It strategy cfc company -hungtq v1.0


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It strategy cfc company -hungtq v1.0

  1. 1. Tên chương trình CFC IT Strategy Presenter: Ta Quang Hung Email: Mobile: 090.4223.987
  2. 2. Agenda <ul><li>Introduction: CFC Company </li></ul><ul><li>CFC IT Strategy </li></ul><ul><li>Q & A </li></ul>
  3. 3. Introduction: CFC Company <ul><li>Company Information </li></ul><ul><li>CFC Business Strategy </li></ul><ul><li>CFC MIS Situation </li></ul>
  4. 4. CFC Company <ul><li>The Cement Finance Company (CFC) : </li></ul><ul><ul><li>founded in 2008 to mobilize funds in the money and capital markets; invests and trades in money markets, bonds and securities; and provides various sources of funds along with forex and financial advisory services. </li></ul></ul><ul><li>Owners (65%) : Vicem Corp, Vnsteel -Building materials, VietCombank – Bank. </li></ul><ul><li>Strategic Shareholder : International Transportation and Trading Joint Stock Company (ITC) </li></ul>
  5. 5. CFC Business Strategy - 2010 <ul><li>Assess Business Plan : Balanced Scorecard System. </li></ul><ul><li>On plan : establishing Key Operational Risk Indicators in the ALCO (Asset-Liability Management Committee) </li></ul>
  6. 6. CFC MIS Situation – AS IS
  7. 7. Questions: a way ahead Business Objectives Strategy How to have real time data and having lot of views (branches, associate companies, business lines, customers…) ? How to reduce management expenses and provide highly professional and efficiency works that fully meets clients’ requirements ? How to manage and having right decisions when company grow rapidly with many branches, customers and many associated companies?
  8. 8. CFC IT Strategy <ul><li>Relationship: IT Strategy & Business Strategy </li></ul><ul><li>Propose CFC IT Strategy </li></ul><ul><li>To Do List & Resources </li></ul><ul><li>Challenges & Solutions </li></ul><ul><li>Comparison with other Competitors – IT View </li></ul>
  9. 9. IT Strategy & Business Strategy
  10. 10. Propose CFC IT Strategy CFC branch HCM CFC branch Da Nang CFC branch …… Associated Company - Med-Aid Công Minh (MCM) …… CFC Headoffice Associated company …. Customers Owners, Other Stakeholders Oracle - Finance CoreBanking CRM HRM BI System E – office, Mail iFinance CIC, State Banks
  11. 11. Propose CFC IT Strategy BI System Core-Banking Reports Oracle Reports iFinance Reports CRM reports HRM reports Business Process, ISO Oracle Finance Oracle BI Core-Banking CRM E- Office, email Information Systems Balance Scorecard, ALCO Indicator Groups Served CEO, Management Board, Owners, Strategy Shareholders Mid- Managers Employees, Customer, State Banks Strategic Information Analysis Information Transaction information HRM iFinance
  12. 12. Propose CFC IT Strategy - Benefit <ul><li>Support and optimize financial management operation in company, minimize manual management activities (e.g. email, phone call etc.); </li></ul><ul><li>Increase accuracy, consistency, completion, and on-time basis of financial and controlling reporting not only at branch level but also company level…; </li></ul><ul><li>Support controlling and assessment company’s operations, and building financial forecast; </li></ul><ul><li>Cash flow controlling; </li></ul><ul><li>Provide data for Balance Scorecard System and ALCO </li></ul>
  13. 13. To Do List & Resources No Tasks Resources Predecessors 1 Alignment business process IT department, Resources of other Departments, extern- Consultants. 2 Modifying Core-banking aligning with Business Strategy IT department, Suppliers and other departments, 1SS 3 Cooperating with Suppliers and other Departments to deploy Oracle Financial – Head Office IT department, Suppliers and other Departments. 1FS 4 Involving with Balance Scorecard Project on providing solutions & Tool from IT department IT departments, Suppliers and other Department, 1FS 5 Involving with ALCO Project on providing solutions & Tool from IT Department. IT department, Suppliers and other Departments. 1FS
  14. 14. To Do List & Resources No Tasks Resources Predecessors 6 Deploying Oracle Financial, Core-banking, iFinance for CFC branch IT department, supplier, other department, 3FS 7 Cooperating with Suppliers and other Departments to deploy BI system. IT department, supplier, other department, 3FS, 4FS, 5FS 8 Change Management IS Manager, CEO, Keyperson,Communication employee 1SS 9 Updating Business Process IT department, other resource of other department, outside Consultant 1SS 10 Deploy Infrastructure (Hardware, Network) IT department, supplier, other department, 1FF 11 Estimating Impacts & finding solutions IT department, supplier, other department, HR 1SS
  15. 15. Challenges & Solutions No Challenges Solutions 1 Users have less awareness on the importance of developing IT Strategy. <ul><li>Enhancing Communication </li></ul><ul><li>Top managers participate on many company media events( giving speech etc..) </li></ul><ul><li>Adjusting the current compensation and career path strategy as a method to encourage employees. </li></ul>2 Lack of knowledge, skills and resources <ul><li>Offering training courses. </li></ul><ul><li>Filling the gap by employing new efficiency employees. </li></ul>3 Incompetence and inefficiency of extern consultants <ul><li>A detail plan for the next phase is ready supplied and approved 2 weeks before the current phase ended. </li></ul><ul><li>Risks indentify and will be escalated directly to supplier's top managers </li></ul><ul><li>In the critical phases of project, the frequent meetings with supplier's top management are necessary. </li></ul>
  16. 16. Comparison with other Competitors – IT View No Criteria CFC Company PVFC Finance Group 1 Core-banking System Yes Yes (Core-banking system on implementing) 2 iFinance System Yes No 3 ERP Financial System planning to implement No plan yet 4 Human Resources Management System ? Yes 5 E-office System Yes No plan yet 6 BI System Planning to implement No plan yet 7 CRM System Not yet Not yet
  17. 17. Thank you very much for your attention!