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FINANCIAL PLANNING IN UNICREDIT BANK RUSSIA

FINANCIAL PLANNING IN UNICREDIT BANK RUSSIA. AGENDA. About a company Budget process before implementation Project targets and scope Selection of solution Project roadmap Project results Development of the syste m. About a company.

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FINANCIAL PLANNING IN UNICREDIT BANK RUSSIA

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  1. FINANCIAL PLANNING IN UNICREDIT BANK RUSSIA

  2. AGENDA • About a company • Budget process before implementation • Project targets and scope • Selection of solution • Project roadmap • Project results • Development of the system

  3. About a company • UniCredit Bank: in Russia since 1989 (International Moscow Bank before 2007). Starting from 2005 Bank is part of UniCredit Group • Key performance indicators: • 106 branches in Russia and 1 Representative office in Belarus • Around 4 000 employee • More than 1 495 000 retail customers * • More than 30 800 corporate clients • Ratings: BBB (Fitch), ВВВ- (Standard & Poor’s) • Total assets: RUR 941.50 billion * • Equity: RUR 140.53 billion * • UniCredit Bank has General Licence for banking operations №1 of Bank of Russia • *As of 30.06.3014.

  4. Budget process before implementation of Oracle Hyperion Planning • Tool • Microsoft Excel model based on collection of Excel spreadsheets and Pivot tables as aggregation tool • Limitations • Relatively long term budget cycle • Low number of iteration during coordination of budget data • Significant time constraints for support and administration of model • Not sufficient granularity of the model • Lack of data quality, necessity to input same data several times for usage in different parts of the model • Solution • Implement modern IT system to eliminate limitations mentioned above and realize management requirements foe reporting and budget processes

  5. Targets and scope of the project • В части обеспечения процесса бюджетного процесса • Decrease resources required for technical calculation of the model • Increase detailing of budget information • Create united budget information sphere and support simultaneous work of users in the model • Automate budget coordination process • Implement Plan – Actual analysis • Develop reporting portal with pre defined and ad-hoc reports for different categories of users • Develop Forecast model

  6. Selection of Solution • IT TOOL • Criteria: • Usability for end users • Powerful modelling and analysis tools • Time and sources for implementation • Simple build in data integration tools • Reporting system • Total cost of ownership • Choice: Oracle Hyperion Planning • VENDOR • Criteria: availability of highly qualified project team with experience of successful project implementation with similar complexity • Choice : LANIT

  7. Project Roadmap • Terms • Start: April 2003 • Finish: December 2003 • Project phasesworking days • 1. Coordination of methodology 43 • 2. Development 86 • 3. Testing phase 44 • 4. Commercial operation 24 • Project team • LANIT team: 3-5 persons depended on project phase • Bank team: 3 persons • Budget of the project • In line with initially approved budget

  8. Project Results • Results: • Implementation od Budget system based on Oracle Hyperion planning • Trained users and administrators of the model • Integration of Budget system with management information system • Budget 2004 was formed in new system • Main modules of Budget model: • Planning of business in detailed per clients, units and products based on funding transfer pricing principles • Administrative expenses are planned on units level • HR expenses are planned on personal level • Allocation of expenses from cost centres to profit centres • Profit sharing agreements • Financial and management reporting • Liquidity and interest Gap analysis • Forecast

  9. UCBR Budgeting Model Actual data import (monthly) Forecasting (top-down, bottom-up) Data Input Financial statements: Balance sheet GAE Planning Profit & Loss ICT Budget, Premises Budget… Bank’s products planning GAP analysis Applying FTP policy Shadow accounting Cost allocations Management accounting: Profit-center profitability Business Area Report

  10. Budget model Support • Budget system is supported by Planning team with involvement of IT for granting users access and HW support • Update of model is done by Planning team: • Modification of dimensions • Update and development of calculation scripts • Development of new data input forms • Development of new reporting forms

  11. Bank Development

  12. Budget Approach Development Bottom-Up Top-Down 12

  13. Budget Structure Development

  14. Questions?

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