Whether this is the first time your organization is undertaking a finance analytics project, upgrading the existing solution, or taking a second run in delivering a successful finance analytics project, the Deloitte Quality Service will give you the guidance you need to deliver successfully.
- 1. Deloitte Quality Servicesfor finance analyticsBuild quality
in from the start
2. Many organizations are seeking to increaseefficiency, reduce
risk and improve bottomline performance through investments
infinancial analytics technologies. The rewardsfor undertaking
these initiatives are welldocumented, however many chief
financialofficers and chief information officers encounterbenefit
realization, cost overrun and performancechallenges with finance
analytic projects. 3. H ow can you avoid the pitfalls, predict
where Lack of due care you face the biggest challenges and adopt a
more Limited meaningful business dialogue and understanding
effective approach? Is business and IT set-up forof business
processes, resulting in an incapacity tosuccess? Are you set-up to
quickly demonstrate value in anticipate issues that impact solution
designorder to gain the confidence of the business for future
Inability to deploy the desired solution in a mannerfinance
analytic roll outs? which is sustainable and supports future
needsDisregard of the options available to you and makingWhether
this is the first time your organization is significant design
decisions on your behalfundertaking a finance analytics project,
upgrading theFailure to design the solution to meet the business
cycleexisting solution, or taking a second run in delivering a time
expectationssuccessful finance analytics project, the Deloitte
QualityDisorganized business processes which have notService will
give you the guidance you need tobeen updated or communicated as a
result of thedeliver successfully. implementationDisregard of
changes to roles and responsibilities forOur extensive experience
has shown that one or all of the finance and IT, which enable a
smooth transition of thefollowing symptoms are commonly found in
the projects solution to the support organizationthat fail to
deliver the desired outcomes:Not understanding your data. Not
talking yourTechnology blind spot language.Over-reliance on the
software sales team to propose Failure to describe the solution and
process changesthe right software from their finance analytic suite
that in your language before undertaking prototyping andmeets your
business requirementsdevelopmentHigh dependence on a vendors
technical professionalNot asking the right business questions to
understandservices brand to create peace of mind for a business-how
you analyze your businessfocused solutionLimited data profiling to
identify information gaps earlyMisconception that the right skills
are deployed on in the projectthe project and that the vendor is
regularly monitoring No effective system or business controls to
mitigate dataprogress and anticipating issues on your behalf loss
or data integrity issuesAn unstable business foundationAn approach
that does not set the vision for a longerterm roadmap or consider
the business impact ofdesign decisions, which may result in costly
throw awaydevelopment and schedule overrunsOversimplification of
requirements to create a glorifiedExcel workbookSuboptimal design
decisions that do not consider thevendor technology roadmapUse of
traditional development methods which failto recognize the unique
characteristics of a financialanalytics program Deloitte Quality
Services for finance analytics 1 4. Helping you anticipate
issuesand adopt a more effective approach The Deloitte Quality
Health Check service for financial Technical Health Check analytics
is a comprehensive, independent assessmentOur health check compares
your technical decisions of the technical health, business value
and organizationand configuration to our library of design patterns
and change health, and project health of your analytic
solution.provides alternatives to your current approach. Whether
Deloitte is your prime integrator or not directly This health
check: involved in your project, we provide experienced
financeCompliments your integrators services by facilitating full
analytic practitioners and use our toolkits to deliver
ourdisclosure of the technical design options and including Quality
Health Checks for IBM, Oracle or SAP financeyour team in key design
decisions analytic solutions. Challenges your integrator to
consider design options beyond the functional requirements and
recommends By engaging Deloittes 360 Quality Health Check,
wemitigation strategies to protect your investment provide peace of
mind that your project is fit for purpose, Probes key user
acceptance issues (i.e. performance, identify remedial actions, and
help you optimize theflexibility, ease of use) to validate that
they are likelihood of the desired business benefits being
achieved. considered in the design and key risk areas are mitigated
Validates that the data integration approach will effectively
manage hierarchies, transport data from your transaction systems
and meet longer term needs lth check Digs into the technical
configuration of your environmentlhea cato identify technical risks
to the performance, scalability ni B u ch and stability of your
solution hsin ange health c aniz Tec ess Highlights on-going
maintenance implications the value and orDeloittes solution will
require, and structures trade-off 360 Qualitydiscussions between
functional, performance and Health Check maintenance requirementsP
roj e ct he ag Business value and organization changeck alheth tio
health check che ck n This health check compares your anticipated
business value and change management program to our library of
generally accepted practices. Specifically we: Assess how your
project is set-up to deliver on your business value promise and
provide advice to achieve your business objectives through
technology and organization change Review the quality of your
requirements documentation and provide guidance on how they can be
successfully adjusted to enable prototyping, increase communication
and improve user acceptance2 Deloitte Quality Services for finance
analytics 5. Combine our technical, functional and industry
Deloitte subject matter Quality Servicesexperience to provide
insights on where you canWe view analytic projects as a fundamental
way to changechallenge your existing data and process
practices,business behavior, drive business adoption and
considerincorporate leading practices and optimize your solution
thoughtful design to support smarter business decisions.Provide
guidance to encourage business engagementAs a result, our clients
view our subject matter services asat the right points in the
project and validate that the a key success factor in the execution
of projects and as abusiness interests are being addressed
objectivelycritical differentiator from technically focused
providersAdvise on changes to IT and finance roles andor
contractors:responsibilities in order to support the
solutionEducate your technical organization on the nuances
ofRequirements Quality Services Facilitate functionalthe system and
how to implement safe guards to protect requirements gathering and
documentation at a level ofyour investmentdetail the business can
sign-off and that the technical integrator finds meaningfulProject
health check Modeling Quality Services Lead reporting andLeverage
our project management experience and modeling design sessions by
collaborating with yourour 120point checklist to assess the health
of your team and the integrator team and incorporate leadingproject
and implement mitigation plans to get youpracticesback on track.
