A Knowledge and Innovation Company
Quanam is a company which strive for innovation and knowledge management to offer the best services to our clients and protect the environment. Our key asset is the intelligent combination of our professionals’ talents: more than 400 specialists such as engineers, analysts, economists, administrators, accountants, statisticians and professionals in communication and change management. Harnessing our human professional team with tools, methodologies and proprietary systems, which are always applied, we have developed the best practices of business consulting, management and technology for leading companies of various segments.
It is inherent to our corporate culture to offer services provided by specialists who work teamed with our customers, offering support and assistance, at their offices or offshore.
We have long been in the market, constantly innovating since 1978. Our aim has always been our clients’ processes improvement and success, to which end we provide them with cutting-edge solutions and tools used to beat the challenges posed by an increasingly globalized economy.
NextBankin is a financial analytical intelligence tool that reshapes the way institutions operate based on proven industry best practices.
When organizations transform data into reliable information, they become more intelligent and more competitive. This transformation is our goal. To this end, we implement business solutions, with innovating techniques of Advanced Analytics, Big Data and Artificial Intelligence
"We worked as one team in every aspect."
Quanam provided BI and analytics services for an oil company. The team was tasked with setting up the client's planning solutions that determine their financial results.
"We worked as one team in every aspect."
Sep 29, 2021
Thanks to Quanam's engagement, they successfully provided a functional and effective solution. As a result, the client was able to manage their risk. A collaborative team, they engaged the internal team throughout the project's completion. Their adequate resource and knowledge were impressive.
The client submitted this review online.
Please describe your company and your position there.
I work for ANCAP, the National Oil Company here at Uruguay. My position isChief Digital Officer
For what projects/services did your company hire Quanam?
Quanam works for ANCAP on different projects related with BI, planning, Big Data, etc. It is our main contractor for our Data department. In this case, we worked with Quanam to setup our entire planning solution in order to forecast all financial outcomes and build "what if" scenarios depending on different external variables such as international oil prices or exchange rate
How did you select Quanam and what were the deciding factors?
As an Estate Owned Company, ANCAP chooses all vendors through competitive procedures. Quanam has been chosen by ANCAP over the years since it has consistently shown over the years an excellent quality on their service delivery having an excellent team of professionals and at the same time very competitive prices. Quanam has an impeccable reputation not only within ANCAP, but in Uruguay in general
Describe the project in detail and walk through the stages of the project.
Project was builded on IBM TM1. During the project we adopted some agile practices by forming a cell integrated by a finance representative as product owner and developers from Quanam and ANCAP itself. There was no scrum master since we did not apply the scrum framework completely, but we had a PM provided by Quanam and a counterpart from ANCAP IT department. Project was executed on sprints, growing the model sprint by sprint and adding new variables and modeles (oil prices coverage, exchange rate coverage, etc).
Project also included training to everyone at ANCAP not only to be able to use and understand the tool, but also to maintain and modify the models as reality changes. The project also included the automation of every data source posible, even date coming from outside the organization such as international prices
How many resources from the Quanam team worked with you, and what were their positions?
Between 2 and 4 depending on the sprint. Roles were developers with different levels of seniority as well as a PM
Can you share any outcomes from the project that demonstrate progress or success?
The success can be seen by the level of adoption at the time of relevant decision making processes. The planning solution built on that project is still growing and being enriched. It has become a key element to determine product prices and to contract different type of instruments such as oil prices or exchange rate coverages in order to better manage our risk.
How effective was the workflow between your team and theirs?
We worked as one team in every aspect. Including co-location.
What did you find most impressive or unique about this company?
The ability to bring very qualified resources very quickly upon request or need of the customer. It has very low rotation we actually get to know all consultants/developers
Are there any areas for improvement or something they could have done differently?
Not that I can think of