Finance Transformation for JABIL with IBM Cognos TM1

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Text of Finance Transformation for JABIL with IBM Cognos TM1

  • IBM Cognos TM1 + IBM Cognos Business Intelligence = Inverted Triangle

    Patrick Patterson Financial Systems Manager

    Steven ThomsonSenior Director, Finance Transformation Team

  • Snapshot

    Founded in Michigan, 1966

    Global Manufacturing Services

    Provider

    24 Million Manufacturing Square

    Feet

    60+ Global Operations

    Tenured Management Team

    165,000 Dedicated EmployeesGlobal Electronics

    Solutions For a Changing World

  • Data Aggregation

    Our BA Investment Drivers Jabil Reporting State 2008

    Source Systems

    Forecast

    Actuals

    Plant Reporting Packages

    Regional / Sector Reporting

    Internal Analysis

    Consolidation ConsolidatedReporting

    Reporting Output

    Customers

    Board Sr Mgmt Regional / Sector Controllers

    BU Operations Site Controllers

    Tax Authorities

    Auditors SEC Local GAAP Authorities

    Exec Analysis

    Auditors

    Press Release

    SEC

    Tax Package

  • Mergers & Acquisitions

    Divisional Finance

    Corp Financial Planning and

    Analysis

    Transformation

    Divisional Finance, Planning and Analysis

    Regional Finance

    Sector Finance

    Finance in Design

    Materials & Supply chain finance

    Forecast & Variance Reviews

    MPC Structure

    Weekly Reporting

    Divisional & Sector Support

    Monthly Reporting

    Plant Finance

    Financial Reporting

    Management Reporting

    Best Practice & Finance

    Transformation

    Regional Finance Support & Challenge

    Resource Planning &

    Development

    Control Assurance & Compliance

    Regional Strategy

    Ledger Maintenance GL, AR, AP Inventory and

    Cash

    Balance Sheet Reconcillations

    SOX

    Statutory Tax & Treasury Reporting & compliance

    Balance Sheet Reconcillations

    Costing & Materials Analysis

    Commercial Influence and Direction

    Variance Analysis

    Bu & Ops Financial Management

    Workcell Forecasting & Reporting

    Forecast & Variance integration

    Sector & BU Strategy Support

    Material Strategy & Performance Evaluation

    Regional / Plant Finance support & interaction

    Pricing Review & Support

    Balance sheet & Asset

    Management & Governance

    Resource Planning and Development

    Operational & Commercial Support and

    Challenge

    Material Quoting, pricing and standard management

    Working Capital & Risk Management

    SC Strategic Development & Support

    Material Price Variance

    Driving Functional Performance & Accountability

    Contractual Support & Modelling

    Process & Tool Development & Integrity

    Business Unit Support & Interaction

    Quoting R&D Evaluation & Integrity

    Investment Reviews & Analysis

    Design Strategy Support and Influence

    Reporting Compliance & Analysis

    SEC

    Rep

    ortin

    g

    IT F

    inan

    ce

    Tech

    nica

    l Ac

    coun

    ting

    Cor

    pora

    te

    Acco

    untin

    g

    Con

    solid

    atio

    n &

    Rep

    ortin

    g

    Equi

    ty &

    Equ

    ity

    Com

    pens

    atio

    n Ac

    coun

    ting

    SEC Filings

    External Audit Support

    Debt & Equity Offerings and

    Support

    Cost Containment

    Manage IT Capital Projects

    IT Financial Support

    Forecast & Variance

    Review

    Corp & Site level support

    Cost Center Reporting and

    Analysis

    Cost Center Owner Support

    Intercompany Charge Out

    Support

    Forecast & Variance

    Review

    GL Maintenance & Balance Sheet

    reconciliation

    US GAAP Training

    Support to Finance, Ops &

    BD

    Implementation of new

    accounting standards

    External Audit Support

    Transactional Technical

    Accounting Research

    Non operating Entity

    Accounting

    External Audit Support

    Consolidation of Global Financial

    Information

    Statutory Accounting

    Financial Reporting and

    Analysis

    HR Compensation

    Committee Support

    External Audit Support

    UBS Adminisatration

    Accounting Compliance &

    Reporting

    Participant Support

    Global Cash

    Managem

    ent

    Global Financial

    Risk Mgm

    t &

    Hedging

    Regional

    Treasury

    Global Credit

    Mgm

    t

    Controls & Processes

    Support the Organization

    Compliance & Regulatory Reporting

    Planning

    Special Projects

    Decision

