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Financial and Operational Performance ManagementCreating the future-ready enterpriseEnabling better decisions to drive better outcomes with performance management
Performance Management Financial and Operational Performance Management
IBM is helping clients weave business modeling and predictive intelligence into cross-enterprise performance management processes
Manufacturing
Sales
Marketing
Finance
Logistics
Technology and productdevelopment
HR
Creating a future-ready enterprise
The flexibility of IBM [Cognos® TM1® software] for all these different applications and the ability to view data in different layers and at different resolutions really make it an ideal solution, not only for our office of finance, but increasingly for users in other areas of the business.
—Laura Smith, director of corporate finance analysis and support, BBVA Compass
Performance Management Financial and Operational Performance Management
Support continual, dynamic collaboration with social and mobile advances—virtually anytime, anywhere
Guided business processes Personalized task lists highlight priorities and walk users through processes step by step to highlight important, time-sensitive tasks and help improve efficiency
Focus on collaborationAct upon insights by more easily collaborating and sharing data analysis with almost anyone, almost anywhere to build consensus around business decisions
Mobile enabled, cloud deployable Activity streams alert you to changes and collaborative insights as they occur across the enterprise; prioritized tasks can be acted upon sooner
Performance Management Financial and Operational Performance Management
ANCAP refines its approach to operational analytics
96 percentreduction in time required to complete budget consolidation processes
Practically instantgeneration of reports that previously took 10 days to produce
Increasedoperational visibility with access to near-real-time information Business challenge: How can a leading energy company manage almost
every aspect of its business—from refining and logistics through sales and marketing—when time-consuming reporting processes prevent it from gaining a centralized view of its operations?
Analytics journey: Working with IBM Business Partner Quanam, ANCAP deployed a suite of IBM business analytics solutions to help streamline operations by providing a unified, near-real-time view of the business.
“The IBM Cognos solution we implemented was a total success, in every area of the company up to top management levels, and we are absolutely satisfied with the technical support and business insight delivered by both IBM and Quanam.”—Sergio Pi, CIO, ANCAP
Performance Management Financial and Operational Performance Management
McCormick protects profit with detailed understanding of customer value and uncertain prices
Challenge
• Significantly reduce the profit at risk because of volatile commodity input prices
• Solution
• Collect and analyze sales plan data by customer and across more than 30,000 SKUs
• Evaluate the resulting profit contribution of product input in the bill of material
• Results
• Diagnosed profit improvement moves ahead of time; commodity price increases can be passed on to consumers or renegotiated with industrial customers
• Conducted value engineering with operations to reformulate flavors using commodities from different regions and suppliers
• IBM Cognos software helped McCormick record USD56 million in cost savings from its comprehensive and continual improvement program
McCormick is a global leader in flavor. With more than USD4 billion in annual sales, the company manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry—retail outlets, food manufacturers and food service businesses in more than 110 countries.
Performance Management Financial and Operational Performance Management
What is predictive analytics?
Predictive analytics helps connect data to effective action by drawing reliable conclusions about current conditions and future events.
—Gareth Herschel, research director, Gartner Group
I do not know what I may appear to the world, but to myself I seem to have been only like a boy playing on the sea-shore, and diverting myself in now and then finding a smoother pebble or a prettier shell than ordinary, whilst the great ocean of truth lay all undiscovered before me.
Performance Management Financial and Operational Performance Management
Mueller, Inc. uses advanced business analytics to transform its business model, becoming an information-driven enterprise
Business challenge: A shift in business strategy from manufacturing to retail drove a comprehensive cultural transformation within U.S. manufacturer Mueller Inc. The company needed to analyze its business processes and performance to assess how well employees were adapting to its new business strategy.
The smarter solution: Mueller implemented business analytics technology that enables company employees to view and analyze company data in near- real time, empowering workers to measure individual performance and assess how their work affects the bottom line.
“We can show sales teams exactly how they are contributing to the business and explain what they need to do to improve their metrics...a much more effective way of driving the changes in behavior that are vital for business transformation.”—Mark Lack, manager of strategy analytics and business intelligence
20–30% reductionin scrap metal manufacturing waste
20% return on assetsresulting from rapid identification and tracking of business process improvements
113% return on investmentthrough use of business analytics
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