The company is among the largest global providers of insurance, annuities, and employee benefit programs, with 90 million customers in over 60 countries.
I&A were engaged for Strategic Consulting to undertake an 8-week study to validate the necessity of Business Intelligence, Data Warehousing and associated Reporting tools. This study covered the areas of:
Current Financial Business Processes and Systems, the Current Budgeting, Reforecasting and Management Reporting Processes and Systems, the Required Reports & KPI’s, other External Data Sources to be brought into the data warehouse, data Security Requirements. FX Currency Considerations, an overview of the future Budgeting and Planning process and systems architecture, Cost Allocations Methodology, Functional Expense Reporting, Key Benefits to be obtained (tangible and intangible), High Level Gap Analysis – Out of the Box vs. Business Requirements, Proposed Analytics and Modelling Flow, Implementation Project Resourced High Level Project Plan, Solution Visualisation Sessions with users and management
Challenges and Business Objectives
- The company undertook a number of improvement activities across the Asian Region and globally that revolved around the measurement, reporting and course correction of Financial and Non-Financial Performance. As part of this exercise, the company was intending to invest in data a warehousing solution incorporating comprehensive business intelligence capabilities.