![Page 1: IBM BC2015 - EF – better and faster forecasting with IBM Analytics](https://reader033.vdocuments.mx/reader033/viewer/2022051502/58ede93c1a28ab6f1a8b460b/html5/thumbnails/1.jpg)
About EFEF Education First was founded in Sweden in 1965 by a young entrepreneur named Bertil Hult. The concept was straightforward: take local high school students to England to learn English. It was a simple business idea—on-site language and cultural studies—but one with an enormous future.
![Page 2: IBM BC2015 - EF – better and faster forecasting with IBM Analytics](https://reader033.vdocuments.mx/reader033/viewer/2022051502/58ede93c1a28ab6f1a8b460b/html5/thumbnails/2.jpg)
Opening the World through EducationEF Education First is an international education company focusingon language, academics, and cultural experience.
50+Countries with EF operations
40K 500
1EF staff,
educators& Tour Directors
EF schools& offices
Global mission
![Page 3: IBM BC2015 - EF – better and faster forecasting with IBM Analytics](https://reader033.vdocuments.mx/reader033/viewer/2022051502/58ede93c1a28ab6f1a8b460b/html5/thumbnails/3.jpg)
Olivier M. BonominiHead of Business EngineeringEF GroupBased in Zurich / SwitzerlandPrevious Roles:Financial System Manager, EFFinancial Manager, EF
Martin N. ZehnderVice President Financial Analysis & SystemsEF LanguageBased in Zurich / Switzerland Previous Roles:VP Planning & Strategy APP, EFManager Controlling & Reporting, DHL Switzerland (Logistics)Senior Business Analyst, The Nuance Group Europe (Airport Retail)
Presenters
![Page 4: IBM BC2015 - EF – better and faster forecasting with IBM Analytics](https://reader033.vdocuments.mx/reader033/viewer/2022051502/58ede93c1a28ab6f1a8b460b/html5/thumbnails/4.jpg)
Challenges
• Time consumption of budgeting process• Number of versions and files• Data storage• Updates and modifications of models and
processes
![Page 5: IBM BC2015 - EF – better and faster forecasting with IBM Analytics](https://reader033.vdocuments.mx/reader033/viewer/2022051502/58ede93c1a28ab6f1a8b460b/html5/thumbnails/5.jpg)
Organization and Requirements
Flat hierarchy/Growing business=> segregated ownership=> detailed budget structure => complexity
Flexibility <> Standardization <> Maintainability <> Simplicity
![Page 6: IBM BC2015 - EF – better and faster forecasting with IBM Analytics](https://reader033.vdocuments.mx/reader033/viewer/2022051502/58ede93c1a28ab6f1a8b460b/html5/thumbnails/6.jpg)
TM1 solution:
• Internet platform (one version, flexible structure)
• Fast calculation performance• Completeness/Rules set• Integrated workflow (distribution, email,
reminders, approval)• Security (Very detailed plus window
login)• Consolidation automatically• Historical data flexible, drill through and
down• More flexibility create reports/
comparisons/modifications• Forecast/Scenarios calculations possible• Newest Actual vs. budget comparison
available at any time, no preparation• High integration with the systems level,
data stored in database
Excel model vs TM1Excel template solution:
• Excel files (version, static structure)• Slow calculation performance (large
models)• Completeness/Rules, changes• Workflow management (distribution,
collection, email)• Security not ideal, not flexible• Consolidation manually• Historical data pre-set and limited• Reports/comparisons/modifications
cumbersome to implement (fixed model)
• Forecast/Scenarios limited (amount of data)
• Actual vs. budget comparison on request, preparation time consuming
• Low integration with the systems, data stored in files
![Page 7: IBM BC2015 - EF – better and faster forecasting with IBM Analytics](https://reader033.vdocuments.mx/reader033/viewer/2022051502/58ede93c1a28ab6f1a8b460b/html5/thumbnails/7.jpg)
Source Complexity
Envisioned Development Direction TM1
Budgeting Process Integration
Business Decission Tool
• Sales• Production• Allocations
• Pricing Processing• Dynamic Analysis • Other Financial
Support Processes
Analysis Opportunity
Efforts
+ =
![Page 8: IBM BC2015 - EF – better and faster forecasting with IBM Analytics](https://reader033.vdocuments.mx/reader033/viewer/2022051502/58ede93c1a28ab6f1a8b460b/html5/thumbnails/8.jpg)
Implementation / Development• Analysis of the business models and excel
solutions• Conversion /Implementation by module and
division• Interlinking of parallel processes• Enhancement of functionalities • Training with the stake holdersAnalysis /
Modelling
Implementation / Testing
Training / Instructions
Compilation / Feedback
![Page 9: IBM BC2015 - EF – better and faster forecasting with IBM Analytics](https://reader033.vdocuments.mx/reader033/viewer/2022051502/58ede93c1a28ab6f1a8b460b/html5/thumbnails/9.jpg)
Current model• 800 users in 5 divisions with 20 different
designations
• P/L forecasting• Actuals vs. budget• Workflow with email notifications• Allocations (cross division, cross module)• Pricing (including competitor analysis)• Scenarios analysis (e.g. sales patterns)
![Page 10: IBM BC2015 - EF – better and faster forecasting with IBM Analytics](https://reader033.vdocuments.mx/reader033/viewer/2022051502/58ede93c1a28ab6f1a8b460b/html5/thumbnails/10.jpg)
Overview
![Page 11: IBM BC2015 - EF – better and faster forecasting with IBM Analytics](https://reader033.vdocuments.mx/reader033/viewer/2022051502/58ede93c1a28ab6f1a8b460b/html5/thumbnails/11.jpg)
Completeness
![Page 12: IBM BC2015 - EF – better and faster forecasting with IBM Analytics](https://reader033.vdocuments.mx/reader033/viewer/2022051502/58ede93c1a28ab6f1a8b460b/html5/thumbnails/12.jpg)
Interconnection - Impact
![Page 13: IBM BC2015 - EF – better and faster forecasting with IBM Analytics](https://reader033.vdocuments.mx/reader033/viewer/2022051502/58ede93c1a28ab6f1a8b460b/html5/thumbnails/13.jpg)
Flexibility
![Page 14: IBM BC2015 - EF – better and faster forecasting with IBM Analytics](https://reader033.vdocuments.mx/reader033/viewer/2022051502/58ede93c1a28ab6f1a8b460b/html5/thumbnails/14.jpg)
Challenges and successes
• Mirror the business model• Flexibility vs. standardization
• Improved the data quality• Completeness• Shortened compilation time of reporting• Analyses time • New results available for business decisions