IBM Finance Forum - Innovative solutions for Finance

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The rate of change and the volatility has increased tremendously over the past decade. Finance plays an ever increasingly important role in guiding companies through this 'new normal'. But at the same time Finance struggles to satisfy all the critical demands amidst a growing volume of data. Business Analytics plays a critical role in helping organizations anticipate and shape business outcomes. Find out about IBM's innovative solutions for Finance and learn how leading organizations can leverage technology and processes to gain a competitive advantage.

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IBM Finance Forum - Innovative solutions for Finance

  1. 1. Innovative Solutions for FinanceChristoph PapenfussGlobal Best Practices LeaderIBM Business Analytics
  2. 2. Agenda Summary World 2.0Start 1 2 3 Finish Business Analytics for the Finance Department
  3. 3. Businesses are challenged by rapid  change Supplier lead time is 62% faster than just two years agoYears to reach Radio TV Internet Facebook 50M users: 38 years 13 years 4 years 2 years
  4. 4. Some companies react $
  5. 5. Knowledge is powerful!Data is the new oil!
  6. 6. Better: Anticipate & shape outcomes
  7. 7. Easier said than done
  8. 8. 152 Mio km161 Exabytes in 2006
  9. 9. Do we use the right tools? =100*(Sheet2!B$29+[Northern Region.xls]Frcst!$B$3+[Southern Region.xls]Forecast!$B$3+[Southe rn Region.xls]-Frcst[Northern Region.xls]Sheet2!$B$3)
  10. 10. World 2.0 SummaryStart 1 2 3 Finish Business Analytics for the Finance Department
  11. 11. Better outcomesSmarter decisionsActionable insightsRelevant information
  12. 12. Analytics correlates to performance 3x 5.4x Organizations that lead in Top Performers are more analytics outperform those likely to use an analytic who are just beginning to approach over intuition* adopt analytics *within business processesSource: Analytics: The New Path to Value, a joint MIT Sloan Management Review and IBM Institute of Business Value study. Copyright © Massachusetts Institute of Technology 2010.
  13. 13. Lessons from the Leaders – rely on Analytics Source: IBM Institute for Business Value, 2010 IBM Global CFO Study (Adapted)
  14. 14. The IBM Cognos Platform
  15. 15. A day in the life of Future Chips Reporting & Analysis Planning & Forecasting  COGNOS Mobile working
  16. 16. G/LPSFT SAP CRM DW
  17. 17. Freedom to  Think
  18. 18. I  BUDGETS & FORECASTS? // // // //
  19. 19. Interactive  Scenario  Planning
  20. 20. Active Reports Anywhere
  21. 21. World 2.0 SummaryStart 1 2 3 Finish Business Analytics for the Finance Department
  22. 22. Addressing critical processes in finance Planning, Analysis & Forecasting Profitability Modeling & Optimization Close, Consolidation, &  Reporting Performance Reporting, &  Scorecarding Governance, Risk &  Compliance
  23. 23. Valuable resources for you• www.ibm.com/cognos• www.ibm.com/software/analytics• Best practices, white papers, insights• Events, demos, ideas
  24. 24. Best Practice Workshops  • Business Simulation • Rolling Forecasts • Dashboards • Working Capital Mgmt • Scenario Planning • Champions Workshop • Etc...
  25. 25. Better business decisions• Take advantage of this Finance Forum • Talk to our local team and business partners• Evaluate your processes and solutions
  26. 26. Let‘s connect! Christoph Papenfuss Christoph.papenfuss@de.ibm.com Blog: www.performanceideas.wordpress.com Twitter: @cpapenfuss

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