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C5 ALLIANCE SEMINAR DEMONSTRATES THE POWER OF DATA WAREHOUSING WITH WHERESCAPE RED Channel Island technology consultancy C5 Alliance recently hosted seminars in Jersey and Guernsey to demonstrate how new technology WhereScape RED can vastly improve the efficiency of data warehouse building and integration, bringing huge savings and benefits to local businesses. Dan Hare, director and business intelligence team leader at C5 Alliance, was joined by representatives from partner company WhereScape – a global provider of data warehousing software – to deliver the presentation and live demonstrations.
“The software makes building data warehouses much faster, automating 80-90% of the development process which is formulaic and usually very time-consuming. This means a much faster time to initial delivery and more time to focus on business rather than technical requirements. The new infrastructure also allows the business to react to new requirements, in regulatory reporting for example, much more quickly by allowing change to be managed more quickly and easily.” said Mr Hare. “Coupled with Data Driven Design software like WhereScape 3D, one can ‘retro-fit’ legacy data from existing line-of-business systems, or traditionally maintained data warehouses, into a RED data warehouse. Once the infrastructure is set-up, what you can do with your data is not confined to Business Intelligence and can be integrated with, and reflected in, the business’ primary platforms such as Microsoft CRM.”
The live demonstration used real source data from C5’s systems to build a simple data warehouse and Self Service Business Intelligence reporting system, thus showcasing the functionality of RED and how Along with showing how WhereScape RED improves the building of efficiently processes can be automated. data warehouses by automating code and promoting best practice throughout the process, the seminar also discussed data warehouse “The solution we have in the example was built using WhereScape integration with platforms such as SharePoint and Microsoft CRM, RED but resulted in a standard Microsoft SQL Server BI solution, and their application in delivering regulatory reporting requirements. so if you were to unplug RED you would still have a fully functional, automated, best practice data warehouse,” said senior consultant at C5 Alliance recently published a white paper on FATCA reporting WhereScape, Terry Mooney. which outlines how, by using a data warehouse in conjunction with CRM software, companies can automate the reporting process and The event followed C5 and WhereScape forming a partnership in drastically cut down on time and resources. November last year, allowing C5 to offer even more business solutions to local clients. “The great thing about the capabilities that RED provides us with is that the type of solutions we can provide using this technology “The events have had a great reception, which highlights C5’s are flexible. What works for FATCA can quickly be adapted for position as a trusted advisor in the Channel Islands,” said Miriam future requirements such as the “UK FATCA” and whatever is next. Cook, account director at WhereScape. Traditional solutions just can’t match this, so we have the possibility to give local financial institutions a real competitive edge,” said Mr “We typically don’t go out and form partnerships freely; we look Hare. for quality not quantity, along with synergy and understanding of the methodologies that we adhere to. C5 demonstrates all of these The seminar looked in-depth at the competitive benefits RED can qualities with a focus on cost-effectiveness, something that a client offer to companies by increasing the credibility, speed, value, agility, wants to hear about in our very tight economy.” quality and scalability of their data and infrastructure.
CAREY OLSEN LEGAL EXPERTISE ASSISTS IN HMV RESCUE PLAN Carey Olsen lawyers were selected by HMV Group plc to act for it in its application for an administration order over its local subsidiary, as part of a wider plan to save the retail group in a hearing before the Royal Court of Guernsey on Tuesday, 6 March. Litigation partner, Tim Corfield, successfully represented HMV Group plc in the application before the court for an administration order in respect of HMV Guernsey Limited. HMV Guernsey is one of the guarantors of a £127.2 million debt owed by the parent company to a syndicate of lenders including the Royal Bank of Scotland plc. The Carey Olsen advisory team was led by Tim Corfield and included Elaine Gray, Tony Lane, David Jones, Tim Bamford, and Jamie Oldfield, who worked with HMV Group plc’s English lawyers, Linklaters LLP, to demonstrate the case for unifying the position of HMV Guernsey with the UK HMV group companies. The court order means that Nick Edwards and Rick Garrard, the independent, court-appointed officers from Deloitte LLP in London and Guernsey, will bring their retail restructuring expertise to bear in the plan for a strategic rescue of the company and the group as a going concern. Advocate Corfield said, “It has taken some time to establish that the Guernsey store, operated through HMV Guernsey Limited, has the potential to be a trading, profitable part of the overall HMV group strategy to rescue the business of that group as a going concern.
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“With Hilco’s acquisition of the debts of the HMV group, it was imperative to bring HMV Guernsey Limited, which has been geographically and economically on the periphery of the recent affairs affecting the group, into the fold so that it may be counted among the potentially profitable and important aspects of a wider restructuring and rescue strategy.” HMV Guernsey recorded revenue of £7.1 million and profits of £56,000 for the 39-week trading period to 26 January 2013, and continues to trade, however a total net equity liability to its parent company of £4.3 million for its Guernsey-based fulfilment operation which closed last year, along with the guarantee call in the sum of £127.2 million, left the Guernsey company insolvent.
GUERNSEY’S STYLE MAGAZINE
08/05/2013 12:19