Data-driven Banks:
It’s time to boosts your team's speed, collaboration, and agility
An IBM solution that gives you the possibility to plan, simulate and analyze your performance on the go.
Do you have what you need to stay at the top of your game?
The pandemic wreaked havoc on banks. As a result, their resilience was tested in ways they probably had not anticipated. However, they have grown more resilient as a result of the experience. It has given them newfound confidence: almost any challenge they face can be overcome. Is there a way to harness this new power and achieve even greater achievements?
Managing financial and operational performance in today’s unpredictable business climate requires speed, agility and insight.
The financial crisis of 2008 revealed vulnerability of financial institutions to market crashes and economic downturns. Regardless of the expected and unexpected events caused by volatility and market turmoil, there are still many banks that are unaware, that they could be better prepared for them, and it is no wonder that they are unable to cushion them and respond appropriately.
One of the key approaches successful banks use to respond to such events is a fast and agile planning approach.
Are spreadsheets holding you back?
Manual data collection across departments takes time. We are always surprised to see just how many teams across controlling and other departments still spend most of their time preparing input data instead of doing actual planning. Since it is a manual process involving many people, mistakes are bound to happen.
Eliminate planning in Excel,
which is:
- time-consuming and error-prone, with no room left for advanced analytics
- difficult to manage and unsustainable due to the scale and interconnection of the planning levels
- associated with many risks, from file size to the necessary changes before starting any planning
What if there was a simple solution?
- More transparent, simpler, and faster planning
- Enable the what-if analysis of various scenarios
- Establish the automation of the planning process and enable the monitoring of plans and internal reporting by individual segments
- Improve monthly planning and forecasting
Discover how NKBM bank did it
From Manual Data Collection to Automated Planning Process
IBM Planning Analytics is a fast, flexible, and complete planning and analytics solution.
The solution has been praised by customers and analysts alike for its ease of use. It not only automates manual tasks but goes beyond automation to help you gain new insights directly from your data.
IBM Planning Analytics helps organizations enter the cognitive age by enabling Hybrid Cloud Data Sheet 2 users to forecast outcomes based on evolving trends and perform in-depth what-if scenario analysis to test alternative assumptions. Users can create timely, reliable plans, put insights into action, and communicate with compelling visualizations.
What can you expect from implementing IBM Planning Analytics?
Unified Planning
Because the multiple planning procedures are placed in the same hierarchy, there is no mismatching of numbers. Because data comes from a single source of truth, employees from different departments can collaborate more effectively, decreasing the chance of errors and speeding up planning cycles.
A simplified environment for planning
As an alternative to multiple point solutions for planning that use different spreadsheets, organizations can rely on IBM Planning Analytics to meet a variety of planning use cases. This reduces the need for continuous integration, customization, and third-party break/fix support, and seamlessly propagates changes to one planning workflow across the entire planning ecosystem.
Scalability
Without requiring more planning resources or overstretching existing resources, IBM Planning Analytics can be easily adapted to a rapidly evolving business. Using existing templates or modules, companies can easily add or delete cost centers, branches or office locations in a centrally managed planning environment. The time required to build these additional resources from scratch and integrate them into the company’s various planning processes is reduced.
Automate the planning process
Organizations spent much of their planning cycles manually capturing and validating data, rather than evaluating the data to gain insights and add value to the business. Data collection becomes repeatable and scalable with IBM Planning Analytics . Other value-added analytics such as what-if analysis and scenario-based segmentation are also enabled.
More efficient analytics
With the TM1 calculation engine, companies can perform any number of what-if and scenario-based calculations to show the impact of an incremental change in a business factor on the company’s bottom line. These results can be used to create further reports and dashboards for executives or the board of directors, ultimately contributing to executive-level decision-making and business strategy.
It is much more valuable to be able to focus on the future of your business instead of reminiscing about past mistakes when you use a dynamic solution like IBM Planning Analytics powered by TM1®.
Main Features
IBM Planning analytics covers all aspects of
performance management
Plan
IBM Planning Analytics covers all operational business areas and speeds up the process of planning throughout the organization. This includes planning, budgeting, simulation and forecasting, as well as profitability analysis, cost allocation and the conolidation of the operating rules.
It supports easily scalable models and flexible deployment, AI-infused planning values based on a different prediction model, collaboration across the whole organization, reporting, dashboards and organized planning process.
Simulate
Federal and financial authorities increased their regulatory reporting requirements as a result of the recent financial crisis to emphasize capital reserves and internal strategies for managing capital. Solvency must be therefore determined and documented by banks on a regular basis.
IBM Planning Analytics empowers users with forecasting skills. It allows different types of scenarios based on a customer planning approach. Creating complex scenarios designed to determine whether a bank has enough capital to withstand a negative economic shock (known as bank stress test) becomes easy and only a click away.
Owners of the planning process are able to define a numerous other of planning cycles as well. They could, for example, create simulation on new branch opening or other forecasting and explore headcount and workforce mapping.
Our approach allows automatic or semi-automatic connectivity and dataflow between different business areas. Changes made in one module will automatically transfer data and recalculate KPIs throughout the whole solution.
Analyze
Because of a consistent data flow between all areas, users are able to instantly see and report changes, threats and opportunities at any level of an organization.
Reporting on top of planning a solution can be set in three different ways:
- Cognos Analytics
- PAX = Planning Analytics for MS Excel
- PAW = Planning Analytics Workspace
All three interfaces allow us to use an existing model as a source for a dashboards and ad-hoc reporting. We support standard and mobile/tablet dashboards.
Few examples on financial services analytics:
- Analysis of sales, upselling, and cross-selling
- Production of Risk reporting packs
- Reporting to authorities
- Calculation of risk provisions
- Analyzing performance, productivity, quality, and lending by customers, branches, services, and P&L
- Segmentation of customers based on buying patterns, profitability, demographics, and risk attitudes
- Detection of anomalies in terms of money laundering, finance/lending activity, and audit checks
- Monitoring trader behavior and detecting unauthorized or suspicious activities
- Extending reporting of data from national to international supervisors
- Resolvability, capital, liquidity, and governance requirements monitoring and reporting
IBM Gold Business Partner
Our solutions connect all aspects of planning and integrate reporting and predictive analytics into the planning process. Our methodology delivers faster results and minimizes risk.
Contact us
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