analytics Cloud Service, PBCS, PCMCS Oracle Database, ODI, DRM, FDMEE Ledger Reporting and Management Information Reporting solution The bank faced a challenge of delivering clear accurate reports across the business. They could see the value of a centralised reporting environment that would drive users to explore data and report efficiently across the business. This removed the doubt some users had over the accuracy of the data and removed the need for users to use Excel as a reporting tool, often creating siloes information. The global team was also have the ability to explore anomalies in the data and drill from report to source with in the source systems to get a detailed view on issues for accurate decision making. Qubix resources implemented the solution and the main achieved objectives include: GL Data Warehouse, providing a single, consistent source of GL Actuals and Reference Data Removed the need for reports to execute directly onto the GL tables Performance & Access layer for reporting tools with performance and tool requirements taken into consideration Reference Data vs Data validations Validation and reconciliation failures can be viewed via OBIEE Reconciliations to ensure data integrity Processing 1.5m rows per day Standard reporting using OBIEE Single view of data across the Enterprise Aggregation & viewing data at different levels of various hierarchies result in timely reporting Drill-through from Balance level data to Journal level data Despite a large complex implementation, with many moving parts, this Project was developed within 10 months and went live in 2017.It has been rolled out to over 500 users globally and is used daily to deliver financial reporting and insight across the business.

41 Digital Planning Improves Plan and Forecast Accuracy Allows adaption to change in uncertain times Prompts Questions and Analysis using Analytics Pathway to Best Practice AI for Growth Aligns Strategy with Operational/HR Plans

42 Qubix Digital Turns Data Streams into Revenue Streams

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