Enterprise-wide Finance Backbone Cloud Migration

Enterprise-wide Finance
Backbone Cloud Migration

Find out how our Consultants helped a large investment firm embrace digital in their critical finance areas over 6 months

22%

Increase in throughput Agility

46%

Increase in functional automation

Business Impact

Since partnering with PM Power Consulting, the client (who is an Financial Services Firm) has observed a significant impact to their business across various KPIs. At a high level, below is a quick snapshot of the impact that the business has observed.

Financial Services Company transforms itself to a Digital Savvy Business

Client is an investment firm with one of the largest AUM and AUA in the world

The Challenge

The investment management firm had software in all their essential services. Due to years of acquisitions and traditional business processes, there was multiple system duplication.

Their main challenges were:

Multiple applications doing similar business processes aiding the decision making
Yearlong experimentation of cloud migration after trying many different technologies
Business adoption / movement from the legacy systems to the cloud due to data issues

Technology leadership was absolutely committed to rally the finance organization to go Digital along with the executive leadership commitment to see cost reduction, putting them in a much better position to consolidate their decision making processes.

Services Used:

Passion for developer experience with Greg Foster – part 1

PM Power Consulting

Passion for developer experience

CHOW #314: Tips for speaking up in the presence of senior management

A manager, who has recently been promoted to that role, had difficulty speaking up in the presence of senior management. She confessed to her mentor that she tended to escape

Speaking ‘Up’

Introduction Many managers and emerging leaders have trouble with speaking up – may be expressing their opinion in a peer forum, speaking in the presence of senior leaders within the

tag_pg_sc

Digital Transformation Experts

Raja

Zafar

SK

Shiv

Paramu

K. Prasad

Approach and Solution

Our Consultants facilitated the Cloud Migration using a structured approach:

Blueprint of cloud migration using combination of snowflake, Power BI and AWS along with the technologists within the organization
Creation of a Data governance forum for the business and technology changes at the inception, architecture and design
Creating an understanding of Work Intake process and transparency of work coming in from several business teams through a single prioritized channel
Enabling the Visualization team to partner with the ETL teams while data is migrated so that faster feedback from users are obtained
Focus on the automation of data loads while setting up automation engines and enabling unit testing in the data feeds level
Enabled an agile team for data gateway from 100+ feeds that were coming in so that they can be on-boarded and data quality is maintained

Working with business, design and technology organizations to focus on external challenges that need to be addressed with the provision of empowered teams

Outcome

Role Clarity

Role Clarity of all the team members and leadership and expectation towards the cloud migration

Througput Increase

22% increase in throughput (raw velocity) in 1 years since the start of the program

Live in 3 Monhts

One of the dimensions’ went live with 21 levels of views that they were able to see in less than 3 months

Automation in place of Functional

46% automation in place for the functional side and approaching to 90% on regression automation; efforts are underway to increase automation effectiveness and more involvement from finance teams towards deeper transformation of business processes

Trusted Relationship

Trusted relationship with business on the cloud migration effectiveness after several changes have gone live with superior quality every 2 weeks.