Financial Services

Financial services industry uses data to improve operational efficiency but very few companies use it to gain business insights because the scattered data won’t allow it.

In the current climate Financial services institutions are looking to increase operational efficiency and minimize exposure to risk in order to eliminate unnecessary costs. Self-service Business Intelligence enables Financial services institutions to analyze large volumes of data from various sources empowering every department to increase their efficiency and meet regulatory compliance demands.

Financial Services Analytics Solution

Areas where Business Intelligence assists organizations:

 Improve operational efficiency by gaining data driven insights in workforce headcount, infrastructure, maintenance.
 Practice data driven financial decision making by having complete visibility over your organization's data coming from different sources, all in one dashboard with the ability to drill down.
 Analyze revenue, number of relationships and number of clients - execute performance analysis at any level.
 Reduce the time consuming Excel report generation from raw data and enable management to get instant information on Financial Analysis across regions.

KMS provides standard based options, understanding of the business, experience based on over 400 projects, visual experts and a pool of talent. KMS helps its clients access the right data at the right time, provides the ability to get a clearer look into the client data to make better business decisions and enables firms to become more agile by responding faster to opportunities and crisis.

 

Implementation and Methodology

Understand and Analyze sufficiency of data for the following

  • Improve operational efficiency by gaining data driven insights in workforce headcount, infrastructure, maintenance.
  • Practice data driven financial decision making by having complete visibility over your organization's data coming from different sources, all in one dashboard with the ability to drill down.
  • Analyze revenue, number of relationships and number of clients - execute performance analysis at any level.
  • Reduce the time consuming Excel report generation from raw data and enable management to get instant information on Financial Analysis across regions.

Identify your data sources and the technology landscape

  • Databases (MS Access, Oracle, DB2, Informix, SQL, MySQL, Amazon SimpleDB and a host of others)
  • Flat files (Microsoft Excel files
  • Web services
  • Other sources such as RSS feeds
  • Social Media

Discussions with Business users to identify the KPI’s for each area identified in Step 1

  • This step includes presentation of our ready templates, and discussions on how these can be adapted for your use
  • Decisions on how the chosen KPI’s will be visualized and displayed
  • Responsibility for data harmonization and cleansing
  • Frequency of data update and viewing
  • The visualization formats for specific data types
  • The Additional Reporting requirements

 

Case Studies

Case study: Financial Services corporation headquartered in Japan

Industries

Distribution Channels are pathways of strategic advantage where products, information and finance flow from manufacturers to consumers. However, those channels are made of complex systems of independent businesses whose data needs to be aligned to assist companies to fulfill and create consumer demand.. Read More
Commercial Real Estate Leasing, managed by REIT companies, is an extremely competitive sector of the Real Estate Industry and the players are required to be imaginative and have information at their fingertips to avail of the opportunities that arise as well as to quickly respond to government, economic and market pressures that might challenge their business models. Read More
The educational sector routinely collects data on average scores, for example, but rarely utilize it to its full advantage by slicing and dicing, drilling down and, empowered by visualizations, discovering not just what are the trends but why and under which circumstances they occur. Performing what-if analysis too is not a common practice yet. Read More
Building new networks is extremely expensive hence telcos need to do more with the networks they have and to very carefully evaluate entry in new markets. BI systems enable telcos to do that and much more - to analyze and better coordinate marketing, identify upsell and crosssell opportunities and promote customer loyalty. Read More

Manufacturers usually have a lot of data which they collect real-time but they tend not to take full advantage of it by also analyzing it in near real-time. Read More

The high cost of getting drugs to the market, the time and numerous mandated processes involved, the complicated regulatory compliance issues, the fear of liability that hinders innovation makes the Pharmaceutical industry very difficult to navigate. Read More

Functions

Generate revenue by turning data into insights, optimize work of sales teams, analyze and improve sales cycle, perform what-if analysis and forecast sales. Read More
Interactive BI opens possibilities for marketers to address changing market needs by aligning campaigns and identifying key metrics and turning points. Read More
Historically strategic sourcing has been difficult for a variety of reasons. First of all, Procurement professionals are often burdened with low-value tasks like manually gathering all the important data. Secondly, suppliers don’t have a clear understanding how their customers evaluate them and even when presented with guidelines often fear that the data is biased or inaccurate. Read More
At first glance HR does not seem the most likely candidate for using BI systems. But look again. The amount of money companies spend on payroll and the fact that without your employees there is no organization to speak of means the HR department is the most likely Interactive BI user. Read More
Analyze items whether in stock, store or in transit. Consolidate information from disparate systems and deliver goods and services with tight deadlines. Read More
CFOs are not only those overseeing the books, they are the visionaries and strategists of their companies. They spend a lot of time digesting voluminous spreadsheets that provide a lot of data but limited decision making capabilities. Read More

Featured Highlights

GARTNER'S ANALYTICS MARKET GUIDE 2017

Knowledge Management Solutions has been featured in Gartner’s Analytics Market Guide 2017 as one of the selected few Business Intelligence and Business Analytics Service Providers Supported in Asia Pacific and Japan

Knowledge Management Solutions

Who we are and What we do? KMS is one of the most experienced implementation specialists of Business Intelligence, Analytics and Big Data solutions in Asia Pacific. In our 13 years of operations we have worked with almost 500 customers and more than 10,000 end users, using our solutions in 20 countries. We have 80% customer retention rate after two years. Headquartered in Singapore, we have an exceptional regional knowledge and presence with offices in Malaysia, Thailand, Indonesia and Hong Kong.