Case Study

Finance MI Project
For A
Leading International Financial Services Provider
Submitted To
NYSE
Submitted y
!i"ro Tec#nologies
Finance MI Project
Customer profile
Customer is a leading international financial services company with business
spanning across US, Europe and Asia.
Business Objectives
The Finance ! "rogram was conceived to give Finance department and its#
customers a rich, robust and fle$ible ! platform. !t will deliver full E$pense, Sales
and "rofit reporting across all functions and sales channels. The entire program was
delivered in two phases.
The ob%ectives of Phase 1 implementation were to&
Create a ! database using strategic tools that can be the basis for the U' !
database for the entire organi(ation. This ! database will be integrated with the
new )udgeting system.
!mplement the strategic )usiness *b%ects infrastructure for reporting + analysis
!mplement the Adaytum technical infrastructure, and support the design and
implementation of Adaytum "lanning ,, for budgeting, planning and forecasting
-evelop a streamlined company wide .eb based )udgeting and Forecasting
process for E$penses and Sales
-evelop )usiness ob%ects universe and reporting platform for user data needs for
E$penses, Sales and other financial indicators
"rovide analytics on E$penses, )udget and Forecast figures by e$tracting the
data from sources of "eoplesoft and Flat files, integrating and loading into the
E-.
"rovide analytics on Assets, "ayments, /ouchers and *rders anagement
0enerate monthly reports from )usiness *b%ects for the corporate users from the
E-. thereby eliminating manual procedures
The ob%ectives of Phase 2 Implementation are&
!ntegrating all the sales data from multiple channels into the Enterprise -ata
.arehouse
-ecommission the systems that are presently doing the sales reporting, and
thereby reducing the maintenance costs and unreliable data
1uic2, easy, consistent one source access to the ! delivered
!nstant 3uerying, combining and synchroni(ation of sales and e$pense '"!s,
enabling the full e$ploration and automation of "rofit and 4oss analysis
5ationalisation of multiple reporting hierarchies 6E.g. "roduct, Time, etc7
currently maintained in several databases
!dentifying data 3uality issues through analysis of the resultant E-. and analysis
and design of transformation rules
!ntegrating Cognos )udget Solution with the E-.
Solve internal audit issues around operational !
Wipro Confidential Page 2 of 5
Finance MI Project
Wipros Contribution
A 8oint team comprising of members from .ipro and the customer delivered the
Finance ! "ro%ect in two phases. 'ey activities carried out by .ipro during the two
phases include 9
Capturing and Finali(ation of )usiness etrics 6Finance !7
Solution Architecting and -etailed -esign
-evelopment of -ata !ntegration + ET4 layer from different source systems 9
Actual e$pense, budget figures, asset costs, asset life and depreciation,
payment details, purchase order details from "eoplesoft
Forecast figures, hierarchies of cost centres, account and pro%ects from user
maintained spreadsheets
!n the current phase, the budget and forecast figures will come from Cognos
Analysis Services and not from "eoplesoft+flat files
Sales actuals data from mainframe engines for different channels of ):), -:C
and U'!
Sales plan figures from user maintained spreadsheets
Annuity sales figures for various channels from *racle ;i database
Application of )usiness 5ules using !nformatica
-evelopment of )* Universes and 5eports
Support and aintenance
"rovide ade3uate support to the Customer )! Support team in order to have
smooth handover from warranty phase to support phase.
Major Highlights
The pro%ect was successfully delivered at a reduced cost and earlier than
schedule. "hase : was delivered , months ahead of planned schedule and net
cost saving to the Customer was in the range of <=:>' 9 <=?>'.
ore than a hundred users from Finance @ U' team who are involved in Sales
"lanning, Trac2ing and Analysis activities were able to access the Actuals, )udget
and Forecast figures on the intranet via )usiness *b%ects reports and could derive
benefits. The earlier manual process of viewing and comparing the figures in
spreadsheets was done away with.
Users were also provided with analytics on Assets, "ayments, "urchase *rders
which were not efficiently analy(ed before.
onthly statistics were generated using the data in E-. through )usiness
*b%ects reports. There were : )usiness *b%ects Universes and :A )usiness
ob%ects reports.
The data was consistent and was the single version of truth, thereby simplifying
the auditing process for e$penses and plan figures much simpler.
The .ipro team for the pro%ect is provided below 9
Phase imeline !umber of Wipro "esources
= 8an :>>, to 8uly :>>, = @ )! Architect
= @ ET4 -eveloper
: Aug :>>, to Aug :>>? = @ )! Architect
= @ ET4 Architect
A @ ET4 -eveloper6s7
Wipro Confidential Page 3 of 5
Finance MI Project
Challenges a##resse# b$ Wipro
The data from various sources were integrated into a single database after
applying different business rules for different scenarios.
The business rules were comple$
Constant change in business re3uirements
-ifferent source systems had different rules and data structures, which had to be
understood and unified in a very short span of time
anaging efficient delivery of )! pro%ects under an environment where many )!
pro%ects were running in parallel at the Customer location
echnical %nvironment
&ource &$stem's A-A)AS, UB!SCS, Flat File e$tracts,
"eoplesoft Application 4ayer, *racle ;!
arget Har#(are ) Operating &$stem UB!D
arget *atabases 6Staging, *-S, E-.,
-, etc.7
STA0!B0 @ *5AC4E E!
E-. @ *5AC4E E!
-ATA A5T @ *5AC4E E!
+pplication *evelopment 6ET4, eta9
-ata 5epository, -ata Cleansing Tools,
etc.7
ET4 @ !BF*5AT!CA F.>
ETA9-ATA 5E"*S!T*5C @
!BF*5AT!CA F.>
SCGE-U4!B0 SC5!"TS @ AEST5*
"eporting %nvironment *4A" @ )US!BESS *)8ECTS F.=
+pplication +rchitecture
Wipro Confidential Page 4 of 5
Finance MI Project
Benefits to Client
.eb enabled solution enabling anytime, anywhere access.
Cost effective, easily deployable, platform independent access enabled through
.eb.
Scalable and fle$ible architecture capable of incorporating changes to the
business process or the underlying source systems.
"roviding accurate figures to the business users from a single database.
Empowering the users by providing ma$imum analytics, allowing them to ta2e
better decisions by loo2ing at the data from various perspectives.
5educing the maintenance costs and releasing infrastructure for reuse by
decommissioning systems that are maintenance prone and erroneous.
"roviding a single platform for analysing sales, e$penses, plans and numerous
other '"!s.
Elimination of the time consuming, error prone manual procedures.
inimi(ed manual effort in collating data from various report sources.
"roviding historical data analysis to the users which had not been possible before.
"roviding an environment with Enterprise -ata .arehouse and -ata art6s7
which are used by many )! pro%ects as the strategic architecture for the future
reporting.
Wipro Confidential Page 5 of 5