Lost in the data blizzard?

Dmitry Faybysh, CEO and founder of The Glenture Group LLC, gives his views on how the alignment of technology solutions and business strategy can help achieve essential operational efficiencies.

Legacy conversions to SAP Business Objects Planning & Consolidation yielded outstanding results for a multibillion-dollar, 11,000 employee financial services company. Recently, a multibank holding company, with presence in the western United States operating eight bank subsidiaries with a total of more than 500 branches in 10 states, needed to reduce time spent on budgeting process, view timely reports and incorporate value-added analysis for users and management and obtain company-wide analysis and reporting to 'get to the facts quickly'. The Glenture Group LLC replaced their legacy system, which was slated to be sunset, with the latest version of SAP Business Objects Planning & Consolidation.

The objectives of the SAP Business Objects Planning & Consolidation conversion were to expand views of information across companies, gain control over reliability, consistency and accuracy of data and simplify the budgeting process.

The SAP Business Objects Planning & Consolidation implementation provided the customer with exceptional benefits including timely, accurate and dynamic data, a 50 percent reduction in time spent on the budgeting process, enhanced views providing ability to identify risks and opportunities by cost center, consistent and standardized application tools available across all facilities, rapid adoption due to Excel-based interface, customized business process flows and efficient data hierarchies and roll-ups to facilitate and support unique reporting requirements.

Founded in 2001, The Glenture Group, LLC delivers a unique set of tools and skills to clients that quickly reveal straightforward business-critical analytics that are sometimes lost in the data blizzard most organizations have built through their transaction and enterprise risk performance systems. Glenture helps organizations take simple steps through the journey of converting complex, cumbersome and unresponsive information systems into connected knowledge assets. Glenture is a partner of SAP/business objects and offers BI and EPM implementation services internationally.

Glenture brings deep experiences that encompass all areas of strategic management including strategy, planning, dashboarding/business intelligence and management practices. Each area is developed with full integration in mind. Glenture's projects enable the future by using the most up-to-date, integrated processes. Most information technology applications are under-utilized or are ineffectively implemented, and in most cases 80 percent of the value can be extracted with 20 percent of the investment. With this approach, our clients receive better ROI, faster results and more engagement by using what people already own and feel committed to.

Glenture serves SAP clients in retail, healthcare, hospitality/services, financial services and manufacturing verticals ranging in revenue from $200 million to $13 billion. Glenture's biggest asset is its employees. Glenture's people have multi-layered experience, breadth of capabilities and commitment to the cause.

BIO

Dmitry Faybysh is CEO and Founder of The Glenture Group LLC. Faybysh brings 18 years of experience in consulting world-class clients to Glenture. In addition to being a Certified Public Accountant, Faybysh earned an MBA from Lake Forest Graduate School and a Bachelors of Science in Accounting from DePaul University.