Established in 1947, our client is one of the most respected global financial investment firms. With 600+ experienced professionals working across 25 countries, they specialize in providing outstanding asset management services to an extensive range of customers. As part of a constantly evolving industry, they faced consistent pressures and novel opportunities. By partnering with HCLTech, they were able to manage these expectations by digitizing their legacy reporting platform and introducing automation into their migration process for more efficient operations.
The Challenge
Keeping pace with changing business needs
Our client was immersed in a highly dynamic industry, with rapidly changing conditions and opportunities. To remain competitive, they had to continuously innovate and adjust their strategies according to changes in the market. Moreover, they required quick problem-solving capabilities while adjusting their solutions to suit various operational environments. It was essential that our client remained agile and flexible enough to respond swiftly when presented with new value propositions or challenges. They had to stay ahead of the game by staying updated on trends and developing creative solutions to maintain success.
The Objective
Transforming legacy sales reporting with modernization and migration
Our client needed a comprehensive solution to meet the challenges of today's ever-evolving business landscape. To stay ahead of competitors, they sought a partner that could help them digitalize their legacy global sales reporting platform and embed automation in their migration process for smarter Snowflake operations, as well as implement global sales and asset marts (GSAM).
The Solution
Iterated approach to implementing centralized data management platform
HCLTech leveraged its 15+ years of experience in the industry across multiple geographies, working with leading global investment managers, custodians and fund managers to implement domain-led IT solutions bolstered by third-pay product competency. This enabled the global adoption of Snowflake and standardization and automation in the legacy data platform migration to Snowflake. Additionally, we modernized multiple base tables and aggregate tables along with numerous files and jobs to Snowflake Cloud on AWS. Furthermore, with the acquisition of another company, our client was able to offer two independent accounts of Snowflake on AWS and Azure which further enabled advanced analytics capabilities for sales and asset marts.
The Impact
Smarter operations, integrated advanced analytics enabling sales prediction
HCLTech's impact on our client's operations was profound, driven by our integrated approach and diverse capabilities:
- Our implementation of a centralized data management platform, powered by Snowflake, revolutionized data handling
- We introduced adaptive and scalable platforms that flexibly adapted to evolving business requirements
- By replacing outdated technologies with streamlined data structures, we optimized operational efficiency
- Integration of advanced analytics empowered predictive sales forecasting, enhancing decision-making capabilities
