Oct 14, 2020

Overview

Our client, a specialized investment manager, is an affiliate of one of the world’s largest asset manager.

The parent company made a strategic decision to decentralize a majority of the shared services it provided, primarily in the areas of operations and technology, down to affiliates

As a result, our client had to replace the portfolio accounting, performance measurement, straight-through processing, and reconciliation systems currently provided by the parent company. This included batch processes, workflows, and internal controls.

After a system search-and-evaluation process, the firm decided to implement Eagle’s STAR & Performance Modules. The firm also decided to implement Brown Brothers Harriman’s Infomediary product for trade settlement and reconciliation.

Cutter Solution

The client asked Cutter Associates to manage and assist in the implementation of the Eagle platform.

Facing an extremely aggressive and immovable deadline, we took on the following roles and responsibilities:

  • Project Management: We managed day-to-day activities of a team made up of ten vendor staff members and 16 client staff members, including IT and business professionals. Cutter served as an intermediary to quickly resolve issues, and coordinated conversion and cutover activities during the go-live weekend.
  • Business Analysis: We led the documentation of the business and vendor requirements, as well as the testing of conversion files developed by the parent company.
  • Test Management: Cutter prepared detailed plans for end-to-end testing and system integration testing.

With our expertise, the client was able to meet all of its project objectives, on time and on budget.