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
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A CASE STUDY
percent increase in throughput agility
percent increase in functional automation driving down costs significantly
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.
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
The Outcome
Role Clarity of all the team members and leadership and expectation towards the cloud migration
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