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TM1 in
Macquarie
AMENDRA PRATAP
SEPTEMBER 2012
Macquarie Bank
Background
Six Operating Groups
• Macquarie Securities Group
• Macquarie Capital
• Macquarie Funds Group
• ...
TM1 in Macquarie
Brought in y Finance Dept in IT to assist with annual budgets
2008
Grown from a 20 user Division tool to ...
Projects Overview –
Macquarie
Budgeting & Rolling Forecasts
◦Group wide budgeting and forecasting, Global users, All
assoc...
Why TM1
Multidimensional
Cube Architecture
Flexible & Easy to
use Modelling Tool
Choice of Interface
– suits Super users
t...
Business Drivers
Objectives:
1. Reduce red (non-value)
2. Increase green (value)
3. Shrink the timeline, become more agile
Design Philosophy
Design for Functionality
Design for Maintainability
Design for Performance
7 Key Design Philosophies
1. ...
TM1 – Vendor
Engagement
Lessons learnt – Business
Engagement
 Business engagement
 Governance
 Partner from concept to delivery
Lessons Learnt - Projects
 Agile with Controls get best results
 Avoid Quick Fixes
 High Standards apply to even small
...
Benefits to Macquarie
Bank
Monthly Rolling Forecast – Deployed
in 1 month
Allocations/Recoveries – No longer a
black box...
Questions
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Benefits of TM1 Implementation

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Overview and benefits of a successful TM1 implementation

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Benefits of TM1 Implementation

  1. 1. TM1 in Macquarie AMENDRA PRATAP SEPTEMBER 2012
  2. 2. Macquarie Bank Background Six Operating Groups • Macquarie Securities Group • Macquarie Capital • Macquarie Funds Group • Fixed Income, Currencies and Commodities • Banking and Financial Services Group • Corporate and Asset Finance Group Founded in 1969 Around15,000 staff in over 28 countries
  3. 3. TM1 in Macquarie Brought in y Finance Dept in IT to assist with annual budgets 2008 Grown from a 20 user Division tool to a 350 User Group wide application In House team established Successful platform for Group budgets and rolling forecasts already in place Allocations and recoveries Program of work underway (current Focus) Using version 9.5.1 – Upgrade to 10.1 underway
  4. 4. Projects Overview – Macquarie Budgeting & Rolling Forecasts ◦Group wide budgeting and forecasting, Global users, All associated reports and Allocations Allocations & Recoveries ◦High volume Allocations engine, drill through to details, Accurate & Centralised Balance Sheet/Capital Projection ◦ Balance Sheet and capital Projection engine including Scenario Modelling and FC modelling Reporting ◦ Web based /Exception reporting, Drill throughs, Build once use many times
  5. 5. Why TM1 Multidimensional Cube Architecture Flexible & Easy to use Modelling Tool Choice of Interface – suits Super users to just Data entry Plugs into All Data Source Fast to develop and Implement 64 Bit In memory technology (FAST !) Driver Based Planing and Rolling Forecasts Write Back Capability Scenario / What if Analysis
  6. 6. Business Drivers Objectives: 1. Reduce red (non-value) 2. Increase green (value) 3. Shrink the timeline, become more agile
  7. 7. Design Philosophy Design for Functionality Design for Maintainability Design for Performance 7 Key Design Philosophies 1. Distributed Model (Modular Design) 2. Business logic be Exposed 3. Lock Down Aspects of Model 4. Reuse where Possible - Maximise ROI 5. Iterative Implementation 6. Agile With Controls 7. Users are core to Design (its not our model – its theirs) 7 Key Design Philosophies 1. Distributed Model (Modular Design) 2. Business logic be Exposed 3. Lock Down Aspects of Model 4. Reuse where Possible - Maximise ROI 5. Iterative Implementation 6. Agile With Controls 7. Users are core to Design (its not our model – its theirs)
  8. 8. TM1 – Vendor Engagement
  9. 9. Lessons learnt – Business Engagement  Business engagement  Governance  Partner from concept to delivery
  10. 10. Lessons Learnt - Projects  Agile with Controls get best results  Avoid Quick Fixes  High Standards apply to even small models  Should never be too busy to overlook housekeeping  Focus on Quality  Metadata Management – Resilient Dimensions
  11. 11. Benefits to Macquarie Bank Monthly Rolling Forecast – Deployed in 1 month Allocations/Recoveries – No longer a black box Less processing /More analysis Power to imagine next level Validated Time/Cost Savings
  12. 12. Questions

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