Published on 12-Aug-2013
"Branch directors can now be their own financial analysts, implementing strategic planning and budgets on the level at which everything happens, with employees capturing new assets and customers as well as executing on revenue plans." - Mauricio Medina, Financial Planning and Business Intelligence Director, Vector Casa de Bolsa
Vector Casa de Bolsa
BA - Business Analytics, BA - Business Intelligence, BA - Performance Management, Smarter Planet
IBM Business Partner:
Founded in 1974 and based in Garza Garcia, Mexico, Vector Casa de Bolsa, S.A. de C.V. is a stock-brokerage company serving individuals, businesses, institutions, government agencies and foreign investors.
The company needed a way to use current data in near-real time to compare numbers, model budget scenarios and make decisions.
With actual financials generated by branches around the world in near-real time, the company can run models based on different variables to determine future budgets and examine other financial situations.
Reduces the length of budget cycles by 80 percent and provides a holistic view of the organization for all 70 of its business unit directors.
Founded in 1974 and based in Garza Garcia, Mexico, Vector Casa de Bolsa, S.A. de C.V. is a stock-brokerage company serving individuals, businesses, institutions, government agencies and foreign investors. The company offers mutual-fund management, money-market options, risk-coverage and risk-management solutions, loans, money exchange, investment banking, corporate-finance services and recordkeeping systems, among others. It also provides financial news, research and analysis. In addition, the organization offers Internet-based financial services such as stock buying and selling, mutual-fund buying and selling, and cash-transaction instructions. Vector generates annual revenue of approximately MXN1.053 trillion.
In emerging markets, making accurate financial decisions and creating budgets that remain relevant can be a challenge. Companies must anticipate financial outcomes so that future growth happens cost-effectively and at the right speed. At one investment company in Mexico, business was booming, but the company’s financial planning and forecasting couldn’t keep pace because planners had to rely on manual analysis and guesswork based on incomplete data from branches. The company needed a way to use current data in near-real time to compare numbers, model budget scenarios and make decisions.
What Makes It Smarter
How can a company plan budgets and make financial decisions when figures change constantly? One Latin American company does so using scenario modeling to predict financial outcomes in advance. With actual financials generated by branches around the world in near-real time, the company can run models based on different variables to determine future budgets and examine other financial situations. Branch directors can also create and run these models for their individual operations, helping them predict outcomes and create accurate budgets based on clear financial planning and budgeting methodologies.
Real Business Results
• Reduces the length of budget cycles by 80 percent
• Provides a holistic view of the organization for all 70 of its business unit directors
• Helps stakeholders view, change and analyze information in near-real time
For More Information
Please contact your IBM representative or IBM Business Partner. Visit us at ibm.com/Cognos.
To learn more about Vector Casa de Bolsa, visit www.vector.com.mx.
Products and services used
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