“We make technology and

provide solutions that allow people to

process, analyse and understand

complex and large amounts of data…

quickly simply and cost effectively”

Approximately 70 million cups of coffee are consumed in the UK every day

We don't need to get too involved in the technical details about how coffee is made

… but we sure hate to get a bad cup

From Bean to Cup...

If we made coffee in the same way as we crunch data…

… would it be too cold?… would you send it back?… how would it taste?… headache or worse?

Standard Processes

Where’s The Pain? (The Usual Suspects)

ReceivablesExpensesAllocationsPlanningReconciliationsAdjustmentsMgmt ReportingConsolidationsExternal Reporting

Insurance-SpecificReservingQuota-shareBordereau ProcessingSolvency IIIPTClaims AnalysisReinsuranceProfit CommissionsRecoverables

Symptoms include over-reliance on spreadsheets, quality issues and long solution delivery times

(not on the list? Please let us know afterwards!)

The Enterprise Toolkit

We find that many processes are not well served by either spreadsheets, nor by centralised Business Intelligence and Reporting systems. Some clear challenges emerge:

Desktop Tools (Excel, Access) Server Tools (Bus Intelligence, GL, Reporting Systems…)

Lack of clear audit trail and evidence of process High technical barrier to automating most processes

Requires constant manual intervention Often requires multiple systems and teams

Inadequate for data processing tasks Functionality is too narrow for most users

Process delegation is difficult (skills / experience gap) Skills shortage because of specialist skills needed

Agility without control Lack of agility causing long solution delivery times

Common Challenges

Re-inventing the wheel

Solution Delivery and Support

Black box Syndrome

High Data Volume and Complexity

PERFORMANCE

Question…

“So, Are we using the right tools for the

work we do?”

What do we REALLY DO?

Four main data activities followed by analysis:

feedback loop

Data Acquisition

Validation

Data Processing

Presentation

Analysis, Review, Decision-making

Low

High

Value £’s t

Med

80%

20%

What Do We Need?

Why?

Agility Deliver and update processes quickly and cost-effectively

Controls Processes must run securely and in a controlled way

Data Access Immediate, fast access to data

Delegation Experienced staff must be empowered to delegate

Audit Trail So we know how our numbers are calculated and where they come from

Interactive Tools Users can interact with data and data processes easily

QA Detect, prevent and recover from data and process errors quickly

Support Reduce downtime – users must know who to call and what to tell them

User-friendly Users want tools that are user-friendly and intuitive to the tasks they do

RUN PROCESSES RELIABLY WITH A SINGLE CLICK

Welcome to ORYX

By combining a powerful toolkit with a robust controlled environment, ORYX puts the best of spreadsheet and traditional business system design onto the desktop,

delivering true on-demand analysis.

How ORYX Benefits Our Clients

ORYX BenefitsTrue Automation Reduce up to 95% of process timeFewer Spreadsheets Less reliance on spreadsheets for routine number-crunchingEffective Delivery Rapid internal / external project and feature deliveryBuilt-in QA Processes are self-validating, improving quality of outputNew insights Senior staff spend more time understanding the businessHigh Performance ORYX is tuned for maximum performance, out-of-the-boxReduced Costs Solutions are developed at a fraction of the usual costProcess Visibility Reduce the black boxes in your organisation, improving auditabilityReduced Risk With better quality reporting and a more productive review cycle

The Result

A short, value-focused

implementation delivers an

outstanding ROI

Success Stories

Project ORYX BenefitsPlanning • Replaced Excel/Access-based planning tool with an ORYX solution

• Process owner can configure budget rules as required• Merged UW and Expense plan creation into a single click process• Multiple plan versioning, with version comparisons• Continuous forecasting• Comprehensive analytics and automated reporting• Full income statement, balance sheet and cash flow plan output• Planning in original currency

Expense Allocations/ Reporting

• Rules-based allocation model• Exception reports showing transactions that could not be allocated• Automatic journal creation and reconciliation• Full reporting and drilldown to detailed transaction level• Automated all Cost / Profit Centres reports to a single click

Some Other Projects • Reserving / IBNR• Quota Share computations• System / GL reconciliations• IPT Transaction Matching

• Bordereaux Processing• Receivables Reconciliation• Finance database design /

implementation