Accelerating Digital Transformation by Reimagining the Finance Function
Technology Category
- Analytics & Modeling - Machine Learning
- Cybersecurity & Privacy - Security Compliance
Applicable Industries
- Consumer Goods
- Finance & Insurance
Applicable Functions
- Quality Assurance
- Sales & Marketing
Use Cases
- Leasing Finance Automation
- Supply Chain Visibility
Services
- Data Science Services
The Customer
Global Bank
About The Customer
The customers in this case study are five different global organizations from various sectors. They include a global bank that was struggling with customer engagement and profitability practices, a global rental company that needed to modernize their analytics ecosystem, a global retailer facing issues with non-product indirect spend, a global B2B distributor wanting to improve their rebate compliance, and a global consumer packaged goods (CPG) enterprise struggling to enforce its travel and entertainment (T&E) policies. Each organization faced unique challenges that were hindering their growth and efficiency, and they all sought solutions to improve their operations and profitability.
The Challenge
The case study presents five different organizations facing various challenges. A global bank was struggling to engage with customers due to ineffective profitability practices, poor cross-sell and up-sell functions, and inadequate segmentation analyses. A global rental company needed to modernize their analytics ecosystem as their processes were manual, time-consuming, and limited in model calculation. A global retailer had issues with non-product indirect spend, unable to identify non-compliant activity, leading to inconsistencies, reporting delays, and a lack of detail. A global B2B distributor wanted to improve their rebate compliance, but their existing process was manual, time-consuming, and lacked a centralized source of contract terms. Lastly, a global consumer packaged goods (CPG) enterprise was struggling to enforce its travel and entertainment (T&E) policies due to manual recording and reporting processes.
The Solution
Each organization worked with Teradata to address their challenges. The global bank leveraged line-level details to develop behavior-based, data-driven profitability analytics and improved marketing efforts due to a better understanding of customers and products. The global rental company created a finance-driven data foundational model and integrated critical enterprise resource planning (ERP) and non-ERP data. The global retailer developed business rules and workflows to identify anomalies and leveraged data visualization of spend results to highlight cost takeout opportunities. The global B2B distributor created a supplier data foundation to centralize all supplier data in one analytics platform and deployed compliance analytics to ensure proper rebate payments were received. The global CPG enterprise leveraged third-party tools to enable “always on and available” reports and dashboards and implemented artificial intelligence and machine learning to predict potential compliance and fraud issues.
Operational Impact
Quantitative Benefit
Case Study missing?
Start adding your own!
Register with your work email and create a new case study profile for your business.
Related Case Studies.
.png)
Case Study
Improving Vending Machine Profitability with the Internet of Things (IoT)
The vending industry is undergoing a sea change, taking advantage of new technologies to go beyond just delivering snacks to creating a new retail location. Intelligent vending machines can be found in many public locations as well as company facilities, selling different types of goods and services, including even computer accessories, gold bars, tickets, and office supplies. With increasing sophistication, they may also provide time- and location-based data pertaining to sales, inventory, and customer preferences. But at the end of the day, vending machine operators know greater profitability is driven by higher sales and lower operating costs.
Case Study
Series Production with Lot-size-1 Flexibility
Nobilia manufactures customized fitted kitchens with a lot size of 1. They require maximum transparency of tracking design data and individual processing steps so that they can locate a particular piece of kitchen furniture in the sequence of processes.
Case Study
American Eagle Achieves LEED with GE LED Lighting Fixtures
American Eagle Outfitters (AEO) was in the process of building a new distribution center. The AEO facility management team decided to look at alternate options for lighting layout that could provide energy and maintenance savings. AEO would need a full-time maintenance employee just to replace burned-out fluorescent tubes.
Case Study
Real-time In-vehicle Monitoring
The telematic solution provides this vital premium-adjusting information. The solution also helps detect and deter vehicle or trailer theft – as soon as a theft occurs, monitoring personnel can alert the appropriate authorities, providing an exact location.“With more and more insurance companies and major fleet operators interested in monitoring driver behaviour on the grounds of road safety, efficient logistics and costs, the market for this type of device and associated e-business services is growing rapidly within Italy and the rest of Europe,” says Franco.“The insurance companies are especially interested in the pay-per-use and pay-as-you-drive applications while other organisations employ the technology for road user charging.”“One million vehicles in Italy currently carry such devices and forecasts indicate that the European market will increase tenfold by 2014.However, for our technology to work effectively, we needed a highly reliable wireless data network to carry the information between the vehicles and monitoring stations.”
