"Having the actual data loaded to the system in an automated way is a benefit and having the flexibility to load actuals each month provides the platform to run rolling forecasts in a structured way."
AIB makes move to Oracle Planning & Budgeting Cloud Services to minimise challenges previously faced in the Planning process.
AIB is a financial services group operating predominantly in the Republic of Ireland and the UK. AIB provide a comprehensive range of services to personal, business and corporate customers in target markets and have leading market shares in banking products in the Republic of Ireland. AIB’s business has been restructured in recent years becoming a customer focused, profitable and lower risk institution, well positioned to support economic recovery in Ireland while seeking to generate sustainable shareholder returns.
AIB were reliant on multiple large complex spreadsheets with various layers of consolidation for the Planning and Forecast process.
Qubix assisted AIB to implement Planning & Budgeting Cloud Services through a Sprint base approach, releasing functionality every 3-6 weeks. The delivery was split across 7 Sprints, each sprint including weekly ‘Show & Tells’ and an end of Sprint Conference Room Pilot.
About Allied Irish Bank
Allied Irish Banks, p.l.c. is one of the so-called Big Four commercial banks in Ireland. AIB offers a full range of personal and corporate banking services. AIB Capital Markets is the division of the company that offers international banking and treasury operations. The bank also offers a range of general insurance products such as home, travel, and health insurance. It offers life assurance and pensions through its tied agency with Irish Life Assurance p.l.c.
Industry: Financial Services
HQ: Dublin, Ireland
Cloud Journey Methodology