Integrated data, process and application landscapes for your financial management systems

Complexity, globalization, demographic change and digitalization are the megatrends of our time. They are changing business as we know it. Events and developments are now less predictable and therefore objectives, concepts and tasks increasingly have to be implemented faster. The ability to adapt in all aspects of the organization is thus more important than ever. Powerful financial architectures and systems with data, process and application landscapes are becoming the most important requirements. This requires solutions that are easy to implemented quickly and yet sustainable to tap into cost and automation potentials, while creating efficient structures that meet high standards with regard to quality of data, metrics and processes.

We are your experienced partner for these requirements and develop a roadmap for your goals with our in-depth know-how. This strategy covers all the layers of your financial architecture and takes into account the complex interactions between accounting, controlling, financial and risk management, compliance, governance and reporting. It is intended to create streamlined structures, increase process performance throughout the enterprise and design an integrated data and application infrastructure, which provides consistent data, metrics and reports that are readily accessible at all times. We manage these transformation processes using our methodical framework REFRAME™ according to a clearly defined process that ensures quality and your company's long-term success.

  • Enterprise architecture-finances
  • Data architecture
  • Organization & Governance
  • Processes & Governance
  • Program & Project Management
  • Quality Assurance & Test Management
    • Our services at a glance
    • We understand your organization and take a comprehensive approach

      We are specialized in the holistic optimization of your financial architecture. Using standardized analysis of your organization's business capabilities and their interaction with the business processes and data models, we gain a 360-degree view of the financial architecture in order to redesign it partially or completely. We take into account all the interfaces and interactions between the methods, processes, organization, data and applications, as well as the associated risks and control mechanisms. We integrate interdependencies and feedback in individual functional areas as well as in terms of the underlying application landscapes. We can therefore create a foundation for effective control, continuous improvement processes, agility and sustainability.

      Our services at a glance:

      • Design, development and implementation of agile, integrated financial architectures
      • Flexible architecture design based on our REFRAME™ method
      • Target architecture and strategic approaches to the optimization of methods, processes, data, applications, the organization, risk transparency and control systems
      • Functional architecture framework (business capabilities) and business process framework for the analysis, design and implementation of processes, functionalities, capabilities and methods,
      • Development and optimization of semantic methods and functional models (including key figure trees)
      • Analysis, design, and remodeling of existing data and application landscapes to form homogeneous system landscapes with standardized infrastructures for reporting, and business intelligence (BI)
      • Governance framework for the analysis, design and implementation of optimized business processes with adequate specifications (standards and guidelines), roles and responsibilities
      • Risks & Controls framework for the analysis of business processes with a focus on identifying and assessing risks, establishing adequate controls and embedding them in internal control systems (ICS)
    • Our services at a glance
    • Simplified transparent systems and efficient processes with excellent data quality

      Quality assurance, consolidation and data governance as well as obtaining complete, correct and consistent information throughout the enterprise, quickly transforming this information into key financial and risk indicators, and achieving meaningful reporting and analytical functions are among the major challenges facing many companies in the financial sector.

      We develop solutions to disentangle often barely manageable networks consisting of diverse data silos and transform them into a uniform, centrally manageable data layer. In this process, we simplify the system architecture and data consolidation, thereby realizing significant cost savings. We achieve this by taking a comprehensive view of the business processes, data flows and data models of your company's departments including the associated IT systems. By replacing or minimizing expensive manual data processing procedures and error-prone consolidation steps, we boost data quality and business process efficiency. The foundation for this consists of introducing precise data quality indicators for data control and establishing more effective diagnostic and treatment mechanisms to handle data errors. You can therefore quickly gain qualitatively meaningful data and transform it into centrally accessible information.

      In addition to this, we develop concepts and the necessary target state architectures for the use of data science, which we then implement using the appropriate tools. We thus extend conventional business intelligence and reporting towards business analytics to integrate unstructured data such as text, audio, image and video formats as well as social media into existing data structures, for example. This data can be therefore represented within the overall context and predictive analysis is made possible even using large volumes of data.

