EDM Assessment (Current State Analysis and Future State Definition) for a large Investment Firm

1. A Investment Management Division of a Large Insurance Company located in the US having approx. US$ 100 billion worth of assets under its
management
Client Overview
Case Study
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EDM Assessment (Current State Analysis and Future State Definition) for a large Investment Firm
The Challenge
• Client’s Executive Steering Committee decided to launch a 3 – 5 year Business strategic program
to implement an Enterprise Data Management Program (EDM) and consolidate trade order
management system/portfolio management to better align itself to the current market place and
ensure that various business units have the appropriate data sets to take key decisions.
• They were looking for a partner to carry out a strategic assessment of key business lines,
recommend the future state architecture and evaluate market products for data management
solution.
Solution Overview
• Assess as-is application landscape in key business areas
- Portfolio Management
- Front office and Middle office
- Investment Finance
- Enterprise Risk Management
• Evaluate Future state data management solution for various Front office and BPO solution
• Evaluate data management product for EDM architecture
- Prepare RFP
- Evaluate the products &
- Recommend final product
• Provide Future State EDM solution and roadmap for implementation
Challenges faced by Hexaware Team
• Absence of single point of truth for reference data
• Absence of central hub for investment data
• Design of data storage and data flow is flawed
- Multiple layers of systems are required to restructure data for reporting - inconsistent view
of data
- Changes to the upstream data are not necessarily reflected downstream
• Lack of Data Governance and Data Ownership
• Users unable to substantiate all data and reports from warehouse
• Lack of front end data validation
Banking & Financial Services
Value Delivered
• Single and centralized source for Invest-
ment Data
• Clean and pristine data for downstream
systems
• More reliable and timely source for
business data
• Robust data delivery framework
• Scalable data warehouse
• Robust data ownership and data
governance framework
• Reduction in manual processes
• Being able to leverage pre-designed data
model for Capital Market industry