System and method for financial transformation

• US 9,092,824 B2
• Filed: 10/01/2008
• Issued: 07/28/2015
• Est. Priority Date: 10/01/2008
• Status: Expired due to Fees

• Current Assignee: International Business Machines Corporation
• Original Assignee: International Business Machines Corporation
• Inventors: Akkiraju, Rama K. T., Danturthy, Sivaprashanth V., Ding, Wei, Jiang, Shun, Lee, Juhnyoung, Mohan, Rakesh, Nordman, Carl B., Singala, Hitansh, Sundhararajan, Ponn Janaarthanan, Tian, Chun Hua
• Primary Examiner(s): Miller, Alan S
• Application Number:
  US12/243,811
• Publication Number:
  US 20100082407A1
• Time in Patent Office: 2,491 Days
• Field of Search: 705 711- 742
• US Class Current: 1/1
• CPC Class Codes: G06Q 10/06 Resources, workflows, human or project management; Enterprise or organisation planning; Enterprise or organisation modelling
• CPC Class Codes: G06Q 10/0637 Strategic management or analysis, e.g. setting a goal or target of an organisation; Planning actions based on goals; Analysis or evaluation of effectiveness of goals
• CPC Class Codes: G06Q 10/06393 Score-carding, benchmarking or key performance indicator [KPI] analysis
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

Financial transformation in one aspect establishes a hub and spoke network of models including at least a process model as the hub and at least components model, value driver model, applications model, solutions models as the spoke connected to the process model. A plurality of correlations is inferred among said models using daisy-chain analysis that navigate the hub and spoke network of models, and heat map is generated. Heat map analysis, application shortfall analysis, organization shortfall analysis, solution analysis, and business case analysis are performed.

Claims

1. A computer implemented method for providing a graphical user interface to perform financial transformation, comprising:

establishing a hub and spoke network of models including at least a process model as the hub and at least components model, value drivers model, applications model, solutions models as the spoke connected to the process model,

the establishing including providing a mapping editor allowing a user to select a source model and a target model via the graphical user interface on a display device that presents a plurality of nodes under the source model in a tree view and a plurality of nodes under the target model in a tree view, the target model being the business process model, wherein the user is enabled to map one or more of the plurality of nodes under the source model and one or more nodes of the plurality of nodes under the target model by selecting one or more leaf nodes of the plurality of nodes under the source model and one or more of the plurality of nodes under the target model on the graphical user interface;

inferring, by a processor, a plurality of correlations among said models using daisy-chain analysis that navigates the hub and spoke network of models;

generating heat map and performing analysis on the heat map;

performing application short fall analysis, the shortfall analysis including at least selecting application, overlaying application, and identifying application shortfall;

performing organization shortfall analysis, the organization shortfall analysis including at least selecting organization unit, overlaying organization unit, and identifying organization shortfall;

performing solution analysis, the solution analysis including at least reviewing shortfall, selecting solution and analyzing solution; and

performing business case analysis, the business case analysis including at least a combination of CBM analysis and benchmarking data-based business case analysis with financial metrics.

2. The method of claim 1, wherein the financial metrics include at least NPV, IRR and ROI.

3. The method of claim 1, wherein the step of establishing includes:

providing a template for each of said models;

allowing a user to create said models using the templates.

4. The method of claim 3, wherein the step of establishing further includes:

populating said template for each of the models with default data associated with a selected enterprise.

5. The method of claim 4, wherein the default data includes historical data associated with financial information, organizational information of the selected enterprise and computer applications used in the selected enterprise.

6. The method of claim 1, further including identifying business transformation initiatives and assessing one or more benefits of the business transformation initiatives base on the steps of performing.

7. The method of claim 6, wherein the identifying the business transformation initiatives includes analyzing an entity'"'"'s one or more of operational metrics, IT applications, organizational structure, and business processes hierarchy.

8. The method of claim 7, wherein one or more of the business transformation initiatives are automatically identified and suggested for a selected pain point and business objectives including financial targets, the pain point and the business objectives being an area where the entity is identified as underperforming in comparison to its peers, similarly industry, or one or more expectations set by the entity, or combinations thereof.

9. The method of claim 8, wherein said one or more benefits of business transformation initiatives are assessed based on impact on improvements to process, IT landscape, and organizational structure as measured by one or more metrics.

