Cost Optics: An Overview
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Transcript of Cost Optics: An Overview
The size of the Global Financial
Market was estimated to be
more than US$198 Trillion* in 2011*Source: McKinsey & Company, “Mapping global capital markets 2011”
Billions of dollars worth of trade were done daily between
the Financial Institutions via the
Financial Exchanges
The key to success in the Financial
Market is largely dependent on
receiving accurate and timely market
data
Financial Institutions subscribed to a
variety of products and services from the Market Data Vendors to keep their edge over
competitors
Financial Institutions
An contract was made for each
product and service the Financial
Institution subscribed to.
These contracts were kept as part of
the market data inventory
Financial Institution
At the end of each period, the Financial
Institution will receive the invoices from all the market data vendors they
subscribed to
Financial Institution
The Invoices received will be
used to reconcile with the inventory,
ideally it should matched
Financial Institution
Matched
But in reality, there are many instances where the invoice is
unable to match with the inventory
Financial Institution
Mismatched
These breaks were mainly caused by
Lack of expertise to handle systemic problems in
Market Data ManagementAging Market Data Inventory Systems
Complexity of the product charges in contract
agreementsInability to forecast the
market data usage
As a result, the Financial Institutions
are usually faced with the following
issues:
1. Incomplete inventory due to mismatch
2. Inaccurate, incomplete and confusing Market Data
reports3. Unable to optimized resources fully as dedicated
resources are required to handle those issues4. Inability to reconcile the
general ledger to information reports5. No time or capacity to
focus on value adding tasks
At Cost Optics, we provide dedicated
solutions and expertise to help overcome those
issues faced by the Financial Institutions
CONSULTING SERVICES
MANAGED SERVICE
DESK
INTEGRATED SYSTEMS SOLUTION
OUR SOLUTIONS
CONSULTING SERVICES
FINANCIAL CONSULTANCY
BUSINESS PROCESS
REENGINEERING
MANAGED SERVICE
DESK
REPLACE AGING INVENTORY SYSTEM
PROVIDE FULL SERVICE LEDGER
POSTINGS
PROVIDE CUSTOMIZED REPORTING
INVOICE RECONCILIATION
SERVICES
INTEGRATED SYSTEMS SOLUTION
VISION
MARKET DATA
INVENTORY SYSTEM
ACCRUAL ENGINE
MANAGEMENTINFORMA
TION SYSTEMS
REPORTING
INTEGRATED SYSTEMS SOLUTION
GLASSWORKS
INVOICE WORKFLO
W
APPROVAL WORKFLO
W
FILE TRANSFER
WORKFLOW
INTEGRATED SYSTEMS SOLUTION
FOCUS
ALLOCATION PLANNER
INVENTORY VIEWER
INTEGRATED SYSTEMS SOLUTION
MARKETPLACE
STRAIGHT THRU
PROCESSING (STP)
SERVICE CATELOGU
E
ORDER PROCESSING SYSTEMS
LIGHTSTORE
+
+
+
INTEGRATED SYSTEMS SOLUTION
VISION
GLASSWORKS
MARKETPLACE
FOCUS
SAVINGS $$
CONTROL
COST TRANSPARENCY
DATA INTEGRITY
OPERATIONAL INTEGRITYCLARITY
HAPPY CLIENTS
A LOCAL SOLUTION
RESULTS FROM IMPLEMENTING OUR
SOLUTIONS
At Cost Optics, we recognize that our
people are the most valuable assets, and we strive to provide
a vibrant and dynamic work culture for our
people
Cost Optics Management
Cost Optics Consultants
OUR PEOPLE
IT Development
(Team NZ)
Expense Management
Team
HR & Admin Team
IT Development
(Team SG)
Cost Optics
Management
NEVILLE WOOD
1. Need professional photo
Founder, Chairman
Cost Optics
Management
KEVIN WHITMORE
1. Need professional photo
Director, Global Operations
Cost Optics
Management
ROB WHITMORE
1. Need professional photo
IT Product Owner
Cost Optics
Management
CHRIS PITTAWAY
1. Need professional photo
Director, Global Sales
1. TEAM PHOTO!!
Expense Management
Team
1. TEAM PHOTO!!
HR & Admin Team
1. TEAM PHOTO!!
Cost Optics Consultants
1. TEAM PHOTO!!
IT Development
(Team SG)
1. TEAM PHOTO!!
IT Development
(Team NZ)
“What I enjoy most about working in CO is that we get to have a say in many things that are related to us, from choosing our own team members and to choosing the paint on our walls etc, which is fun and
at the same time gave me a strong sense of belonging to the company. With that, we can all work together towards a better of something we are part of and at the same time have fun!”
– Yuri, Expense Management
“Refreshing and interesting management style. I am blessed to be working in a team-spirited organisation.” – Lynn, HR & Administration
“I went to the Asia Financial Conference in Hong Kong and it was a pleasure to hear senior members of the banking industry continuously praising our work. Having worked in the financial vendor space for
over 5 years, I can honestly say that never felt so excited about company’s growth and potential.” – Mya Hansrani, Sales
