Victoria Treasury: Streamlining Finance with Yellowfin
公司规模
Mid-size Company
地区
- Pacific
国家
- Australia
产品
- Yellowfin
技术栈
- Business Intelligence (BI)
- Action-based Dashboards
- Automated Monitoring
实施规模
- Enterprise-wide Deployment
影响指标
- Productivity Improvements
- Digital Expertise
技术
- 分析与建模 - 预测分析
- 功能应用 - 企业资源规划系统 (ERP)
适用行业
- 金融与保险
适用功能
- 商业运营
用例
- 过程控制与优化
服务
- 软件设计与工程服务
- 系统集成
关于客户
Treasury Corporation of Victoria (TCV) is the central financing authority and financial adviser for the State of Victoria and authorized entities, providing financing solutions and treasury services such as cash management products, financial advisory, and risk management. Founded in 1993, TCV assists the State in managing the various monetary requirements necessary to fund Victorian infrastructure projects, finding investors and managing the funds for distribution to relevant departments across the state. In 2018, Treasury Corporation of Victoria began to investigate their options around an appropriate business intelligence (BI) solution. Like most businesses, the financing authority wanted to accomplish more with the wealth of information and reporting it had and reduce the time and manual effort staff spent performing data collection and analysis. Choosing Yellowfin, it has now modernized its analytics and reduced manual process significantly, and unlocked several new and exciting opportunities.
挑战
TCV reports off a number of datasets, including financial performance, funding and liquidity, profit, market risks and risk metrics of how the business runs, with one large treasury system that is the main feed and several others running into it. With many data sources and reports to accommodate, its team needed a BI solution that could offer a level of automation, consolidation and streamlining to bring together key datasets and improve the efficiency of self-service BI fast. It spent three months researching its options before choosing Yellowfin based on its action-based dashboards and automated monitoring capabilities. However, TCV faced challenges in preparing users and establishing expectations around the tools. “The learning curve for us is to get our databases a bit more defined,” said Mike van de Graaf, General Manager of Risk and Performance Measurement, in charge of risk across the business. “We’re in one spot, have one set of systems, but it took six months to nail all the definitions and agree across the different user groups. If you’re going to use a certain number [of tools] to report, do you adjust for it? How do you adjust for it? How does that process work? For example.” “So we had to really go back and document that a bit more and take end-user ownership over data sources. But it was really easy once [Yellowfin] was plugged in – we got going very quickly.”
解决方案
Treasury Corporation of Victoria is a small-to-mid sized organization with 50 staff. Upon Yellowfin’s implementation, its group of business users worked hard to get familiar with the new analytics platform and work toward their objective of reducing manual effort and improving efficiencies. “My first goal was to make sure a lot of manually repetitive work was going to be put into reports we could populate automatically to reduce manual workloads, so we could shift from manual BI to analysis – a standard transition for most businesses,” said van de Graaf. “But we really had to get going, as there was a lot more manual work that we did. That was really achieved well and a lot of that is now going through Yellowfin automatically.” TCV’s end-user group quickly became the main adopters of Yellowfin, though its analysts and IT also found it to be an easy transition. “You want [the solution] to be intuitive; I think [Yellowfin] does that very well. We’ve seen other tools needing more training to get people to actually run with it. I like the fact we have people, who have another day job, still use Yellowfin and do specific administrative and technical work because it’s so simple to use.”
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