DecisionPro Presentation

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DecisionPro Presentation

  1. 1. IMPLEMENTING A decision support SYSTEM INTO FINANCE Make better decisions and communicate your ideas with impact!
  2. 2. WHAT IS A decision support SYSTEM? <ul><li>A Decision Support System is a computer system at the management level of an organization that combines data, analytical tools and models to support semi-structured and unstructured decision making. </li></ul>
  3. 3. What is DecisionPro? <ul><li>DecisionPro is a software application that helps management make the best possible business decisions by applying proven management techniques such as: </li></ul><ul><ul><li>Decision Tree analysis </li></ul></ul><ul><ul><li>Linear Programming </li></ul></ul><ul><ul><li>Monte Carlo simulation </li></ul></ul><ul><ul><li>Advanced forcasting methods </li></ul></ul><ul><li>COST: DecisionPro 4.0 Professional = $795 US </li></ul>
  4. 4. SYSTEM REQUIREMENTS <ul><li>To use DecisionPro you need: </li></ul><ul><li>Personal computer with a 386 or higher microprocessor </li></ul><ul><li>Microsoft ® Windows ® 95, 98, NT 4.0, 2000, Me, XP or later operating system </li></ul><ul><li>32 MB of memory </li></ul><ul><li>Hard disk with at least 10 MB of free space </li></ul><ul><li>CD-ROM drive </li></ul><ul><li>VGA or higher-resolution video adapter </li></ul><ul><li>Any mouse supported by Windows </li></ul>
  5. 5. ADVANTAGES OF IMPLEMENTING A decision support SYSTEM <ul><li>Increase revenue </li></ul><ul><li>Make better decisions </li></ul><ul><li>Increased consistency and standardization </li></ul><ul><li>Keep pace with competitors </li></ul><ul><li>Share and reuse information </li></ul><ul><li>Communicate ideas </li></ul><ul><li>Apply powerful methods </li></ul><ul><li>(e.g.: decision trees, Monte Carlos </li></ul><ul><li>simulation, forecasting, optimization) </li></ul><ul><li>Basic system requirements </li></ul>
  6. 6. Disadvantages of implementing a decision support system? <ul><li>Potential system downtime </li></ul><ul><li>Initial employee training costs </li></ul><ul><li>System updating costs </li></ul><ul><li>Maintenance </li></ul><ul><li>Employee “buy-in” </li></ul>
  7. 7. Functions of DecisionPro in Finance <ul><li>Financial forecasting </li></ul><ul><li>Company/project </li></ul><ul><li>valuation </li></ul><ul><li>Financial risk </li></ul><ul><li>management </li></ul><ul><li>Investment analysis </li></ul><ul><li>Securities pricing and </li></ul><ul><li>modeling </li></ul>
  8. 8. Leverage <ul><li>With the addition of DecisionPro to 240co., we believe that we can increase efficiency within the Finance FAG through: </li></ul><ul><li>Cutting labour hours and costs. </li></ul><ul><li>Standardizing decision making. </li></ul>
  9. 9. Final Recommendation <ul><li>After considering the advantages and disadvantages of DecisionPro, the Finance Functional Area Group has decided to recommend the implementation of this system into 240co. </li></ul>

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