FINANCIAL AND ENTERPRISE DATA ANALYTICS (FEDA) Delivering strategic business solutions

Transcription

1 FINANCIAL AND ENTERPRISE DATA ANALYTICS (FEDA) Delivering strategic business solutions

2 DELIVERING STRATEGIC BUSINESS SOLUTIONS FTI Consulting is a global business advisory firm. With more than 3,800 professionals in 24 countries, we help clients identify and execute innovative solutions to transform complexities into true competitive advantages. Our unparalleled team of professionals delivers expertise born from experience and is prepared to address critical challenges, in both event-driven and long-term scenarios. The Financial and Enterprise Data Analytics (FEDA) practice within FTI Consulting delivers strategic business solutions to clients requiring in-depth analysis of large, disparate sets of financial, operational and transactional data. Our professionals respected experts in technology, finance, forensic accounting and law map relationships among various systems and geographies, mine for specific transactions and uncover patterns that may signal systematic opportunities. FINANCIAL AND ENTERPRISE DATA ANALYTICS (FEDA) 1

3 CHALLENGES OVERCOME FTI Consulting is an advisor to 64 of the world s 100 largest companies and 9 of the world s top 10 bank holding companies. we possess the experience and tools to mitigate fraud risk and to conduct investigations into potential fraudulent activity. ThefallingcostindatastorageandtheincreaseincorporateITinfrastructure investmenthasresultedina BigData explosion.itisestimatedthatbetween theyears2010and2015theamountofinformationmanagedbyenterprise datacentreswillgrowby50timestoaround8,000exabytes. Informationhasbecomeoneofthemostvaluableassetsofanybusiness today.thegrowingnumberofdifferingdatasourcescreatedandmaintained throughouttheenterprisepresentschallengingissuesformanagementto consider.simplyreviewingdocumentsand aloneisnolongersufficient forunderstandingdata.thecarefulanalysisofagrowingnumberof complementaryinformationsources,includingfinancialandoperationaldata, isnecessarytounderstandthebiggerpicture. FTIConsultinghaslongbeenthepremierprovideroftraditionaleDiscovery servicesforthelegalandcompliancemarketplace.thefedapracticehas leveragedthisexpertisetounderstandandanalyseinformationstoredin transactionaldatabasesthroughouttheenterprise. How we are different TheapplicationofsophisticatedtoolssuchasOracledatabase, MicrosoftSQLServer,Tableau,APEX,SharePoint,andFTI Consulting-developedproprietarytoolsenablesustocollect, organiseandunderstandmultifacetedsetsoftransactionsinvolved incomplexdisputes. Withofficesstrategicallylocatedaroundtheworld,wecanservice allclientassignments. TheFEDAmethodologyisnota onesizefitsall solution, butratheracustomisedworkplantoeffectivelyandefficiently providerelevantinformationinaformatthatfitstheneeds oftheparticularcaseathand. Weworkindependentlyandaspartofmultidisciplinaryteams, whichallowsustoserviceallclientneedsandprovidean in-housecomprehensivesolution. 2 FTI CONSULTING, INC. FINANCIAL AND ENTERPRISE DATA ANALYTICS (FEDA) 3

4 OUR EXPERTISE Ourprofessionalsconductcomplex,data-intensive analysesandinvestigationsfocusingonclassactions, government/regulatoryinvestigations,insolvenciesand othermattersrequiringthecollectionandanalysisof largeamountsofdata,complexmodellingorinformation sharing.feda sexperiencewiththeapplicationofthe appropriatetechnicaltoolstomanage,analyseand presentlargedatasetsprovidesourclientswiththe mostrobustcapabilitiesintheindustry. Accurateunderstandingoftransactionaldata,whether fromanenterpriseresourceplanning(erp)system,a transactionalsystemoranyotheroperationaldatasource, allowsfedatomodelanddesigntheappropriatesolution toitsclientstosolveitsproblems. Thedepthofexpertisewithvariedstructureddata sourcesallowsfedatoquickly,efficientlyandeffectively acquire,normaliseandvalidatedatafrommanysources. Examplesofthosesourcesinclude: OracleFinancials SAP PeopleSoft SAS GreatPlains Hyperion Lawson Kronos UBA XMLmessages JAVA.net SharePoint JDEdwards HTMLwebpages 4 FTI CONSULTING, INC. FINANCIAL AND ENTERPRISE DATA ANALYTICS (FEDA) 5

