Introduction
Our client was a FTSE 100 company and the leading provider of outsourcing services in the UK. The project was to future proof the Fund Accounting platform, providing both cost savings for the company and an improved client service. The core deliverables were the replacement of existing Data providers, Valuelink and Bloomberg, with FTID and Reuters; a phased migration of Funds from the existing Fund Accounting platform, Utopia, to Sungard InvestOne (IOE) and the implementation of Smartstream for both trade processing and reconciliations.
CubeMatch Deliverables
- Improved overall client service
- Provided an application that was easy to roll out to new clients
- Scalable with the ability to fully integrate with other strategic applications
- Automated solution for trade processing and reconciliations
CubeMatch Approach
- CubeMatch resolved existing clarity issues between business and IT and opened communication lines to complete a delivery plan
- The target architecture was reviewed to identify missing key components
- A strategic solution was selected and a revised delivery plan drawn up
- CubeMatch managed the project until its completion, dealing with significant changes in the requirements
Benefits Delivered
- The project went live in December 2008 and all 450+ client funds were migrated onto the new platform.
- Bespoke Project Management and specialist Business Analysis services were provided
- CubeMatch’s expertise in project management, business understanding and technology were used to successfully deliver this project
- The client has a strategic technological foundation for continued business realisation and expansion
- The relationship between the business and IT has been strengthened providing benefit for future projects
- The project was delivered on time and on budget