ZFINANCE OF THE RISK ASSESSMENT PROCESS
Zircoo expanded software functionalities, including risk analysis panels, in line with Fiori concept.
ZFINANCE Of The Risk Assessment Process
Customer
A multinational energy corporation.
Challenge
The customer required a reliable software solution to assist risk analysts in utilizing future price forecasts derived from available market data. Choosing SAP as the sole provider, the customer sought seamless software integration facilitated by Zircoo, SAP’s trusted partner with extensive expertise in the field.
Solution
Through collaborative design brainstorming sessions, Zircoo pinpointed the customer’s specific business requirements, culminating in the development of a tailored business intelligence and analytics application. Augmented by the Fiori design concept, the solution boasted a modern, user-friendly interface, enhancing usability and accessibility for end-users.
Challenge
The client embarked on a large-scale initiative to modernize its software infrastructure, consolidating processes under a single provider, SAP. With Fiori applications being the standard within SAP, consistency across applications was paramount, aligning with Fiori’s core principles. Leveraging our extensive expertise in the field, Zircoo was enlisted to contribute to new developments.
The primary objective was to develop a robust system empowering risk analysts to leverage market data for future price forecasting. This system aimed to augment existing functionalities while addressing prevailing gaps. A key challenge was conveying to the client the transformative potential of Fiori applications, showcasing their ability to enhance operational efficiency and deliver superior user experiences.
Solution
Zircoo’s experts seamlessly integrated the Fiori design concept into existing business processes. Through collaborative design thinking workshops involving SAP design thinking coaches and client representatives, our dedicated team identified key business requirements and collaborated closely to devise optimal solutions. Specifically, within the risk analyst routine processes of ZFinance, Zircoo’s team engineered multiple Fiori applications to enhance risk identification and enable proactive responses to emerging opportunities.
Products and Services
Project Results
Through interviews with system leaders and staff members, Zircoo gained insights into the ZFinance planning process, scenario development, and the effectiveness of planned system capabilities.
During design thinking sessions, Zircoo experts unearthed latent inefficiencies in existing business processes, enabling the development of precise user experience metrics. With predefined metrics and established risk tolerance levels, risk analysts gained enhanced control over risk management activities, leading to improved evaluation and mitigation strategies.
Zircoo adopted a user-centric design methodology, prioritizing actual user roles over traditional monolithic processes. The new Fiori app introduced the following functionalities:
- Users can view a curated list of specific indicators and filter them based on defined criteria.
- Indicator identification is simplified, eliminating the need to search for technical IDs by linking indicators to pricing services, products, and locations.
- Users can easily identify areas where specific indicators are yet to be created.
- Functions like editing, copying, and displaying indicators are seamlessly integrated.
- Responsible managers can perform system audits to track changes effectively.
- Risk simulation and result analysis functionalities are available.
- Collaborative features enable users to add comments to documents regarding any applied changes to indicators.
Initial concerns regarding potential business process disclosures were mitigated through the demonstration of Fiori’s relevance and necessity.
