PROJECT SUMMARY

New business operating model

Belgian corporate bank

Assist the finance and controlling departments with the implementation of a new business operating model for corporate customers, with outsourcing from Belgium to Ireland, including the implementation of a new system and data migration.

Challenge

Multiple locations and interests
New system
Smooth transition

Approach

Setup of local regulatory reporting (Central Corporate Credit Register (CKO), Balance of Payments (BOP), Scheme A/B) in the new system
Mapping the Chart of Accounts/General Ledger from the old to the new system
Implementation of specific product and tax (withholding tax, stamp duty, VAT) treatments
Identification and follow-up of conversion/migration activities and issues
Definition of processes, procedures and governance around finance and controlling activities in the new business operating model

Impact

Timely and complete preparation of the areas in scope

Corporate & Investment Banking

Management Consulting, Project Management & Implementation, Strategy Consulting

Consultant, Project Manager

Bank Deposits, Banking Operations Life Cycle Management, Credits, Finance - Accounting and Reporting, Finance - Performance Management, Large Transformation, Legal and Regulatory Compliance, Payments, Systems & Data