10. The method of claim 9, wherein the improvements to process, IT landscape, organizational structure improvements are assessed by comparing as-is values of corresponding metrics of the entity with best practice metrics as gathered from interviews of said peers, similarly industry, or one or more expectations set by the entity, or combinations thereof.

11. The method of claim 10, further including storing the improvements for a selected entity and the benchmarked data-based business case analysis to enable automation of benefits calculation.

12. The method of claim 11, wherein the benefits calculation includes costs and investments apart from the benefits obtained via process, IT landscape, and organizational enhancements.

13. The method of claim 12, wherein the costs and investments used for implementing the transformation initiatives are user-provided, pre-computed based on historical and empirical data, or combinations thereof.

14. The method of claim 13, wherein benefits calculation includes computing financial metrics.

15. The method of claim 14, wherein the financial metrics include at least one of Net Present Value, Internal Rate of Return, Return on Investment, break-even analysis, or combinations thereof.

16. The method of 15, further including using the benefits calculation to refine the business transformation initiatives to optimize an investment portfolio of the entity.

17. A computer implemented method for providing a graphical user interface to perform financial transformation, comprising:

establishing a hub and spoke network of models including at least a process model as the hub and at least components model, value drivers model, applications model, solutions models as the spoke connected to the process model;

providing a model mapper editor to allow mapping of a plurality of components of said models, the mapping editor allowing a user to select a source model and a target model via the graphical user interface on a display device that presents a plurality of nodes under the source model in a tree view and a plurality of nodes under the target model in a tree view, the target model being the business process model, wherein the user is enabled to map one or more of the plurality of nodes under the source model and one or more nodes of the plurality of nodes under the target model by selecting one or more leaf nodes of the plurality of nodes under the source model and one or more of the plurality of nodes under the target model on the graphical user interface;

providing a computer-implemented module executing on a processor and that infers a plurality of correlations among said models, using daisy-chain analysis that navigates the hub and spoke network of models;

providing a computer-implemented module that generates heat map and perform analysis on the heat map;

providing a computer-implemented module that performs application short fall analysis, the shortfall analysis including at least selecting application, overlaying application, and identifying application shortfall;

providing a computer-implemented module that performs organization shortfall analysis, the organization shortfall analysis including at least selecting organization unit, overlaying organization unit, and identifying organization shortfall;

providing a computer-implemented module that performs solution analysis, the solution analysis including at least reviewing shortfall, selecting solution and analyzing solution; and

providing a computer-implemented module that performs business case analysis, the business case analysis including at least a combination of CBM analysis and benchmarking data-based business case analysis with financial metrics.

18. The method of claim 17, wherein the financial metrics include at least NPV, IRR and ROI.

19. The method of claim 17, wherein the step of establishing includes:

providing a template for each of said models;

allowing a user to create said models using the templates.

20. The method of claim 19, wherein the template for each of the models is operable to be populated with default data associated with a selected enterprise.

21. The method of claim 20, wherein the default data includes historical data associated with financial information, organizational information of the selected enterprise and computer applications used in the selected enterprise.

22. The method of claim 17, further including providing a computer-implemented module that identifies business transformation initiatives and assess one or more benefits of the business transformation initiatives base on the steps of performing.

23. The method of claim 17, further including providing a computer-implemented module that enables automation of benefits calculation.

24. The method of claim 23, wherein the benefits calculation includes costs and investments apart from the benefits obtained via process, IT landscape, and organizational enhancements.

25. The method of claim 24, further including providing a computer-implemented module that refines the business transformation initiatives to optimize an investment portfolio of the entity using the benefits calculation.

26. A non-transitory program storage device readable by a machine, tangibly embodying a program of instructions executable by the machine to perform a method of providing a graphical user interface to perform financial transformation, comprising:

establishing a hub and spoke network of models including at least a process model as the hub and at least components model, value drivers model, applications model, solutions models as the spoke connected to the process model,

the establishing including providing a mapping editor allowing a user to select a source model and a target model via the graphical user interface on a display device that presents a plurality of nodes under the source model in a tree view and a plurality of nodes under the target model in a tree view, the target model being the business process model, wherein the user is enabled to map one or more of the plurality of nodes under the source model and one or more nodes of the plurality of nodes under the target model by selecting one or more leaf nodes of the plurality of nodes under the source model and one or more of the plurality of nodes under the target model on the graphical user interface;

