Deloitte Digital business obstacle: Financial Data

Deloitte is able to support its clients' in many ways. For example, on budgeting / forecasting processes, Deloitte brings expertise in the following activities:

• Periodic review (e.g. monthly) of the balance margin performed at client / product / portfolio level incorporating output form high level strategic planning
• Capturing external market data and intelligence in order to consider the main market trends leveraging also on information from marketing and CRM departments
• Identification of the main initiatives to be included in the investment portfolio on the basis of the activities in which is considered more valuable to invest resources
• Macro-economic and industry scenario definition with the support of the Research department
• Pricing modeling and behavioral assumptions scenario related
• Statistical model (e.g. historical series, rolling series, etc.) for interest and risk estimation run at segment/ portfolio level Reporting activities
  

By applying advanced analytics to capture and understand data, companies in the banking and securities, insurance, and investment sectors successfully built stronger, more robust business models. In doing so, they also made more proactive decisions that delivered customer value. In addition, the use of Big data allows improvements and efficiency gain in back-office financial activities such as cash forecasting, profitability management, detection of financial risks, company performance risk management enabled growth in profits.