Cost Optics: An Overview

Post on 21-Mar-2017

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transcript

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

Find out more about us at

www.costoptics.com