Finance transformation strategy

Company overview

The RBS Group (RBS) is a UK-based Banking and Financial Services company. Headquartered in Edinburgh, the Group operates in the United Kingdom, Europe, the Middle East, the Americas and Asia, serving over 30 million customers worldwide.

The Group provides a wide range of products and services to personal, commercial and large corporate and institutional customers through its two main subsidiaries, The Royal Bank of Scotland and NatWest, as well as through a number of other well-known brands including Citizens, Charter One, Ulster Bank, Coutts, Direct Line and Churchill.

Situation

Mandeep Hansra, Head Finance Solution Design and Architecture – FiRST, The Royal Bank of Scotland Group, outlined the situation before the Hyperion DRM Health Check was conducted:

“RBS has been in the process of implementing Hyperion DRM for a number of years. We are keen to maximise our investment in the technology and to conform to best practice.

We asked Seismi to evaluate our current approach and to document the relationships and key data entities which interacted with our Hyperion DRM instances. We needed to understand all data sources and downstream systems to identify key risks, issues or enhancements. We asked them to categorise the proposed enhancements into those that can be implemented quickly to improve the current implementation of Hyperion DRM and those that should be included in a longer term strategic solution”

Our Objectives

Understand

To understand the scope of the current implementations and the strategic positioning of Hyperion DRM at RBS;

Identify

To identify any potential enhancements to the current applications;

Document

To identify and document any potential risks or issues with the current implementation

Recommend

To provide a set of recommendations to help RBS move towards a strategic approach to their financial masterdata

Solution

“The knowledge and expertise that Seismi provided has helped us to understand the risks and issues with our current process.

The review was detailed, wide ranging and conducted in a professional and logical manner.

The output from the review was documented in a clear and concise format and has proved valuable as we look to understand how we should progress with our Hyperion DRM implementation.

Seismi demonstrated a detailed understanding of the Oracle EPM product set and provided us with a comprehensive set of recommendations which will help us define our masterdata strategy.”

Why Chose Seismi?

  • Oracle Essbase
  • Oracle Planning
  • Oracle DRM
  • Oracle FDMEE

“Seismi made a valued contribution to our transformation programme, demonstrating a detailed understanding of the Oracle EPM product set and helping us define our master data strategy”

Head of Solution Design
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