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Case Study 6:
Front and Back Office Re-engineering / Enterprise Architecture
The Client:
Leading Financial Services Firm with worldwide presence
The Challenge:
Current application architecture and processes were determined to be inadequate in terms of functionality, reliability and scalability
The Solution:
The HBS Consulting team used its broad expertise and financial services domain knowledge to accurately and quickly do the following:
- Understood the client’s diverse set of business requirements
- Created a detailed requirements document that captured the “As Is” business process, people, and systems
- Deployed the MAPSTM methodology to coordinate efforts between subprojects
- Deployed business modeling expertise to re-engineer mission critical financial processes
- Developed “To Be” enterprise architecture model
- Analyzed regulatory compliance requirements
- Evaluated possible solutions and conducted Gap Analysis between client requirements and vendor product capabilities
- Developed recommendations (process, organization, people, systems) and a roadmap / action plan for meeting client’s objectives |
The Benefits:
Working collaboratively with the client and using our expertise, the HBS engagement team was able to provide the client with several benefits including:
- A requirements document that clearly captured client’s enterprise wide requirements
- An “As Is” process, people, and systems model and landscape that allowed the client to clearly see the current state and areas of change
- A “To Be” enterprise architecture model for the optimized state that the client could achieve
- Solution evaluation and Gap analysis that allowed client to accurately and confidently make business and financial investment decisions
- Detailed process, organization, people, and systems roadmap that provided for the steps required to achieve the recommended optimized state |
Our work provided the client with the information, analysis, model, architecture, and plan to achieve needed scalability, regulatory compliance, cost savings, operational efficiencies, and organizational change. The client would also be able to achieve the needed operational and strategic agility to develop new products, acquire new customers, and grow the overall business both organically and through mergers and acquisitions.
Case Study 1 - Case Study 2 - Case Study 3
Case Study 4 - Case Study 5 - Case Study 6
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