Wealth Management | Profitability Analysis Business Case
Leading Wealth Management with a suite of ready-to-use dynamic and intuitive dashboards directly connected with your numerous banking data such as Avaloq, OLYMPIC Banking System, Allocare AMS, etc.
Pains
- Reports are Manual
- Reports are Excel based
- No transparency on calculated figures
- Business figures are not available at all organization level (BU, Market, Entity, Desk, RM, etc.)
- Revenues are aggregated on a monthly or quarterly basis only
- Important analytical revenues gap
- No analytical book-keeping to provide recurring and non-recurring revenues
- No costs allocation to provide direct and indirect costs
- Rewarding the commercial units is complex
- No strategy follow-up
Gains
- Digitalization of the Wealth Management Costs & Revenues Business Model
- Figures are available at all level of the organization : business line, market, desk, RM, EAM, Person, Client, Portfolio, etc.
- Automatic data integration on a daily basis (including data reconciliation)
- Distinction between ‘new business (new customers)’ and ‘current business (existing customers)’ for all figures
- A ‘Revenue & Cost Allocation Engine‘ allows to allocate the revenues & costs to the underlying business lines
- Montlhy, quarterly or yearly revenues & costs such as ‘retrocessions’ for ‘business introducers, agents, EAM, etc.’ are calculated on a daily basis
- A Recognition Engine is available to virtually attribute revenues & costs to the appropriate RM in a multi-book RM approach
Outcome & Benefits
- Time and costs reduction to produce accurate figures
- Common KPI (figures) definition within the whole company: a common language
- Higher transparency to improve the business line’s strategy
- Enhanced forecasting capabilities
- A common intuitive and interactive end-user-experience to answer the ‘next-question’
