Utility model Control with COBRA

Controlling is often a resource intensive environment requiring highly qualified staff to manage day to day processes. By taking years of finance control experience and encapsulating 'Best Practice' into COBRA our customers are able to quickly realise return on investment through better use of resources as well as generating value add to key areas of their business.

COBRA allows the daily control process to be treated as a Utility through

Data Standardisation
Rationalisation of Control processes
Formalising and standardising reporting
Automation
Workflow
Ease of Global deployment
Ease of Access

In use at DRKW

COBRA, as a multi facet, cross asset, global platform enforces standardisation across multiple regions. Day to day processes and reporting are ringfenced, enabling this element of a control function to be driven using resources which require an operational skill set.

Expensive, qualified and experienced product controllers with expertise in specific financial instruments are not efficiently employed on daily process driven tasks. By creating a utility model around COBRA's standardisation and automation, the control function have realised synergies via cross training of a less qualified skill base which in turn reduces overheads in terms of resource costs. A reduced number of product control specialists are left to concentrate on value added contribution rather than daily P/L production.

Regional utility teams underpin the global product specialists. As this model develops and synergies are realised, COBRA, as a web based global solution, gives DrKW the future optionality to:

extend the model and functionality to include operations control functions.
consider both centralisation and off-shoring as the next steps towards a cost effective control function