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Cloud Enablement

Find out how our Consultants set a Financial Services company on the journey to reap benefits from adopting the Cloud for the first time.

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A CASE STUDY

percent savings targeted across several application portfolios and infrastructure costs

increase in productivity/speed-to-market to deliver critical business requirements

Cloud Strategy for a Financial Services Company

Client is a Financial Services Company serving both institutional and retail customers across a wide variety of financial products. Business is characterized by mission-critical high volume financial transactions and requiring high degree of compliance to market regulations.

The Challenge

 The Financial Services company was struggling with the following challenges, with no experience leveraging Cloud at all for any of their business areas:

  • Legacy technology that did not lend itself to the demands of today’s Digitally connected world
  • Lack of end-to-end knowledge of systems landscape, making quickly adapting systems a nightmare
  • Ever-growing data volumes meant exponentially increasing TCO and complexity, especially from expensive database license costs
  • No leverage of Cloud

Approach and Solution

Conducted a Digital Maturity Assessment and identified key focus areas to address the specific business challenges with IT

  • Identified solutions to address specific issues related to product/platform performance, scalability and availability
  • Identified application portfolios that could migrate to the Cloud, along with the roadmap to achieve the same

Specific solutions to increase Tech agility, Automation, and infusion of continuous innovation with closed loop on customer feedback to stay close to pulse of the customer

The Outcome

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Cost Savings

Positioned the firm to save between 20% to 80% across their application portfolios and infrastructure costs from simplification, rationalization, and migration to Cloud model.

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Business Agility

Enabled the business to be nimbler in meeting customer demands through transformation of IT Operating model.

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Better Knowledge Management

End-to-end systems visibility and clarity on the application and technical landscape.

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PM Power Consulting helps organizations achieve agility in design and delivery of software and services.

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