Investment Manager : Selection of Portfolio and Order Management Tools
Our client, a global asset manager, was using out-of-date and under-performing technology to determine investment decisions.
The ability to change and add new functions to the applications was limited resulting in manual workarounds, errors, and the inability to launch new products quickly.
Broadgate gathered requirements from the business areas to build a tender.
We reviewed the market for products and ran an RFP process to assess the contenders.
We managed the contracting process and assisted the client with the migration and implementation of the new toolset.
The implementation of the new product set enabled our client to deliver and manage additional security asset classes on a single platform, reducing the time-to-launch of new products by an average of 3 months. Input errors were reduced by 98%.
In addition, over £450,000 was saved through the reduction in infrastructure required to operate the new platform.