Empowering Ziraat to Fulfil its Global Goals Through Streamlined Planning, Budgeting, and Reporting
Key Outcomes
Fully integrated and connected planning and budgeting system that computes interest, deposit, income and expenses based on various plans
Automation of manual processes
High degree of visibility over the bank’s plans, budgets and actuals
Faster analyses of actual-to-budget comparison
The Client
T.R. Ziraat Bankası A.Ş., Turkey’s oldest and largest public bank, with assets totaling 3.8 trillion lira, is a key player in the Turkish banking sector. The bank’s aspirations of international growth are backed by the widest international service network among Turkish banks.
The Challenge
- Manual Data Collection and Consolidation of Financials.
- Time-intensive monthly and yearly reporting
- Inability to swiftly and accurately develop budgets or model the impacts of budgetary assumptions changes.
- The absence of a unified reporting cockpit made presenting budget vs. actual results challenging, hindering effective decision-making.
Our Solution
- Constellation leveraged its financial management advisory and system implementation expertise to automate and streamline planning, budgeting, and reporting processes using Oracle’s Enterprise Performance Management (EPM) platform
- The creation of a unified platform enabled end-to-end integration across planning and budgeting functions, encompassing interest income, expenses, and non-interest income
- The solution enabled seamless integration with the bank’s existing ERP system for robust data management and control across business units
- Visual dashboards and analysis reports using Qliksense, were implemented, providing CFOs and management with intuitive insights into financial performance.
Outcomes
- Established a centralized planning application accessible to all departments and subsidiaries.
- Replaced manual processes with automated workflows
- Improved efficiency with automated flow, detailed tracking via source-to-target maps, and streamlined management report package creation
- Implementation of an end-to-end budgeting platform, tailored to meet the specific needs of the bank
- Accurate computation of interest, deposits, income, and expenses based on diverse plans
- Delivery of comprehensive reports to support strategic decision-making.