Caja de Valores modernized their core applications with Visual COBOL to realize significant cost savings and performance improvements. They achieved a 70% reduction in IT costs, 50% faster transaction processing, and improved developer efficiency. Visual COBOL future-proofed their applications on the Bull Mainframe platform and allowed them to securely manage equity transactions into the future.

1. Visual COBOL future-proofs business
applications for Caja de Valores

2. How modernization
made the difference
for Caja de Valores
Realized 70% IT cost savings
ROI applied to application modernization initiatives
Improved application stability and availability
Achieved 50% performance improvement for
business transactions
Improved developer efficiency

3. About Caja de Valores
INDUSTRY: Financial Services
CORE APPLICATIONS: Management of equity transactions, tax and compliancy reporting
COUNTRY: Argentina
Established in 1974, Caja de Valores
is Argentina’s Central Securities
Depository and plays a key role in the
capital market.
The company acts as the IT Operations
and Support platform for the Argentine
stock market system and provides
secure purchase, sale, clearance
and custody services for the
Argentinean marketplace.
Caja de Valores also manages the
Electronic Securities Transfer System,
which processes transfer instructions
from various participants.

4. The challenge: secure the future
Caja de Valores had a large resource-intensive trading
portfolio, and concerns over the cost and stability of running
it over an ageing Bull Mainframe platform. In addition, users
were experiencing a quality of service degradation.
Re-writing existing apps was deemed too risky and costly,
as was a move to packaged applications that would need
needed expensive tailoring. Instead, Caja de Valores saw
the attractive economic benefits of a distributed and
more modern application platform to reduce its ongoing
operational costs.

5. Moving to a modern
development environment
After the application re-platform project was
complete, Caja de Valores has seen a significant
improvement in availability and stability.
The new environment, under Visual COBOL,
provides faster transaction processing speeds,
with improvements as high as two to three times
their original levels. This has allowed overnight
batch processing and its associated costs to
be reduced.
Modernization has set Caja de Valores up
for the future: the company plans to integrate
existing COBOL business modules with
future developments using modern
programming languages.
Caja de Valores has also seen an increase in
developer efficiency – the team uses Visual
COBOL daily, and there’s excitement over its
new functionality and the future possibilities.
ORIGINAL PLATFORM: Bull Mainframe
APPLICATION RE-HOST TECHNOLOGY: Visual COBOL for Eclipse, COBOL Server

6. Signed, sealed, delivered
“Thanks to Visual COBOL, we are now
able to plan a progressive and integrated
modernization strategy. Using Visual COBOL
within our modernization project has
given us unrivalled application platform
stability, improved customer satisfaction
and led to significant cost savings.
Visual COBOL was the right choice
for our business.”
Alejandro Wyss
CIO, Caja de Valores

7. Your journey begins here
Discover how Micro Focus application re-hosting can help you
develop, maintain and modernize your apps here.
Read the complete Caja de Valores success story in the case study.
See how other companies are modernizing their COBOL applications.