Business Objects-Allied Irish Banks
Allied Irish Banks (AIB) is Irelands leading bank and financial services organization. The major challenge this large financial organization was facing was that their current activity-based management (ABM) software did not provide the level of insight desired about the end-to-end process costs of common business activities, such as processing and managing loans.
Vendor: Business Objects
Customer: Allied Irish Banks www.aib.ie
Technology Used: SAP BusinessObjects Profitability and Cost Management application
Solution: Allied Irish Banks (AIB) is
The major challenge this large financial organization was facing was that their current activity-based management (ABM) software did not provide the level of insight desired about the end-to-end process costs of common business activities, such as processing and managing loans. Allied Irish Banks began looking for a simplified solution that would provide managers with an accurate end-to-end costing model. They also wanted a program that would simplify processes across branches and manage multiple units using one costing model.
Allied Irish Banks decided to deploy the SAP BusinessObjects Profitability and Cost Management application. They chose this Web-based end-to-end costing solution for several reasons, including its flexibility, its powerful calculation engine, and its ease of use and maintenance.
One of the most significant business benefits of implementing the BusinessObjects costing solution is that it has allowed AIB employees to make more insightful business decisions. The program can rapidly identify underlying causes of changes in organization costs and profitability, and the impact of potential adjustments can easily be tested. Through using the program, Allied Irish Banks has gained a clearer picture into the true costs of running a business, and the bank's costs and profits can be more closely managed and optimized. Perhaps most impressive, however, is that the BusinessObjects solution has already paid for itself many times over.
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