The procedure for Budgeting & Planning as well as its execution and control is one of the most demanding in any organization. The complexity increases together with the organization dimension, the diversity of its areas and Business Units, the wide variety of products, the complexity of the Objectives and the number of Professionals involved.
Financial Institutions have now within their reach an extremely powerful Solution, PLANinfinis, with which can budget, plan and control any activity in an integrated, detailed and complete way.
Without approaches or concessions
PLANinfinis allows the Budget to be made starting from the existing information in each Institution Contract. The detailed information offers an incomparable flexibility in comparison with other approaches based on frame approaches. For instance, in the Fixed-Term Deposit Contracts, we can immediately check the maturity dates of each contract and the predictable impacts due to their non-renewal or the renewal with new rates. And the same can be done for the Credit Contracts concerning their maturity dates or rate updates for the Contracts with periodical updates.
In the case of a possible Business Unit Sale, we can immediately anticipate the results in the Organization due to the elimination of all the Contracts and Costs related to that Business Unit. The same can be applied to a situation of Merger or Acquisition.
The analysis and scenarios can be even more sophisticated. For example if we have an ABC cost analysis at a PROFITinfinis level, we can simulate, based on the data log, the consequences of the application of a rate for each ATM transaction or the decrease in the price of a chequebook.
Putting the Solution pieces together
The main data is taken from the operational systems to the corporate Data Warehouse or to a Data Mart. Methods and tools of Data Extraction, Cleaning, Standardizing and Loading are used, and the data is stored in a high performance relational database, according to a Financial Data Model.