Business Process Quality Services Identify required changes to
business processes and the related process impacts; assist the
organization to communicate and implement changes Testing Quality
Services Assist or lead the business and IT to test the solution in
a comprehensive manner Documentation Quality Services Document the
solution administration run book for finance and IT at a level of
detail that considers impacts of turnover. Document the technical
design so that there is meaningful traceability to the
requirements. Recommend documentation and version control tools to
maintain audit trails to your system documentation Training Quality
Services Provide the administrator and the IT back-office with role
based and organizationThis health check provides:solution specific
trainingInsight on the effectiveness of the implementation
Application Management Quality Services approach and
recommendations to course correct On-site and off-shore support
processes to maintain theRecommendations on the risks which need to
beapplication and drive continuous improvement everymonitored or
mitigated 3 to 6 monthsInsight to the shortcuts taken by your
integrator thatmay be jeopardizing the quality of your
solutionAdvice related to the effectiveness of your
projectmanagement process which is critical to scope, timelineand
budgetary control Deloitte Quality Services for finance analytics 3
6. Why Deloitte? Business analytics insightOur commitment to you
Knowledge base of client testimonials world-wideHelp you deliver a
solution that performs and that the Over 10 years experience
implementing analytic business will accept solutions for our
clients in Fortune 500 and mid-market Help you deliver a solution
that has a foundation for companies. We know the analytic risks and
how tofuture growth without throw-away development effort avoid
themAnticipate your business and technical issues Insight into
vendor roadmapsImproved confidence in the data and in the new
Ability to connect operational data and processes withprocesses to
make faster and better decisions financial data, models and
processesNo surprise approach with full disclosure and no vendor
bias Strength in depth Recognized by leading vendors (IBM, Oracle
and SAP) as their #1 system integrator or alliance partner for the
last 5 years World-wide IBM, Oracle and SAP finance analytics
practices with project and technical experience across each of the
tier one solutions Global Deloitte finance analytics community of
practices and Deloitte social networks that share the latest
finance and analytics knowledge and project experiences Not just
business advisors, but also experienced technical implementers of
finance analytic solutions4 Deloitte Quality Services for finance
analytics 7. Planning to start a finance analytics projector in the
middle of delivering a finance analyticsproject? You are not
convinced that your currentproject will be successful? Now is the
time toengage Deloitte Quality Services for financeanalytics and
get the guidance you need toadopt a more effective approach. For
more information contact a Deloitte professional: Nat DErcole
Principal [email protected] 8. www.deloitte.caDeloitte, one of
Canadas leading professional services firms, provides audit, tax,
consulting, and financialadvisory services through more than 8,000
people in 56 offices. Deloitte operates in Qubec as Samson
Blair/Deloitte & Touche s.e.n.c.r.l. Deloitte & Touche LLP,
an Ontario Limited Liability Partnership, is the Canadianmember
firm of Deloitte Touche Tohmatsu Limited.Deloitte refers to one or
more of Deloitte Touche Tohmatsu Limited, a UK private company
limited byguarantee, and its network of member firms, each of which
is a legally separate and independent entity.Please see
www.deloitte.com/about for a detailed description of the legal
structure of Deloitte ToucheTohmatsu Limited and its member firms.
Deloitte & Touche LLP and affiliated entities.Designed and
produced by the Deloitte Design Studio, Canada. 11-2550
