1 Lightstore TM Cost Optics Service Platform
2 Cost Optics Service Platform Cost Optics Lightstore provides a multi-dimensional view of your assets and expenses, from the view point of the expense manager, the cost controller, the user or ITSM practitioner. HOW DOES IT WORK Lightstore receives data from your firm s existing IT Service Management (ITSM) suite, asset and expense management, procurement and general ledger systems. Lightstore loads, reconciles and acts on data discrepancies. Drawing data from multiple sources using web-service technology, Lightstore fills the logical gap between these systems, reconciling and cleansing the data between them, while highlighting data discrepancies. WHY LIGHTSTORE Lightstore enables financial institutions to move away from their existing in-house market data, telecommunications or other ITSM database products. Lightstore is highly customizable by design, not as an after-thought, and can manage the unique processes, rules and organizational structure elements that exist in every institution. The relational model is second to none. Lightstore connects your asset inventories, licenses, external and internal operating costs to your offered services. Lightstore s proprietary, data relationship model provides a real-time view of your inventory today, yesterday and every day. Understanding your contractual commitments, the real-time data model reconciles invoices correctly throughout the operational life of your licenses....no unaudited variations or accepted discrepancies...
3 Lightstore Features and Comparisons at a Glance Time series database or a real-time database, tracks moves and changes; cost centre changes and organisational changes without data breaks and MIS discrepancies. Three-way reconciliation no variance. Lightstore enforces the golden rule: Invoices = Inventory = Accounting. No monthly cut-off. Monthly reporting dates no longer require a hard, monthly close date. Lightstore manages post and pre-period transactions transparently. Audit reliable. Lightstore s financial interface creates permanent snapshots. When changes are made, an accounting delta and audit trail is produced. Multiple organisations structures supported. Matrix structures, ad hoc internal structures, geographical structures are all supported and at the same time. Serialization. Every product instance is serialised, allowing accurate allocations of products within product bundles. Contrast this with other first generation CMDBs which only maintain a count of each product. Bundling. You need to know your detailed infrastructure costs, but your users do not. Lightstore s sophisticated infrastructure recharge function which dynamically allocates your expenses. Granularity in Time. Lightstore allocates products on a daily basis, not monthly. This overcomes the rounding errors and variances seen in first generation products. Invoices reconcile to the cent. Common names. Lightstore provides flexible, user oriented naming and manages the naming relationships all the way to the invoice identifiers: a more user friendly MIS and provisioning process. 100% recharge. First generation systems fail to update user groupings or project groups. If a member of the group leaves the recharge fails. Lightstore addresses this dynamically, managing the recharge as the administrator intended.
4 EXPENSE MANAGEMENT SERVICES Buy-side solutions Market Data expense management Telecoms expense management Brokerage expense management Infrastructure expense management Finance as a Service Sell-side solutions Brokerage fee expediting and recovery Client portals, orders, STP processing Market Data billing and recovery SOFTWARE AS A SERVICE IT Service Management (ITSM) Workflow, orchestration, STP and secure document interchange ITSM service catalogue management ITSM financial management Asset management / CMDB solutions Foundation products Lightstore Marketplace Glassworks CONSULTANCY SERVICES Contractual compliance reporting Business process engineering Cost optimization strategies corecruit staffing solutions
5 HELPING FINANCIAL INSTITUTIONS TAKE CONTROL OF THEIR OPERATING COSTS
6 COMPARE NEXT GENERATION LIGHTSTORE TO A FIRST GENERATION PRODUCT First Generation Category Specific System CONTRACT INVOICES RECONCILIATION Product BBG Anywhere Month June 2013 User Fred - HK FMO Dept OR
7 Lightstore is the next generation of financial, asset management products. Available with Marketplace, Glassworks and Work as a Service (WaaS), Lightstore delivers on the formula: INVOICES = INVENTORY = ACCOUNTING MS Reports Real-time Inventory Time Series Allocations User Level Delta Reports Reconciliation Completion Report Reconcile Against Invoice 100% Recharge End-User Pays Product Product Instance Allocation User Membership BBG Anywhere SID ~2013/06/ /06/24~ Fred Jo ~2013/06/09 HK FMO Dept ~2013/06/09 SG FMO Dept ~2013/06/09 US Equities Dept
8 TOTAL COST TRANSPARENCY Cost Optics delivers a consolidated, software as a service platform. We bring together our proprietary business tooling, data analysis expertise and business process engineers to enable institutions to take control of their operating costs. We help buy-side institutions minimize cost bases and sell-side institutions connect to their clients and rationalize their product delivery. Our service platform is built on our proprietary Lightstore, Marketplace and Glassworks products, providing the right level of MIS and financial management for your job role, expense management programme or ITSM product suite. Our automated, cloud-based solution allows cost controllers to scale their expense management and data analysis programs across thousands of users as easily as if it were for a single individual user. Contact us today to hear more about the Cost Optics Service Platform 1 Coleman Street #09-09 The Adelphi Singapore p: Our Finance as a Service product provides core operations for invoice, inventory and financial accounting management, reconciliations and dispute management either as a managed service or on-demand fulfillment. We connect invoices to inventory.