MCI Consultants significantly increases its footprint in the banking market
MCI Consultants, the leaders in Financial Performance Management within the African banking sector, today announced that last year it increased its footprint in this sector by 30%.
“ In challenging, competitive business landscapes it is vital for any organisation to have the means to anticipate results and react quickly to changing conditions in order to drive optimal performance, commented Filip Vanden Houte, Business Partner at MCI Consultants. “This means a fast turn-around on a company’s budgeting and forecasting processes; clear and easy alignment of top-down strategic goals and bottom-up operational plans; wide participation in the budgeting process to ensure accountability; driver-based techniques to ensure transparency and create flexibility; what-if and scenario analysis capability to test changing assumptions; the breaking out of the annual budgeting cycle and a move towards continuous planning; and, the production of accurate results which can be trusted.”
Nevertheless, many organisations today still make use of manual or spreadsheet-based budgeting processes,” continued Vanden Houte. “These processes are usually time-consuming, with a proliferation of spreadsheets keeping a finance team busy until late into the night. Alternatively, budgets are constructed or amended without input from all stake-holders, resulting in a lack of accountability for actual results.”
“We have a proven track record in helping with the budgeting and forecasting activities of a business, especially within the banking sector,” concluded Vanden Houte, “and would welcome the opportunity to demonstrate our capabilities to assist companies in this strategic and very important part of their operations.”
For further information, please contact Aliki Droussiotis, MCI: tel 011 454-3420, fax 011 454-3417, e-mail email@example.com
MCI Consultants is a South African-based business information systems consulting firm specialising in providing software solutions to the business community, specifically to the financial services and personnel recruitment industries.
MCI is at the forefront of providing business performance management solutions utilising IBM Cognos TM1 in South Africa as well as 11 other African countries. Since inception they have been involved in the development and provision of business intelligence software, support and consulting services to the financial services industry.
Their approach is to continuously provide solutions to meet their clients’ changing requirements. They pride themselves in delivering excellent customer service and building long lasting partnerships with their clients.
Prepared by: Paul Booth
Global Research Partners
Fax 011 463-0448
On behalf of: Aliki Droussiotis
Tel 011 454 3420
Fax 011 454 3417