Introduction to ORYX

Agility without Control

Unacceptable rate of error (88%*)

Highly manual, with …

… limited automation potential

Lack of audit trail and evidence of process

Tough to implement effective governance

Undocumented processes

Spreadsheet OLAP difficult and unpredictable

Accounting by Spreadsheets presents the following challenges to Finance:

XLS

XLS

XLS XLS

XLS

These factors make spreadsheets expensive

* Study by Panko (2008)

Control without Agility

Do not enable data processing on demand

Limited ad-hoc functionality

Drill-to-source capability can be limited

Requires high up-front investment in software

Technically proficient staff are hard to retain

Long implementation and change control cycles

Working with Dashboard or Reporting Solutions presents some different challenges:

The high technical barriers lead to a shortage of suitably skilled people in the market. Realised benefits fall short of expectations often because of a sluggish response to business change.

Control or Agility?

Spreadsheets

High cost

Low cost

Agility

Control 

Dashboards OLAP Tools

Analyse

Present

Process

Validate

Acquire

20 % of time

80% of time

80% of time - Crunching data

20% of time

Add More Value

Before ORYX.. With ORYX

AUTOMATED

80 % of time

80% of time – Adding value

Analyse and Add value

End-to-End Automation

Spreadsheets and Dashboards primarily focus on Presentation

(Analysis and Reporting)

NOT

DATA PROCESSING

Process Automation requires

both Data Processing

And Presentation

Introducing ORYX for Finance

Processing

Reporting

Analysis

Reconciliations

Consolidations

Planning

Workflow

Journals

ORYX is a desktop solution that significantly reduces number-crunching, provides control and retains agility by automating:

… improve performance whilst still retaining ad-hoc capability

ORYX Principles

Golden Source

Build once use many

Governance & Control

Standardisation and Consistency

Automation

Integration

User Empowerment

Leverage Existing Infrastructure

Single Environment

ORYX is built on the following principles:

How ORYX Works

Acquire data from multiple

sources

Validate to detect and

prevent errors

Process large data sets

accurately and reliably

Present information with

user friendly tools

ORYX automates complex processes end-to-end with a single click:

- Report- Allocate- Analyse- Reconcile- Consolidate- Plan

Acquire

Obtain and process data from multiple databases

Only extract required data (Performance)

Used existing sources(No redundancy, inconsistency, duplication)

Use existing mappings and reference data

Data also obtained from text (CSV etc), spreadsheet, XML, etc

Validate

Allows data from multiple sources to be combined in a controlled way

Tests easily added to existing processes to prevent new errors

ORYX processes become more robust over time, not less

Validation embedded into processes (eg. data mapping tests)

Test applied irrespective of who runs the process

Process

Processes normally automated without scripting

Full parameterisation using filters

User feedback in real time Full process logging:

Rules-Based Processing

Sequential rules-based processing

Full process visibility

Greater process agility

Process configuration changes quickly prototyped and deployed

Change rules /process without costly rebuild

Full rule validation before processing starts

Analyse Data

Drill to transaction

Query data at any

level of detail

Full Audit trail

Dimensional Analysis

ORYX OLAP functionality provides intuitive analysis, slice-and-dice, KPIs, all with rapid drill-to-source.

Present and Report

Turn existing analysis views into a

distributable report with a few clicks Reports can be rapidly adapted to

changing business requirements

ORYX reports balance to the

original analysis, reducing issues

arising from having “multiple

versions of the truth” and

improving query resolution time

ORYX Forms and Scripting

Familiar form design framework (based on .NET)

Developer optimisations Scripting available where

custom actions / logic required

Full intellisense / inline help provided

“ORYX has cut the process time from 4 hours to a few minutes during the month end”

“ORYX has saved 90% time with expense report automation: 4.5 working days saved”

“With ORYX systems reconciliation has reduced from 2 hours to 5 minutes - 95% time-saving”

ORYX Community

ORYX has been implemented in various large multi-national

organisations with users located globally: UK, Europe, USA, Australia,

Hong Kong, Singapore and others.

ORYX reduces 40-hour possesses to minutes. In fact, a single ORYX development has saved an investment bank approximately £650,000 per year.

ORYX Benefits

Performance

Delivery

Agility

Lower Risk

Reduced Costs