Presentationbusinessanalyticsinfinance16!9!2014 140925051211 Phpapp02

7/21/2019 Presentationbusinessanalyticsinfinance16!9!2014 140925051211 Phpapp02

http://slidepdf.com/reader/full/presentationbusinessanalyticsinfinance1692014-140925051211-phpapp02 1/25

The future of Analytics in FinanceBA4All Insights Session September 16

th

, 2014François De Witte – Guy Van der Sande



AGENDA

1. USG People & USG Professionals

2. Why BA is important

3. What should you take into account

4. Keys to success

5. The journey of data analysis6. Key challenges - general

7. Challenges for a CFO: case studies

8. Conclusions

2



1. USG People Group

3

2.3 billion Eur

Main countries of operation:Benelux, France, Germany

>40 years of experience

N°2 in the Netherlands and Belgium

90.000 flex workers

at work every day

MEMBERS

Quoted on Euronext Amsterdam



USG Professionals

A strong foundation with years of experience

4



We offer multiple solutions

6

Project sourcing & interim management ICT-consultancy

In- & Outsourcing Search & selection



2. Why BA is important

The pressures on organisations are at a point where analytics hasevolved from a business initiative to a BUSINESS IMPERATIVE.

7



Why BA is important

8

Source: ”The intelligent Finance Organisation” survey of KPMG Bermuda 2014



Why BA is important

Financial activities covered: survey of 140 finance executives

9

Source Aberdeen group Survey: “Speeding up and cashing with financial analytics” – June 2014



Why BA is important

[Big] Data, [Big] Money ?

10

• Customer behavior

• Growth and innovation

• Future customer lifetime values

• Efficiency of execution• Meet compliance and regulations



3. What should you take into account

11

Consistent

Comparable – reusable

Connected

Single version of the truth



4. Keys to success

12

http://www.google.be/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&uact=8&docid=cFNTXCOo-KD5BM&tbnid=ogqoX2aR0IW9QM:&ved=0CAUQjRw&url=http://ewallstreetdaily.com/tag/information-technology&ei=UGUNVOjcAcS7OaCygKAL&bvm=bv.74649129,d.ZWU&psig=AFQjCNFaH3SjoF_6ULWo2QMQzTQ7Hy1Qxg&ust=1410250351936576

http://www.google.be/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&uact=8&docid=eoIzF-8B7MZLUM&tbnid=EaCHJm1Se2qBvM:&ved=0CAUQjRw&url=http://www.us.mensa.org/sponsorships/&ei=j2ANVKadG4KAPZnvgRg&bvm=bv.74649129,d.ZWU&psig=AFQjCNHTsmuO4H-CubkAc9vd9X1ZcY-_hg&ust=1410249222010267

http://www.google.be/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&uact=8&docid=DdZe3vPxhgAn-M&tbnid=BnP9vqmlGTxKVM:&ved=0CAUQjRw&url=http://www.econ-it2.eu/en/training/9-managing-in-a-recession/9-2-strategic-plan-review/9-2-1-set-strategic-goals/&ei=qV8NVKTcKMiJOPzLgPAI&bvm=bv.74649129,d.ZWU&psig=AFQjCNFz9ChDTzEpRP2zRivVuZHwJgJ5vA&ust=1410248864870495



Keys to successFrom descriptive to prescriptive

13



5. The journey of data analysis

14



The journey of data analysis

15

Training

Regulation

ManagementPartner

Search &

Selection

BICC

O R

G A N I S A T I O N

C O N T

E N T

Business

requirements

Techn. setup

Governance

Data source

analysis

Data source

integration

Development

Review

Training

Regulation

ManagementPartner

Search &

Selection

BICC

O R

G A N I S A T I O N

C O N T

E N T

Business

requirements

Techn. setup

Governance

Data source

analysis

Data source

integration

Development

Review



6. Key challenges - general

16

• Manual processes

• Ignoring data integration fundamentals

• Bringing the information on time

• Unrealistic expectations

• Risk of strategy fragmentation - Silos• Reconciliation of various systems - different ERPs etc.

• Implement predictive analytics

• How to deal with Big Data?

• Data security - ownership

•Choice between doing it yourself or outsource?



7. Challenges for a CFO: case studies

17

• What does the CFO need?

Accurate, relevant and forehanded information,

enabling the CFO to develop his new role:

• be proactive in order to anticipate

• think with the business and challenge the business

• be a true business partner• Challenges:

• VVV: Variety, volume, velocity (Gartner)

• Unstructured data

• Manual data

• Accuracy of the information

• Have the right information at the right time



Challenges for a CFO - case studies

Cash forecasting

18

• Cash forecasting:

Aim to report a company’s future cash availability resulting

from its operating, investment and financing activities

• BI Challenges:

• variety internal and external sources with different

formats

• common interface for data crunching, trend analysis

• integrate historical A/P and A/R data, external sources

and Big Data

• user-friendly dashboards

• Facilitator: use of data providers (internal or external)



Challenges for a CFO - case studies Example: Cash forecasting

19

Source: Discover Edge



Challenges for a CFO - case studies Example: Cash forecasting

20





DSO and Credit collection

21

• DSO monitoring is a crucial factor to optimise working capital

• Different sources: Accounts receivable, credit management,

external sources (Graydon, Van Dijk,

B-information, etc.), credit insurance payment behavior

• Big Data helps to evaluate Credit Risk

• Dashboard is crucial



Challenges for a CFO - case studies Example: DSO and Credit Collection

22




Challenges for a CFO - case studies Example: DSO and Credit Collection

23





Bank relationship management

24

• Aim CFO: balanced relationship with relationship banks

→ fair allocation of the business wallet

• Challenges:

• Tracking the business allotted to each bank

• Modelling why and when a bank won business,and why and when not

• Automation data collection

• User friendly format

• How:

• Data mining and analysis• Focus on discrepancies / variances & explanation



8. Conclusions

25

• BA is essential to finance: finance needs BA !!

• Strategic CFO’s care about data integration• The CFO becomes a potential CIO-ally

• The “single version of truth” and “data governance” are real

challenges

• Efficient BI, processes and technology are facilitators,

but do not replace the job of finance

The new role of finance is to become

« THE BUSINESS PARTNER » with a

strategic view based on analytics



Contact details

26

François De WitteHead of the Competence Center Treasury and Finance USG Finance

professionals

Britselei 80 - 2000 Antwerpen

M +32 (0) 475 56 84 36

E f [email protected] Twitter @F_DeWitte

Guy van der Sande

Head of the Business Intelligence Competence Center USG ICT Professionals

Britselei 80, 2000 AntwerpenT +32 (0)3 213 72 57

M +32 (0)476 50 16 26

E [email protected]

Twitter @BICC_at_USG

mailto:[email protected]





Documents

Presentationbusinessanalyticsinfinance16!9!2014 140925051211 Phpapp02