Epm110 case study southwest securities


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Epm110 case study southwest securities

  1. 1. Southwest SecuritiesMaximizing Value Using SAP BPC
  2. 2. Agenda• Introductions• Company Background• Project Background and Details• Challenges and Opportunities• Maximizing Value• Future Plans• Questions• Contact Information
  3. 3. Introductions• Speaker - Susan Moore – Accounting manager with Southwest Securities, responsible for the company’s BPC solution in terms of implementation, training, and support for the finance community – Managed the original implementation of SAP BPC (Everest at the time) in 2004, and has helped it develop into a sophisticated solution that is now widely used outside of purely reporting
  4. 4. Introductions• Mike Sullivan
  5. 5. Company Background• Securities Industry• Revenues: $422 Million (FY 2010)• Employees: 800+• Locations: 20+ branch offices; several hundred correspondents• Operating in four business segments – Retail Brokerage, Institutional Brokerage, Clearing Firm for Securities transactions and Banking
  6. 6. Project Background• Challenges and Opportunities – Management Reporting was manual and inflexible and required several hours in MS Excel – Re-key data from several sources to MS Excel for reports – Budgeting done manually through emailing of Excel sheets and manual entry of data to financial system – Forecasting done manually at a high level – Not a lot of time for data analysis – Management received new reports once a year
  7. 7. Project Background• Benefits – Single source for data that feeds management reports – User community → all levels (Executives to Admins) – Drill through financial information at all levels – Spending more time analyzing the data and explaining variances rather then just getting the reports out – Providing more reports → key reports are done monthly instead of quarterly – Accuracy increased → “BPC is Right”
  8. 8. Project Details• Current State – 2 Application Sets (SWST & SWSBANK) – 3 Applications (Financials, Historical, Daily → SWST) – 2 Applications (Reporting and Loan → SWSBANK) – Customized Measures (AVG_QTD, AVG_YTD, Rolling_12) – Customized DTS packages (On Demand data loads) – Alternate time hierarchies – 60 concurrent users – 100 + Reports and Templates
  9. 9. Project Details• Why Column5? – Knowledge and experience in SAP BPC – Knowledge of the Financial Services Industry – Customer Value Oriented Company
  10. 10. Maximizing Value• Budgeting and Forecasting – Users input quarterly forecast numbers and annual budget numbers – Leverages multiple categories to provide projected financial information for Earnings Calls – An example report (data modified) → Projected = Actuals + Forecast + Reforecast
  11. 11. Maximizing Value• Tax Reporting – Custom reports have been created leveraging an alternate hierarchy that can show up-to- date tax numbers for both Federal and State Tax returns
  12. 12. Maximizing Value• Surveys – Custom built reports and use of calculated fields have streamlined CFO surveys and any business-related surveys
  13. 13. Maximizing Value• ePublish – Custom built monthly reports are generated using ePublish and leverages Printer schedule option to directly print reports to selected printer
  14. 14. Maximizing Value• ePublish – Report leverages MS Excel conditional formatting to highlight line items that require review and explanation (tolerances are dynamically calculated based on BPC data) • I.E. If Threshold is > 5000, then we use 5000 or we use the calculated value AND(ABS(U87)>$L$27,AND(G87="EXP",AND(F87="N",ABS(T87)>ABS($L$30))))
  15. 15. Maximizing Value• Reconciliation – Fixed Asset balances are loaded to statistical fields so a reconciliation can be done through BPC – I.E. Account 160100 reconciles to FA_160100
  16. 16. Maximizing Value• Loan Reporting – Produce a “trial balance” of Loan activity that allows for tracking of status, maturity, and loan to value
  17. 17. Maximizing Value• Quarterly Board Reporting – Specially pre-formatted templates that allow for instant creation of board reports
  18. 18. Maximizing Value• Dimension Automation – Column5 dimension automation leveraged to dynamically build Loan Number and Customer dimensions within the Loan Reporting Application
  19. 19. Future Plans• Executive Dashboards• Automate dimension (metadata) build for SWS appset• Column5 Integrated Detail
  20. 20. Questions?
  21. 21. Contact Information• Mike Sullivan msullivan@column5.com