Credit Lyonnais to Use MEGA Simulation to Optimize Internal Business Process and IT System Efficiencies.Business Editors/High-Tech Writers NEWTON, Mass.--(BUSINESS WIRE)--April 21, 2004 Using MEGA Simulation to Support Value Chain Initiative to Refine, Validate and Continuously Improve Core Business Processes MEGA International MEGA International is a leading Business Process and Enterprise Architecture software and solution provider. In 1986 MEGA developed the first European enterprise modeling software for Windows. , the leading independent provider of business process excellence and enterprise architecture solutions, today announced that Credit Lyonnais' Retail Banking group (CLRB CLRB Canada Labour Relations Board CLRB Communal Land Rights Bill (South Africa) CLRB CraigsList Review Board ClRB (per)chlorate Reducing Bacteria CLRB Cost Limit Review Board (NASA) ) has begun deploying MEGA Simulation as part of its value chain initiative to improve internal business processes. MEGA Simulation is a decision-making tool that assembles appropriate data and integrates all the elements required to simulate business processes. It is often used in analysis phase of projects so that different business process improvement hypotheses can be tested. With the objective of increasing company performance and improving satisfaction to its over six million customers, CLRB has been implementing a value chain initiative for the past several years. This initiative introduces new management practices and disciplines that help the organization measure the cost and performance of each activity within the value chain. The end result translates into a higher economic performance for the organization and increased service value to its customers. In support of this value chain initiative, CLRB sought out a solution so that managers could "try out" possible options within a project before any implementation. They were looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a tool that would help them to identify best possible scenarios and make optimal decisions that achieved ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). and were in line with performance plans. After an evaluation of other simulation tools on the market, CLRB selected MEGA International's MEGA Simulation to achieve this goal. In addition, CLRB contracted with MEGA's business consultant experts to help implement and analyze the results of the MEGA Simulation module. CLRB chose MEGA because of its expert business process analysts and its comprehensive simulation tool that integrates easily into its already existing repository of information, minimizing investment. According Philippe Haniquaut, CLRB business process project manager, "Management is the key point of any business process-oriented approach. MEGA Simulation is a powerful means to help us manage our value chains and validate our decision-making." CLRB has already identified several value chains where the application of MEGA Simulation will bring significant gains. Using MEGA Simulation, CLRB has been able to develop advanced optimization scenarios to refine time, cost and resource allocation resource allocation Managed care The constellation of activities and decisions which form the basis for prioritizing health care needs in the context of the company's complex business processes. "The ability to evaluate conjoint con·joint adj. 1. Joined together; combined: "social order and prosperity, the conjoint aims of government" John K. Fairbank. 2. criteria using MEGA Simulation makes it a very powerful tool to make decisions on concrete and objective basis," said Michel Raquin, senior executive at CLRB. "Simulation allows us to make better choices." The preliminary phase of the simulation initiative was completed in January 2004. In the following months, CLRB plans to use MEGA Simulation on four to six major business processes. In 2005, the bank plans to expand the use of Simulation of up to 15-20 business processes. About Credit Lyonnais Credit Lyonnais' Retail banking has a network of 1,844 branches in France to meet the needs of its six million customers. It contributes over half of the Group's total net profit. Asset management attracted EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 10 billion of new funds in 2002 amid very tough market conditions. It now has almost EUR 140 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . Financing activities continues to place a strong focus on structured finance, and investment banking on strengthening its position in niche activities. Credit Lyonnais has improved its financial structure substantially, with a fivefold fivefold Adjective 1. having five times as many or as much 2. composed of five parts Adverb by five times as many or as much Adj. 1. increase in earnings over four years and a Tier one ratio of 8.2% in 2002. About MEGA MEGA International (www.mega.com) is the leading independent provider of Business Process Analysis (BPA BPA British Paediatric Association. ) and Enterprise Architecture (EA) solutions. Side by side with client design teams, MEGA's highly trained, project-proven consultants deliver concrete business results to drive enterprise competitiveness. MEGA solutions improve organizational efficiency by connecting fast changing business processes with IT development efforts. MEGA BPA and EA Solutions enable business and IT stakeholders to drive bottom line profits, unlock new customer value, and otherwise minimize the risk involved with changing critical business processes. Founded in 1991, MEGA has delivered successful projects to over 800 clients. MEGA's process-oriented consultative approach has provided significant value to its clients including Alitalia, Allianz, AXA AXA Anguilla, Anguilla (Airport Code) AXA Alpha Chi Alpha AXA Animal Crossing Ahead (online forum community/guide to the game Animal Crossing) AXA Auxiliary Artery , British American Tobacco British American Tobacco Plc (LSE: BATS, AMEX: BTI, KLSE: BAT) is the second largest listed tobacco company in the world. It is based in London, England and is a constituent of the FTSE 100 Index with a market capitalisation of over £29 billion as of June 2005. , Credit Lyonnais, General Electric EP, Renault, Societe Generale, Target, Vitro and Wyeth. MEGA is headquartered in Paris, with offices in Boston (USA), Birmingham (UK), Munich (Germany) and Milano (Italy) and with partners located around the globe. MEGA supports over 23,000 software licenses In computing, software that is copyrighted and licensed under a software license is done under a variety of licensing schemes. For end-users there are proprietary licenses and there are free software licenses, and there are proprietary Within these schemes are further classifications. worldwide. All product names used herein are for identification purposes only and may be trademarks of their respective companies. |
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