The challenge
Replace the manual reporting solution with a new AUM attribution and finance reporting tool. More specifically:
- Remove the inefficiencies and inherent risk of manual consolidation and reporting
- Guarantee a single version of the truth.
- Gain a lens over the complete AUM book and the income generated from it.
- Introduce finance software fully scalable to future growth plans
The solution
Pairing IBM Planning Analytics (TM1) with a low cost GL created an integrated solution combining the AUM book, client level income and core financials. The solution delivered:
- External financial and regulatory reporting.
- Board reporting, internal MI & analytics.
- Automated planning, budgeting & forecasting.
The benefits
- Significant efficiency and control gains.
- Shortened month end close
- A stronger understanding across the business of the AUM book and the yield generated.
- Cost analytics by cost centre, supplier and project.
- Automation and standardisation of the Planning, Budgeting & Forecasting process.