5 INDUSTRY EXPERTISE OUR SERVICES Thecompany sfedapracticehasproven FinancialServices/Banking fraud detection and investigation CUStoM web applications expertiseinprovidingourconsultingservices tomanydifferentindustries,including: Automotive Construction Insurance Manufacturing Pharmaceuticals PrivateEquity FEDA sfraudanalyticsreliesoncustomisedmethodologies tosuitaparticularinvestigativeneedandisbasedupona largeanalyticslibraryofpossiblefraudindicators. Fraudanalytics FEDAprofessionalshaveexperiencedevelopingcustom webapplicationsinwhichtheclientandotherthirdparties canview,monitor,manipulateandreportonmassamounts ofdatafromaflexibleuserinterface.utilisingtoolssuchas PHP,JavaScriptandmanyopen-sourceframeworkstohost, ConsumerProducts EnergyandUtilities Retail Telecommunications FCPAandUKBriberyReviewandMonitoring Anti-moneyLaundering secureandpresentdata,thesewebapplicationscanbe usedforstructureddatareview,ongoingcompliance monitoringorsimplyc-suiteoroperationalpresentation TransactionalandOperationalDueDiligence andreportingofanalytics.thissolutionallowsfor RegulatoryResponseCoordination cost-efficientandeasyglobalaccesstodata. EmployeeandVendorFraud ViSUaLiSation Weproduceeasytounderstandbutdetailedvisualisations data analytics fromcomplexdatasources,facilitatingandsimplifying OurFEDAteampossessesadeepknowledgeofmost dataanalysis,dataminingandidentificationofanomalies. majorerpsystemsandvastexperiencedealingwith Visualisationofcomplexinformationtellsthestoryof customisedproprietarysystems.weleverageanumberof thedatainaneasytounderstandgraphicalformat. advancedanalyticalsoftwarepackagestojoindisparate TheFEDAteamusesseveralsoftwareprogramstocreate datasetsintoasinglerepository,designandperform thesevisualisations,includingtableau,i2andproprietary customisedanalysestoidentifytrends,patternsand FTIConsultingtools. outlierstoaddressourclients needs.whetherthesource isphysical(i.e.paper),astructuredelectronicrepository SYSteM review/due diligence oroperationalenvironment,oravailableontheweb, FEDAprofessionalscanextracttherelevantdataand utiliseitinameaningfulway,including: TheFEDAteamperformsfull-scalereviewsandITdue diligence,oftenaspartofthem&aprocess.independent, thirdpartyduediligenceoncomplexitinfrastructure, Identifying,extracting,andreconcilingfinancialdata Designingandimplementingdatabasesystems financialreportingandtransactionalitenvironmentshas becomecrucialintoday sdata-intensiveindustries. Comparingormergingdatafromdisparatesources Developingdatareviewmethodologiesandprocesses 6 FTI CONSULTING, INC. FINANCIAL AND ENTERPRISE DATA ANALYTICS (FEDA) 7

