Why?
Most of the Finance departments face similar challenges:
- Lack of trustworthy management reports
- High dependency on resources responsible for the creation of the reporting
- Co-existence of reports (on the same data) produced by different sub-departments
- Frequent use of Excel for reports and calculation
- Lot of manual intervention to produce and correct the figures rather than focusing time on analyses
- Lack of high-level dashboards
- Low flexibility to create additional reports without heavy ICT development
- …
Moreover the financial reports are most of the time not connected to other departments: sales, projects, production, human resources,… . The top management consequently takes decisions based on a set of reports with their own source systems, assumptions, calculation rules,… .
The financial information service developed by Deployments Factory reduces the information gap. It is a root cause of the mentioned challenges, and is caused by the co-existence of different systems, the high dependency on resources and the silo-thinking within Finance and with other departments. Deployments Factory ensures trustworthy and reliable information thanks to the implementation of the Data Factory solution. A Data Factory is a way of organizing data sourcing, treatment, and reporting within an organisation aiming at providing the right information to the right persons at the right time.
How?
Deployments Factory proposes services and solutions to help you gaining full control and trust of your management information and processes.
- We review the most important processes and information flows to increase consistency
- We manage the information in a centralized Data Factory by selecting key information from different systems
- Our Data Quality Framework (inspired from the Six Sigma method) ensures the consistency, transparency and auditability of the reporting with the operational systems
- The Simulation module gives the opportunity to simulate the impact of a predefined scenario (e.g. x% increase of raw material prices) on your company results
- Our Back Office organizes the production and distribution of reports in an industrial and recurrent way
- Our Front Office experts support the creation of an financial analysis framework
What?
The following cases are available for discussion:
- Information flows improvements @ ABN-AMRO – 2009
- Data Quality Framework implementation @ ABN-AMRO – 2009
- Data Factory implementation @ Jan De Nul – 2011/now
