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Third Party Pricing System evaluation and identification for a leading US based Asset Manager

Third Party Pricing System evaluation and identification for a leading US based Asset Manager

Business Need

The client wanted to have a global pricing system that would meet the pricing requirements of all the regions by either enhancing the existing system or by implementing an appropriate Third Party Application.

The client also wanted to enhance the existing in-house application to build additional data quality management tools and reports for the tactical need to have improved controls in US.

HCL Solution

  • Define and document business and technical requirements for GPS
  • Solution based on evaluation of the following:
    • Build Solution - Complete Build/ Buy-Build proposition
    • Buy Solution - Evaluate COTS products
  • Detailed project plan and implementation approach for the chosen pricing system solution
  • Tactical Development of the current reporting functionality
 

Challenges

  • Interaction with regional business users for gathering requirements for global pricing system
  • Maintaining regular communication between multiple product vendors and ensuring the vendors response within stringent timeline
  • Lack of documents detailing the current system and processes
 

Value Delivered

  • An elaborate buy option evaluation report
  • Comprehensive business requirement document for global pricing requirements
  • Detailed Project plan and implementation approach for the chosen solution
  • Enhanced control for the business user by adding new reports and developing the annotation facility for the reports
  • Code review report highlighting the areas of improvement and feasibility of reuse of code

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