Promsvyazbank implements the system of business planning

On March 24, 2014 the Technoserv Consulting company announced system implementation of strategic planning in Promsvyazbank - the solution on the IBM Cognos platform.

Project Tasks

At the end of 2012 in bank made the decision on creation of an automated system of strategic planning as use of tables Excel for this purpose was labor-consuming, had a number of restrictions. Products became the base of new IT solution IBM Cognos TM1 and IBM Cognos BI. System implementation of strategic planning was executed by a command "Technoserv Consulting".

Project Progress

Consultants Technoserv Consulting together with employees of Promsvyazbank created functional requirements to the implemented solution, developed a single system of financial performance. Design of model of planning for each business line of bank, all-bank model and sensitivity analysis of impact of changes on indicators of bank is carried out.

The system of strategic planning considers an organization structure of bank, supports mechanisms of approval and the approval of plans and creates the consolidated strategic plan of bank on the basis of these models of all business directions. By means of OLAP technologies employees of the bank can model different scenarios of development and analyze the impact of the made changes on summary indicators. Tools of personal analytics allow to study data in different cuts (on a product, activity) and to receive results in a convenient form.

Project Results

"A system became the important instrument of strategic planning and support of acceptance of management decisions in Promsvyazbank. She facilitates search of an optimal ratio between profitability of the different business directions, allows to estimate levels of the accepted risks, to consider internal and external restrictions. We came to deeper understanding of influence of separate indicators on an overall picture of business and had an opportunity to build reasonable, objective forecasts in a sheaf with the development strategy of bank" — Alexey Ilyushchenko, the vice president, the director of strategy and innovations of Promsvyazbank emphasized.

"The solution implemented in Promsvyazbank is unique on depth of study of financial models. For example, the module "Sensitivity analysis" allows to select best values of business indicators taking into account their influence on the general financial result and to try to obtain balance between indicators strategic and the separate business directions" — Roman Kolechenkov, the head BI experts noted Technoserv Consulting.

"New economic conditions increase the need for high-quality forecasting and business performance management — Alexander Tikhonov, the head on sales of solutions of a business intelligence, IBM in Russia and the CIS told. – On the example of the project in Promsvyazbank we see that the business intelligence helps the organization to distinguish hardly distinguishable trends and models, allows to plan beforehand the activity, to adjust tactics and to improve results, providing the organizations serious competitive advantage".