inferring a plurality of correlations among said models using daisy-chain analysis that navigates the hub and spoke network of models;

generating heat map and performing analysis on the heat map;

performing application short fall analysis, the shortfall analysis including at least selecting application, overlaying application, and identifying application shortfall;

performing organization shortfall analysis, the organization shortfall analysis including at least selecting organization unit, overlaying organization unit, and identifying organization shortfall;

performing solution analysis, the solution analysis including at least reviewing shortfall, selecting solution and analyzing solution; and

performing business case analysis, the business case analysis including at least a combination of CBM analysis and benchmarking data-based business case analysis with financial metrics.

27. A non-transitory program storage device readable by a machine, tangibly embodying a program of instructions executable by the machine to perform a method of providing a graphical user interface to perform financial transformation, comprising:

establishing a hub and spoke network of models including at least a process model as the hub and at least components model, value drivers model, applications model, solutions models as the spoke connected to the process model;

providing a model mapper editor to allow mapping of a plurality of components of said models, the model mapper editor allowing a user to select a source model and a target model via the graphical user interface on a display device that presents a plurality of nodes under the source model in a tree view and a plurality of nodes under the target model in a tree view, the target model being the business process model, wherein the user is enabled to map one or more of the plurality of nodes under the source model and one or more nodes of the plurality of nodes under the target model by selecting one or more leaf nodes of the plurality of nodes under the source model and one or more of the plurality of nodes under the target model on the graphical user interface;

providing a computer-implemented module that infers a plurality of correlations among said models using daisy-chain analysis that navigates the hub and spoke network of models;

providing a computer-implemented module that generates heat map and perform analysis on the heat map;

providing a computer-implemented module that performs application short fall analysis, the shortfall analysis including at least selecting application, overlaying application, and identifying application shortfall;

providing a computer-implemented module that performs organization shortfall analysis, the organization shortfall analysis including at least selecting organization unit, overlaying organization unit, and identifying organization shortfall;

providing a computer-implemented module that performs solution analysis, the solution analysis including at least reviewing shortfall, selecting solution and analyzing solution; and

providing a computer-implemented module that performs business case analysis, the business case analysis including at least a combination of CBM analysis and benchmarking data-based business case analysis with financial metrics.

28. A system for providing a graphical user interface to perform financial transformation, comprising:

one or more processors;

a module that establishes a hub and spoke network of models including at least a process model as the hub and at least components model, value drivers model, applications model, solutions models as the spoke connected to the process model;

a model mapper editor to allow mapping of a plurality of components of said models, the model mapper editor allowing a user to select a source model and a target model via the graphical user interface on a display device that presents a plurality of nodes under the source model in a tree view and a plurality of nodes under the target model in a tree view, the target model being the business process model, wherein the user is enabled to map one or more of the plurality of nodes under the source model and one or more nodes of the plurality of nodes under the target model by selecting one or more leaf nodes of the plurality of nodes under the source model and one or more of the plurality of nodes under the target model on the graphical user interface;

a module executing on the one or more processor and that infers a plurality of correlations among said models using daisy-chain analysis that navigates the hub and spoke network of models;

a module that generates heat map and perform analysis on the heat map;

a module that performs application short fall analysis, the shortfall analysis including at least selecting application, overlaying application, and identifying application shortfall;

a module that performs organization shortfall analysis, the organization shortfall analysis including at least selecting organization unit, overlaying organization unit, and identifying organization shortfall;

a module that performs solution analysis, the solution analysis including at least reviewing shortfall, selecting solution and analyzing solution; and

a module that performs business case analysis, the business case analysis including at least a combination of CBM analysis and benchmarking data-based business case analysis with financial metrics.

29. The system of claim 28, further including a module that identifies business transformation initiatives and assesses one or more benefits of the business transformation initiatives base on the steps of performing.

30. The system of claim 29, further including a module that enables automation of benefits calculation.

31. The system of claim 30, wherein the benefits calculation includes costs and investments apart from the benefits obtained via process, IT landscape, and organizational enhancements.

32. The system of claim 31, further including a module that refines the business transformation initiatives to optimize an investment portfolio of the entity using the benefits calculation.