6 OUR TEAM No longer can the tools of yesterday be used to resolve the issues facing us tomorrow Robert Brunner Senior Managing Director Global Head of FEDA OurLondon-basedteamareproficientinawiderange oflanguagesandincludesprofessionalsfromanarrayof backgroundscoveringmanyindustries. Ourprofessionalshaveextensiveexperienceconducting fraudinvestigations,regulatorycompliance,dispute resolution,systemcontrolsandaudits,riskreview, valuation,datadiscoveryandmanyothers. Wehavethecriticalcombinationofbusiness,legalprocess, anditknowledgetobridgethegapbetweenthekeyplayers inaninvestigationorlitigation. Ourteam sspecialities: Abilitytoprocessfinancial,transactionalandoperational datausedinlitigation,fraud/theftinvestigations, FCPA/anti-briberyviolations,patentandcopyright infringement,productliabilityandgrouplitigation.this includestheabilitytodevelopfinancialmodels. DataAnalysisoftherelevanttransactionaldata,and ElectronicReviewcapabilitiestocollectandshare informationsecurelyviatheinternetamongallinterested partiesinacentralised,cost-effectivefashion. Full-Scopediscoveryofelectronicallystoredinformation relevanttolawsuitsorregulatoryinquiries -TraditionalunstructuredeDiscovery( ,fileshares, servers,etc.) -Enterprisestructureddata(tradingsystems,treasury systems,g/lsystems,etc.) -Industry-specificdata(BloombergCommunications, SWIFTMessaging,etc.) Identification,collectionandhostingofbank SWIFTmessages.Thiscanbeinresponsetocompliance failures,wherebywecanassistinscreening/reviewing problematictransactions. Abilitytobuildcustomised,cost-effectivetoolsand webappsfordataanalysis,searchingandreview. Web-EnabledClaimsManagementtoestablishaprocess ofrespondingtopotentialclaimsandperforming confirmationandcalculationofdamagesinacentralised electronicenvironment. TechnicalDueDiligenceonthequalityofthedata, systemsinventory,securityanalysisandinfrastructure, penetrationtesting. Extractingdatafromonlinesocialnetworks(e.g. Facebook,Twitter,blogs)andperformingcomplexdata visualisations. 8 FTI CONSULTING, INC. FINANCIAL AND ENTERPRISE DATA ANALYTICS (FEDA) 9

7 CASE STUDIES LitiGation and dispute resolution casebyidentifyingandreportingonindicatorsoffraud(red regulatory and investigations aseriesofembeddedreferences.theclientcouldthen InthelargestreportedPonzischemeinUShistory,FTI Consultinghasbeenretainedbythecourt-appointedtrustee undersipaintheliquidationofbernardl.madoffinvestment Securities(BLMIS).FTIConsultingisprovidingtheTrustee withforensicaccounting,complexfinancialandenterprise dataanalytics,documentmanagement,andeconometric analysis/expertwitnessservices.ourmultidisciplinaryteam, includingexpertsinelectronicevidence,dataanalysis, forensicaccounting,securitytradingandfraudinvestigations continuetoassistthetrustee scounselwithrequestsrelating flags)thathavebeenusedinmultiplelitigations.inaddition, FEDAanalysedtheBLMIScomputersystems,reviewed systemcodeandreconstructedcertainsystemfunctionality. Finally,throughidentification,processingandnormalisation ofseveralterabytesofstructureddatafromtheproprietary systems,backuptapes,paperdocumentsandmicrofilm records,fedaandthefticonsultinginvestigativeteam successfullyrecreatedover25yearsofbooksandrecords. FTIConsultinghasassistedamajorglobalfinancialinstitution performareviewofhistoricaltransactions,overaperiodof severalyears.thefocuswascentredontransactionswhich potentiallyinvolvedtradewithsanctionedindividualsor companies,asdefinedbytheustreasuryoffice(officeof ForeignAssetsControlOFAC).FTIConsultingprovidedthe clientwithdocumentmanagement/review,complexfinancial dataanalyticsandglobalhostingservices.ourspecialist teamoftechnologyandfinancialdataexpertsassistedthe clienttoidentify,collate,reviewandcategorisequestionable discountfalsepositiveconnections,inadditiontosearching formissingmessages.thisutilisedfticonsulting sindustryleadingreviewplatform,ringtail,tohosttheentire messagepopulation,offeringawiderangeofsearchingand codingcapabilities.fticonsultingwereabletoprovidethe clientwithascalablesolutionthatcouldbeimplemented foraparallelglobaltransactionreviewofthismagnitude. Thisallowedthemtorespondtotheregulatorwithinthe imposedtimeframeswithinbuiltqualitycontrolprocedures, maintaininganextremelylowerrorrate. toamyriadoflitigationandforensicactivitiesprovidedby transactionsinordertorespondtotheofacrequirements. thetrustee,counseltothetrustee,thesecuritiesinvestor ThisinvolvedlocationsacrossEurope,theAmericasandAsia, ProtectionCorporation(SIPC)andvariousinternational dealingwithavarietyofinformationprivacychallenges.this entitiessuchastheliquidatorintheuk. requiredacombinationoffticonsulting stierivdatacentres intheunitedstates,theunitedkingdomandaustralia, Thecomplexityandsizeofthefraudrequiredtheanalysisof alongwithin-countrysolutions. amassiveamountofinformationanddata.fticonsulting performedtheextraction,transformationandloading Internationalfinancialtransactionsareoftenactioned ofmultipledatasourcesinordertodevelopcomplex viathesocietyforworldwideinterbankfinancial financialanalyseswithuser-friendlyreportingcapabilities Telecommunication(SWIFT).SWIFToffersavarietyof (includingbothdatabasemanagementanddocumentstorage solutionstoeverydayfinancialtransfers,facilitatedby managementsolutions).fedadevelopedandexecuted theirglobalmessagingsystem.fticonsultingperformedthe numerouscomplexanalysestosupporttheinvestigation extraction,reconstructionandprocessingofover100million andlegalactionsbroughtbythetrustee.fedadevelopeda archivedswiftmessagefiles,inordertoofferaplatformto systematicprocessandmodeltotracefundsthroughaweb performacomprehensivetransactionalreview.avarietyof ofrelatedaccountswithintheblmiscustomerpopulationin archivingprocesses/challengesresultedintherequirement ordertogeneratethetrustee scalculationofeachindividual toreformatmanyfilesintotheisostandardswiftformats. customeraccount s NetEquity balance.inconjunction FEDAdevelopedaseriesofprocessestoassisttheclient withthemassiveamountofdocumentreview,thestructured duringmessageextractionandscreening;improvingthe dataanalyticsteamaddedsignificantvaluetotheoverall efficiencyandaccuracyofpreviouslyappliedtechniques. FEDAdesignedandimplementedprocessestoreconstitute financialtransactionsbylinkingrelatedmessagesthrough 10 FTI CONSULTING, INC. FINANCIAL AND ENTERPRISE DATA ANALYTICS (FEDA) 11

