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HCL improves the turnaround time for a global Canadian bank

HCL improves the turnaround time for a global Canadian bank

Client Information

Client is a leading banking services provider based out of Toronto, Canada.

Business Challenges

  • Complexity and diversity in business process definitions
  • Understandable diversity in terms of processes and methodologies followed between divisions/lines of business (defining of standard process and standardization of reports required extensive workshops and process definitions)
  • Complex financial management model
  • Data migration/integration (various system information had to be translated, mapped and migrated over to Clarity and feeds to and from Clarity built to allow it to be the book of record for all project related information including associated financials)

Business Benefits

  • Iterative methodology allowed quick turnaround times with detailed requirements getting finalized along with the POCs via facilitated workshops
  • Streamlining of business processes with the customer agreement
  • Onshore and offshore model adopted to optimize resource deployment and leverage the opportunity to work with the customer team
  • Design an automated process workflow for the implementation of existing financial business rules
  • 140+ legacy reports mapped to 10 Clarity reports to meet management reporting requirements
  • Extension of CA Supplied Universes for client specific needs for ad-hoc reporting
  • Clarity Analytics Star Schema extension, developed Clarity Data Extract (ETL Engine) to move data from the Clarity transactional database to the Star Schema
  • Added OLAP Cubes for analytical and historical snapshots capabilities

Client Testimonial, if any

"Today marks the first day of Clarity Live. The fact that we delivered a whole new project / portfolio management and time reporting system that replaces a number of very complex and antiquated legacy systems is a testament to the hard work and dedication of every person on this email (probably more)…whether your journey on the program has been long or short, it is worthy of your pride…
This is truly a significant accomplishment."

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