Success Stories

Implementation of a market leading third party product for a leading Asset Management Firm leads to a reduction in the turnaround time by 40%

• The Client wanted a fully integrated database solution which had inbuilt accounting rules and could also meet the instruments handling requirements and could cover the following functionalities:
  • Web- Enabled
  • Straight-through processing
  • Automated Reconciliation
  • Trading and order management
  • Portfolio management, modelling and analytics
  • Risk management
  • Performance measurement and attribution
  • Cash management
  • Multi-Currency
  • Security and position administration
  • Fund administration
  • Compliance and regulatory reporting
  • Accounting
  • System administration and interfacing
• A flexible solution in which new functions or financial instruments can be deployed by adding new modules
• Reduce operational risk

• Identification of profiles for training
• Product training on the third party product
• Operational knowledge of Asset Management and Funds Administration

• Identification of good BA profiles with 4-5 years of experience in the Asset Management domain were identified for training on the product
• Three resources from HCL were trained onsite at Third Party product's location for a month
• These resources were then deployed in the projects and have been continuing since then

• HCL has a Third Party product CoE with over 35 Third Party product certified resources. This has helped in quick ramp up of the team when required without affecting the delivery
• HCL provided business analysts who not only had a thorough understanding of the domain but also were also able to automate the testing process thereby reducing the turnaround time by 25%

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