Use case /
Bank Finance transformation program
Context & objectives
Degroof-Petercam became a systemic bank as a result of the merger between Degroof and Petercam. The Finance function was neither organized nor equipped to address the new regulatory regulatory requirements (FINREP, COREP, IFRS9, Liquidity, BCBS239).
A Finance transformation program was launched the objective to achieve a complete transformation (systems, processes and people) to become a state-of-the-art business partner able to deliver Finance and Risk information to the regulators in a more agile and proactive manner while providing high-value business performance insights
Client
Degroof-Petercam is the first Private Bank in Belgium with 25.000 clients and EUR 35 billion in Assets under Managements. The bank offers a full range of products and services in Wealth Management
Keyrus role
Keyrus played 4 roles in this transformation program:
- End-to end integrator of the solution (Accounting Rules Interpreter, General Ledger, Finance DWH, Regulatory Reporting System and AP/AR systems)
- Functional analysis and advisory role for business requirements, functional architecture design and process reengineering
- Source data analysis and data pipelines development (ETL Talend developments from legacy source systems to target Finance systems)
- Program management and coordination between Finance dept., IT dept. and external consultants
Benefits
- Clear high-level insights of the company’s value streams and identification of potential synergies at
- Group level for an increased efficiency of the direct channel operating model
🎯 Assignment metrics
24 months
+8.000 MD
~10 Keyrus consultants
💻 Technologies
Talend/Oracle
Smartstream (Infor)
AI Suite (Axway)
Tblox