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
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 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
Role Clarity of all the team members and leadership and expectation towards the cloud migration
Digital Transformation Experts
Talk to our experts to find out how you can accelerate your business through Digital Transformation Consulting Services.
DIGITAL TRANSFORMATION Blogs
Shyam is the Chief Architect in the IT Department of YourBank and, as can be expected, plays a key role in all the bank’s major digital initiatives. In one of the bank’s highly visible mission-critical AI/ML program, there is a need to build a complex ML engine that...
The tree and the iceberg offer some of the most profound lessons for both personal and professional life. The roots of the tree bear its weight allowing it to grow to greater heights; the deeper the roots the more resilient the tree is to disruptive forces. Personal...
Background In today’s world ask many a CXO – They would swear by the buzz on Customer Obsession. Some would go to the extent of saying that is the only purpose of their organization. Ask the management gurus – what is the biggest cause of an enterprise failing. They...
More Success Stories
LET'S START A CONVERSATION
PM Power Consulting
PM Power Consulting helps organizations achieve agility in design and delivery of software and services.
PM Power Consulting Pvt. Ltd.
354/3, I Cross, I Block, Jayanagar
PIN Code: 560 011
Phone: +91 80 2657 5292