One Source of Truth in Reporting and Forecasting for World’s Foremost Outfitter

Whoarewe...

Cabela’sCLUBVisa® Background§ Cabela’sCLUBVisastartedastheBankCard divisionofNationalBankofCommerce(NBC)in1969indowntownLincoln.InFebruaryof2000,WellsFargopurchasedNBC.

§ Cabela’sInc.purchasedpartoftheformerNBCBankCard portfoliofromWellsFargoandcharteredanewbank,World’sForemostBank,onMarch24,2001.

§ World’sForemostBank(WFB)isaspecialpurposebanklocatedinLincoln,NE.WecanonlyissueconsumercreditcardsandlargedepositCDs

§ WFBisawhollyownedsubsidiaryofCabela’sInc.

§ WFBretainstheonlygrandfatheredportfoliothatcanbewhollyownedbyaretailchain.

Cabela’sCLUBVisaPrograms• CLUBVisaBlack:218,982accounts(7.9%)

• 5%onCabela’spurchases• Annualspendof$25,000ormore• 46.4%oftotalpurchases

• CLUBVisaSilver:365,668accounts(13.1%)• Earn3%onCabela’spurchases• Annualspendof$10,000- $24,999• 28.2%oftotalpurchases

• CLUBVisaClassic:2,200,177accounts(79%)• Earn2%onCabela’spurchases• 25.4%oftotalpurchases

Cabela’sCLUBOtherPrograms

RequirementsandSelection• OperatingonanoutdatedSRCsystemandaLegacyAS400accountingsystem

• Toolforindividualandconsolidatedfinancialreportingacrossnumerousentities

• Scalability&Flexibility• Onesourceoftruth• Forecasting,budgetingandstrategicplanning

• Options• IBMTM1• SAP• Oracle

Founded in 2001Performance management consulting firmOver 200 performance management customerseCapital Advisors employees:

• Dedicated to Business Analytics and helping client better understand business drivers

• Proven record and high customer satisfaction

• Highly experienced project team

• Experienced data warehousing experts

• Over 100 Cognos technical certifications

eCapital Advisors Overview

Complete Range of Business Analytics and Performance Management Services• Strategic assessments & technology roadmaps

• Project Managers with extensive implementation experience and a proven methodology

• Business consultants with planning, financial reporting & consolidation delivery experience

• Technical consultants with DW skills & proven delivery best practice experience

• Customer enablement services (Certified IBM Cognos training instructors)

• Software reseller – provide software quotes and license configurations, renewals

eCapital Advisors Overview

ClientChallenges• Complicatedbusinessmodel• ForecastscompleteddailyandmonthlyusingExcel

• Workbookinstability• Tediouscompilingofdepartmentaldataintosinglereports

• Notraceabilityofinput• Multipleversionsfloatingthroughvariouscomputerdrives

• Complicatedforecastingcalculationswithbrokenexcelformulas

• Inconsistentamongdepartments• Notraceabilitytomanualadjustmentswithexplanations

• Longfrustratinghoursconsolidatingresultsandpresentingfinalreportingpackages

KeyRequirements• FinancialGLconsolidationforreportingActuals

• Driverbasedreportingandforecasting• Newaccount• Activeaccounts• Revolvingrate• Recoveries• Purchases• Returns• Delinquentaccounts• Applications• Fees

• Traceability

• SpecializedExpenseEstimation• Retaillabor• Driverbasedlabor• TT&E• VisaBill• FDBill

• EaseinConsolidation• AdditionalUserAccess• EnterpriseIntegratedInputs

• GLInformation• SalaryInformation• CapitalInformation

ClientApproach

• NeedactualGLdatareporting• Provideanentrypointfordepartmentleads• Onesourceoftruthratherthanmultipleworkbooks• Speedandaccuracyofdataload• Needabilitytopushdatabacktocorporateretailforecast

Solution• Detailedcubestructuretoensurecontinuityandaccuracy.

• Driverbasedcalculationsforexpenses

• “Triggered”eventstodriveconsistentexpensetomultipledepartments

Solution– continued• Planningonadaily,weekly,monthly,annualand5-yeartimeline

• GlobalAssumptionsusedtoplanvariousincomeandexpenses

• Complexrulebasedcalculationsincludingvariableamortizations

• MarketingCubes

Solution– continued

• WebAccessforallusersbasedonreportinghierarchy• Commentsinallreportsthataremovedbetweenmodels• RobustCDMreportingpackages• Easeofuse• Speedofchangesandreporting• Customizationandflexibility• Automationthroughprocesses

Impact

• Implementationmeetingallexpectations• Nomanualefforttoconsolidateactualfinancialsformonthlyreporting• Traceabilityofentry• What-ifanalysistodrivewhereeffortsshouldbespent

• Consistentandaccurate• Accesstoinformationismoreefficientandwidespread• FinancedepartmentcananalyzeandadjustspecificdriverstodeterminehowitwouldeffectoverallP&L

• Ratherthantediousexcelworkanalystsanddepartmentleadsareabletopushexpense,revenue,CapitalExpenditure,corporatesalary,dailyaccountactivity,marketingandretaillaborprojectionsintofinancialstatementswithinsecondsratherthandays.

IBMisaworld-classallyforthisjourney

Valu

e

Maturity

Today’s challenge

Realize performancepotential

Drive analyticinnovation

Forecasting success

Elevate with predictive

Better outcomes

Analytic agility

• Spreadsheets for reporting and analysis

• Enterprise resource planning budgeting

• Isolated applications

• Disparate data

• Financial and operational performance management

• Rolling forecasts

• Key performance indicators (KPIs) and scorecards

• Statistical algorithms to improve information under uncertainty

• Predictive intelligence

• Driver-based planning and forecasting

• Near-real-time analysis

• Scenario analytics

• Narrative reporting

• Dashboards and management reports

Span the enterprise

First steps

Status quo Integrate and accelerate

Automate and model

• New analytic modeling and enhancement

• Product and customer profitability analysis

• Continual alignment of resources with opportunity

Cabela’sTM1ImplementationWorkStreams

• CorporatePhase1• FinancialReporting• BudgetingandForecasting

• ClubBudgeting,ForecastingandReporting• CorporatePhase2

• RetailSalesandLaborplanning• DistributionCenterLaborPlanning

Corporate Phase One

CorporatePhaseOne

• WebApplicationforuserstocontributetoForecastsandBudgets• DistributedFinancialReportsviaTM1Web• AbilityforCanadateamtocontributeintheirlocalchartofaccountsandcurrency

• SynchronizedlevelofdetailbetweenBudgetingandForecasting• CreatedanautomatedCashFlow

RetailSalesandLabor

RetailSalesandLabor

• AutomatedanexhaustivemanualExcelprocess• Allocatedsalesdetailbyproductcategorybasedonhistorytoinitiateplanning

• Builtintheabilitytoadjustcalculatedvaluesateverylevelofdetail• IntegrationoffinalRetailSalesvaluesstraightintothecorporatebudgetmodel

DCLaborPlanning

DCLaborPlanning

• Replacementofexistinghomebuiltsystem,lessthantwoyearsold

• Wantedtobringallbudgetingprocessesintoonesystem• Streamlinedplanningprocessthroughintegrationoflaborvaluesautomaticallyintothecorporateincomestatementmodule

• Enhancedexistingfunctionalitywherepossible

NextSteps

• CLUBInitiatives• LiquidityModels• Charge-offsModels• ReserveReportingandForecasting• Monthendcloseaccrualworkpapers