Evaluating The Total Cost Of Ownership Of Cloud-Based Solutions
Within the capital markets and specifically buy-side firms, there are only a handful of systems used across the industry globally.
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Case Studies
Canadian Pension
Fund
– Large, multi-year digital transformation project to implement SimCorp Dimension, Snowflake, and new downstream reporting platform
– Client engaged EQUINOX CONSULTING team after 1+ year of on-going digital transformation project initially provide project support and executive advisory. EQUINOX CONSULTING team grew from a small team to trusted implementation partner with ownership of several critical workstreams
– EQUINOX CONSULTING team acted as workstream Leads for Data Migration, Accounting (ABOR), Investments (IBOR), Performance (PBOR), and Reporting solutions
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Results
– Client successfully went live with Phase 1 of project, with Phase 2 currently on-going
– EQUINOX CONSULTINGteam provided client executives with objective measures of test progression, roadmap planning and expedited delivery results
– EQUINOX CONSULTINGteam provided ownership of several project workstreams, built customized tools for client, and successfully delivered on all project milestones
Technology Stack
– SimCorp Dimension
– Snowflake
– PowerBI
– Barra One
– Bloomberg
Engagement Objectives
– EQUINOX CONSULTING team engaged to facilitate a successful migration from Legacy system to new Target operating model
– EQUINOX CONSULTING team provided oversight of project Quality Assurance efforts through the creation of a High Level Test plan for Executives, a Detailed Test Plan View for each individual work stream, and clear Reporting/Metrics to track progression
– EQUINOX CONSULTING team provided client executives with guidance on Digital transformation approach, capacity planning and defining project success criteria based on industry best practices and experience
Solution Highlights
– Built customized tools for client including Data Migration ETL processes/staging layer, and Reconciliation tools for IBOR, ABOR, PBOR and Data Migration
– Configured reporting solution out of SimCorp Datawarehouse through Snowflake to downstream reporting layer
– Significantly improved operational efficiencies through automating redundant processes and procedures in Target operating model
– Retrofitted all front-to-back office reporting solutions in new Snowflake and PowerBI Reporting platform
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