Banking
The dynamic finance industry environment poses new challenges to banks and service providers time and again. At the fore, there is an effort to systematically exploit customer business potential by keeping an increased focus on sales, using an approach that puts meeting customers’ needs first. Consistently aligning the business network with core competencies allows shaping the entire value chain with an eye to the future, which yields improved cost-income ratios.
Our approach has been tried and proven. It ensures consistency on a strategic, process, and system level. We use both our approach and our USPs to help you achieve your objectives, systematically exploit market opportunities, and identify possible risks early in the game.
Study: The Value Added Models of the Future – Banks and Providers in 2010
The study entitled "The Value Added Models of the Future – Banks and Providers in 2010" looks at the changes in the banking value chain resulting from sourcing activities and examines new trendsetting and market-driving value added models in the industry. Some 200 managers and experts working for banks and providers in Germany, Austria and Switzerland were interviewed for the study, the aim of which is to throw light on future service provision in the banking industry and on the changes caused by business process sourcing.
The study was undertaken jointly by the Institute for Business Informatics (IWI), the Swiss Institute of Banking and Finance (both affiliated with the University of St. Gallen) and The Information Management Group (IMG), the international management consultancy. Background support was provided by the "Sourcing in the Financial Industry" competence center at the Universities of St. Gallen and Leipzig, where changes in the value chains of banks and providers are studied.
Service Competence for Banks
Using a wide range of experience, methodical and service competence we support financial service providers as they cope with current market challenges. We strive to maintain long-term partnerships with our clients that are distinguished by mutual trust. As your business engineers, we create sustainable value for you and your customers.
Service Competence
Methodical Competence
Our clients benefit from a scientifically developed, tried and proven methodology based on the Business Engineering approach.
Reference Skills Across Services and Projects:
- Program Management
- Project Portfolio Management
- Market Analysis
- Quality Audits / Management
- Integral Change Management
- Training & Coaching
What Distinguishes Us?
St. Gallen University and the University of Leipzig in the financial sector outsourcing research center
St. Gallen University and the University of Leipzig in the financial sector outsourcing research center in Germany and Switzerland with a well-known financial institutions, joint research all aspects of outsourcing. Including outsourcing and financial network model of the design, operation and management, and through scientific research and the practice of outsourcing for the financial industry come up with a methodology.
Efficient Global Master Data Management
The challenge
The wish for consistent master data is rendered more difficult of attainment by the increasing distribution of data among different systems, the global use of master data, and utilisation of one and the same data record in an enormous range of different contexts. Management of partial attributes in a wide variety of systems is also increasing in complexity. For globally operating companies, in particular, consistent data quality and quantity is indispensable if unnecessary inefficiencies are to be avoided. Worldwide distribution of decision-relevant data has increased dramatically as globalisation advances, and will intensify still further in the years ahead. Global Master Data Management is the answer to the market’s emerging challenges for globally operating enterprises.
Approaches to system integration provide only partial solutions to the problems entailed by globally distributed data, since integration scenarios presuppose correct master data, which are frequently not in place. Without consistent master data, the complexity of information processes cannot be reduced. In addition, misconceived or inadequate master data management will in the medium to long term result in a substantially restricted level of data quality. This leads to increased outlay for ongoing updates and migration, to higher costs and in worst case also to the loss of business associates or impaired competitiveness. With the introduction of SAP Global Master Data Management (GMDM), users possess a tool that enables master data challenges to be met and mastered, and updating processes to be handled with long-term efficacy.
Solutional approach
The Information Management Group (IMG) provides the following services in the field of global master data management:
- master data analysis
- standardisation and distribution concepts for master data and attributes
- formulating a system architecture for proactive master data updating
- migration and implementation concepts
- support for master data harmonisation
- conversion routines for master data (in the individual system concerned)
- piloting and introduction of SAP GMDM
- implementing the requisite system integration initiatives themed around SAP GMDM
- operational coaching / concept
In numerous projects, IMG has solved master data problems as both the conceptual and the implementational partner involved. We support our clients as an innovative, dependable consulting partner, with international experience and can-do expertise. The consultants at IMG possess a comprehensive fund of practical expertise, backed up by in-depth sectoral experience. They are familiar with the structures and challenges of the various industries involved, and with the success-driven action options and solutions available. This enables analyses and strategies to be formulated swiftly and purposefully, for single-sourced implementation.
Benefits
Companies that handle their business processes on the basis of harmonised cross-system cross-frontier data, obtain very substantial benefits with Global Master Data Management such as:
- harmonised data throughout the entire company
- cross-system/company data consistency within the business network as well
- improved cooperation with all business associates
- optimised business processes
- high data quality
- eliminating inconsistent or obsolete master data
- reduced costs for data management, data distribution and correction of faulty data
- improved competitiveness
Another advantage of SAP Global Master Data Management is the option for modularised implementation without any significant system downtimes, plus the ability to update and manage databases on an internationally global scale.
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