8 ABOUT FTI CONSULTING Whenfacedwithcriticalchallenges,organisationsfrom aroundtheworldturntofticonsultingforourspecialist skillsandpracticalinsights.fticonsultinghasextensive industryexperienceacrosseurope,middleeast,africa,the AmericasandAsiainareassuchasinvestigations,litigation, mergersandacquisitions,regulatoryissues,reputation management,andrestructuring. WithUS$1.5billionrevenuesandmorethan3,800 professionalsworldwide,weprovidecriticalthinkingat thecriticaltime. CORPORATE FINANCE/ RESTRUCTURING Restructuring/Turnaround services Bankruptcy Support Services Transaction/M&A Advisory Private Equity Performance Improvement Interim Management Investment Banking Valuation FORENSIC AND LITIGATION CONSULTING Forensic Accounting Global Risk and Investigation Practice Dispute Advisory Financial and Enterprise Data Analytics (FEDA) Intellectual Property Trial Services Governance and Compliance Construction Solutions TECHNOLOGY Complex Data Analysis Computer Forensics Electronic Discovery Strategic Security Ringtail Native File Processing STRATEGIC COMMUNICATIONS Crisis Communications Reputation Management Investor Relations M&A Communications Public Affairs Media Relations Strategy Development ECONOMIC AND FINANCIAL CONSULTING Complex Economic Analysis Dynamic Modelling Anti-trust Bank Support Damages Intellectual Property Regulated Industries 12 FTI CONSULTING, INC.

9 for further information, PLeaSe ContaCt: London + 44 (0) main + 44 (0) fax EUROPE, MIDDLE EAST, AFRICA ASIA PACIFIC NORTH AMERICA LATIN AMERICA about fti Consulting FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. FTI Consulting professionals, who are located in all major business centers throughout the world, work closely with clients to anticipate, illuminate and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring. More information can be found at FTI Consulting, Inc. All rights reserved.