CASE STUDY  - IMPROVING MANAGEMENT REPORTS

Organisation
Building Society

Requirement:
Review the business procedures used to produce statutory,  legal, and management financial reports for the Building Society, in order to establish where improvements could be made.

Approach:

	Identify and define the current data collection methods
	Assess the current information technology including: Lan, Wan, Client Server, General Ledger and mainframe applications developed in house
	Prepare a process model for reporting activities, to determine the cycle time for report preparation and consideration, the non-value added activities in the reporting function, and the cost of reporting
	Produce an overall management reporting strategy, including:  Details of the business process objectives  Identifying the critical success factors Provision of performance measures and targets  Recommendations for the re-design of key areas of the technology architecture

Outcomes:
Improved understanding of internal reporting mechanisms.

Reduced reporting cycle times

Subsequent development of new, streamlined, reporting procedures and systems.

Successful migration to new reporting methods and cycles.

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