    Support to BU

    and Ops

    Executive Office

    Support

    Divisional

    Finance Support

    Legal

    Legal

    Tax Calc, KPMG & SEC Filing

    SOX

    Customs Regulation

    Payroll and Benefit Reporting

    International, Federal, State & Local

    Audit

    VAT & Sales Tax support

    Systems

    Education

    People D

    eployment

    Continuous

    Improvem

    ent & Transform

    ation

    Cash Taxes

    Acquisitions

    Grants

    Footprint & Entity Structure

    Transfer Pricing

    Global

    Sourcing

    Supplier Financial R

    eview Supply

    chain

    Chair G

    lobal C

    redit Com

    mittee

    A/R C

    ollection, A/R

    Aging & D

    elinquency M

    onitoring

    New

    & Existing C

    ustomer C

    redit M

    gmt Plants

    Potential new

    customers financial

    reviews. Business

    Developm

    ent

    Regional education

    & support to plant finance & Bu

    Regional C

    redit M

    gmt

    Regional Financial

    Risk M

    gmt &

    Hedging

    Execution of global cash, financial risk & credit m

    anagement

    Regional C

    ash M

    gmt & Liquidity

    Mgm

    t

    Regional Best

    Practice, Business continuity

    Risk m

    itigation & H

    edging Strategy

    Pricing & BD

    Support / Strategies

    Capital structure

    analysis & optim

    ization

    Exposure Identification & Forecasting

    FAS52, FAS133 and other account standard com

    pliance

    Manage Financial

    Institutions H

    edging relationship

    Education & Training

    Treasury front office, global best practice, business continuity

    Chair Financial R

    isk M

    gmt C

    omm

    ittee

    Capital M

    arket, C

    redit facility & Securitization

    Debt C

    ompliance

    Banking & Financial Institution R

    elationship Mgm

    t

    Cash

    Forecasting & Liquidity M

    gt

    Intercompany Loan

    Mgm

    t

    Treasury Back office, global best practice, business continuity

    Credit R

    ating Agency R

    eporting & Analysis

    Special Projects

    Bank Account & C

    ash Managem

    ent Structure O

    versight

    Education & Training

    IT Financial Support

    Risk Assessment

    Finance

    Compliance

    Strategic

    Operations

    ERM

    Controls / Mitigation plan

    SOX

    Section 302

    Testing / Reporting

    Data mining / Fraud Mitigation

    Section 404

    Hotline Reporting

    Legal

    Medical

    EICC

    JDAS

    HR

    ISO

    Com

    plian

    ce /

    Regu

    lator

    yCorporate

    HR

    Entity Level

    Plant

    IT

    Cont

    rols

    & Pr

    oces

    ses

    Supply Chain

    IIA S

    tand

    ards

    Reporting

    Audit Committee

    Quality Assurance

    Education

    Jabil Finance

    Corporate Reporting

    Corporate Tax

    Corporate Treasury

    Risk & Assurance

    Corporate Controlling

    Time to Review our Reporting Needs!

  • Inverting the Triangle

    Data Analysis & Business Insight

    Data Prep & Reporting Reduce

    Waste

    IncreaseValue-Add

    Start State Future State

    Less time for preparation - more for interrogation, insight and engagement with business and operations to influence decisions

    Reporters to analysts Communicate For Results focussed analytics quickly highlighting issues

    and opportunities to our business partners less is more Standardized suite of reports and tools one version of the truth Realizing this vision requires replacement of rather than addition to current

    reporting & analysis

  • Desired Reporting State 2011-2013

  • Software Toolset

    Controller

    Statutory Reporting Integrated Consolidations Automated GL account controls and reconciliation

    TM1

    Integrated management accounting & forecasting All of our data in one place

    Data management framework for easy interrogation Automated actual loads

    Cognos BI

    On demand analytics for the end user Advanced visualization & insight - CFR Executive reporting and dashboards

  • How to Invert the Triangle?

    Business Partnering Workshop

    Master Analyst Qualification

    Business Partnering & Master Analyst Moving away from report

    generation to a role where finance can partner with Jabils business and operations functions

    BI Simulation (Future Chips) Introduce the Baseline It is not about which reports to use

    on which days of the month. It is about changing the mindset in finance to understand how we can add value to the decision making process

    Critical thinki