EPM & Analytics, Management Control, Budget & Financial Consolidation


Illimity is a high-tech banking Group, founded and led by Corrado Passera in the summer of 2018. It was born with a clear mission: to recognize and enhance the potential of people, families and businesses. Today it counts more than 600 people coming from more than 200 different companies, with 4.1 billion euros of business done in the first year alone.

Needs
  • Structure the monthly closing process to manage the varied and heterogeneous information sources
  • Design a structured process of management consolidation in terms of p&l
  • Structure a planning platform for the complex management of the business related to NPL management and structured products for SMEs
Solutions
  • Realized a work-flow to manage the extraction, normalization and consolidation phases of the final data
  • Developed a cost-allocation framework to guarantee analysis of the performance of the individual company divisions
  • Development of a planning suite (based on Board technology) with ad hoc management of individual businesses in which real time simulations are governed to verify compliance with capital and risk constraints
  • Created multiple performance estimation engines to anticipate reporting times and accelerate forecast analysis (e.g. loan loss provision estimation)
  • Automated the drafting and updating of the monthly reporting book
Benefits
  • Improved internal productivity (drastic reduction in report production time)
  • Increased ability to understand the business and support strategic decisions
  • Organization of the information and agility of their interrogation
  • Improved quality of outputs produced 
Technologies
Board

See the other Case Studies

EPM & AnalyticsManagement ControlBudget & Financial Consolidation