The client, a large investment firm with $100 billion in assets under management, wanted to implement an Enterprise Data Management program and consolidate their trade order and portfolio management systems. They hired Hexaware to assess their current systems, recommend a future state architecture, and evaluate data management products. Hexaware analyzed the client's portfolio management, front office, middle office, investment finance, and risk management systems. They identified issues like a lack of data governance and multiple inconsistent data views. As a result of Hexaware's work, the client implemented a single centralized investment data source, clean downstream data, reliable business data reporting, and a robust data governance framework.

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