Objectives

One of our financial sector clients was looking to implement a finance system. Prior to deciding on a system to be implemented the client wanted to ensure that their processes and procedures would be commensurate with a change in their electronic platforms. We were called in to analyse the client’s processes and procedures and asked to report on:

  • Whether a Finance / ERP system should be implemented by the company.
  • The nature and functionality of finance systems available in the market.
  • The type of finance /ERP system that should be implemented by the business, and how it would benefit the business if implemented.
  • The changes that should be made to the manual processes within the company (prior to the implementation of the finance system).

The Organisation

The organisation is a bank that has been in the city for over 50 years. The client runs a small head office finance team. Over the previous five to six years the client had implemented a number of banking and reporting platforms.

Tasks

Our first task was to analyse the internal processes and procedures of the client including the recording and reporting of financial data collected. We then analysed the way that the client uses technology to process financial data and the various reports produced for their stakeholders. Following discussions with the various parts of the business we were then able to use this information to identify various systems that met these needs and requirements.

Results

We reported to the client on our findings based on the deep dive review that we carried out on the client’s records and systems in use and made a number of recommendations to the client on the size and nature of an ERP system to be procured and implemented, based on the market research that we carried out for them during the project.