      Our services at a glance:

      • Analysis, design and implementation of agile integrated data architectures
      • Resolution of data silos by designing and implementing field-specific (semantic) and logical (technical) data models to harmonize data requirements in various company divisions
      • Replacement of data and method silos via data harmonization, consolidation and integration, as well as representation in a central data warehouse (single source of truth) for source and result data
      • Development and optimization of field-specific (semantic) and logical (technical) data models
      • Data consolidation, data mapping and (analytical) master data management
      • Design, modeling and technical implementation of data landscapes with the integration and optimization of data warehouses, data marts and data aggregates
      • Analysis, design and remodeling of existing data landscapes to include large amounts of data or unstructured data from various data sources for use in data science (big data)
      • Design and implementation of data lineage and impact assessment
      • Data management
      • Data governance
      • Data quality management
    • Our services at a glance
    • We are your partner for effectively integrating changes in your organization

      Governance, organization design and development are key elements of your company's comprehensive change. Within the framework of our projects, we design new team structures and reporting lines, replace functional or silo-oriented structures and ways of working with flexible, process-oriented procedures, and introduce adequate software solutions. Implementing these measures demands a great deal from your employees including acceptance, motivation and learning processes for dealing with change.

      We support you in the integration of new business processes, tools, applications, rules and operations in your employees' day-to-day procedures with effective change management. This also includes targeted communication among management, employees and project teams. It is important to inform stakeholders in your company of change measures and their objectives early in the transformation. Only in this way can you elicit their acceptance, involvement and accountability. We develop training materials for this purpose and train your staff to make adjustment processes as smooth as possible. This helps gain your employees' commitment to ensuring continued operations during and after the transformation, and thus provides you with a sustainable model for success.

      Our services at a glance:

      • Design and implementation of the ideal organizational form with target operating models in the various architectural views (methods, business processes, data and applications)
      • Stakeholder analysis and stakeholder management
      • Design and development of the appropriate roles and responsibilities (RACI matrix)
      • Organizational change management
      • Communication concepts
      • Tailor-made training courses
    • Our services at a glance
    • We create optimized processes with a high level of risk transparency and functional rules

      At the beginning of a transformation project, we take inventory of your processes, regulations and governance in terms of their functionality for your goals and challenges. We identify the processes that may need to be changed, whether existing applications can be integrated, or new software solutions with specific features have to be implemented. In addition to this, we can map existing risks within the framework of process analysis to establish optimally adapted control mechanisms for them. Based on these analyses and findings, we develop a design to optimize your business processes, which generally includes more effective process management with complete process documentation as well as new policies and revised roles and responsibilities.

      Our services at a glance:

      • Design and implementation of holistic process architectures with a high standard of process excellence
      • Documentation, design and optimization of business processes according to the BPMN standard,
      • Design and implementation of optimized process governance roles and responsibilities (e.g. as a RACI matrix)
      • Design and implementation of integrated process management and establishment of continuous improvement processes
      • Development and implementation of change management
      • Design and implementation of controls and integration in internal control systems (ICS)
    • Our services at a glance
    • We manage transformation processes to achieve objectives in an effective and measurable way

      Our program and project management supports the integrated management of the transformation process with the highest standards of process compliance, cost controlling and quality assurance throughout the entire project life cycle. Quantitative and qualitative reports, as well as your own personal contact at ifb, provide you with the fullest information and transparency on the status of implementation and achievement of milestones in your transformation project. We use the entire spectrum of conventional and agile project management approaches as needed in each case. Therefore, we can always find the right balance between proven standards and your own individual requirements for project management within the context of specific projects or more extensive transformations. 

      Our services at a glance:

      • Project planning, implementation and commissioning, as well as multi-national rollouts for transformation projects of all sizes (programs, projects and sub-projects)
      • Ensuring the required project governance is carried out and checked on a regular basis
      • Implementation of working support processes in all project phases from current state analysis to launch including controlling, reporting, scope management and project risk management
      • Project review and assessment
      • Project stabilization in case of crises or difficulties
      • Support with all aspects of project management (PMO)
    • Our services at a glance
    • We guarantee the highest quality standards and maximum functionality of our solutions

      We have high quality standards for the transformation process and monitor compliance with these standards on an ongoing basis. We check the functionality of our procedural models and the implementation of defined requirements in measurable results. To achieve this, we work together with you to formalize the required control mechanisms (so-called quality gates) as transition points between the individual project phases, at which we use quality assurance reports to ensure the defined quality goals are met across the entire transformation trajectory.

      Especially in the "Deploy" phase of our methodical framework, REFRAME™, which consists of the organized transfer of project results into operation in your organization, we monitor the new business processes and systems for performance and practicality using specific test strategies as part of commissioning, evaluation and validation of the target state solution. To achieve this, we use specific tools such as Application Lifecycle Management (ALM) and regression testing of implemented software modifications, which automatically generate the required before/after comparisons.

      Our services at a glance:

      • Comprehensive test management
      • Quality Assurance across the entire project life cycle
      • Test concepts and realization of these concepts
      • Testing with our own team or together with the client
      • Test automation culminating in the provision of "test factories"