Evaluation, selection, implementation and post go-live support of a new Portfolio and Order Management System
Our client had completed an internal review of its front office architecture, with inconclusive results. Alpha was engaged to assist in identifying the optimal front office architecture, and its impact on the middle and back office functions. Historically, the client’s different business areas had selected IT solutions independently, which had led to a lack of consistency across the front office in terms of both applications and data.
- Alpha interviewed key stakeholders and reviewed existing documentation to determine the client’s IT strategy and guiding principles and aid decision making
- The team then defined several application and data architecture models, benchmarked the client versus standard market practice and provided a high level review of which vendors could meet functionality needs
- Alpha completed an assessment for each model, to weigh up implementation efforts and annual costs, and provided a final recommendation that incorporated the whole analysis
The client was able to compare their current state architecture model with industry peers, and identify which option would best meet their future aspirations. The guiding principles helped to keep conversations focused in a collegiate environment with a large number of stakeholders.
The client also gained new insights into different architecture options and available IT vendors. Alpha introduced a new approach towards considering data architecture, addressing many existing issues and aiding in their overall decision making process.