Investment Management Company Boosts Operational Performance with HCL Workload Automation
What we achieved
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Automated
delivery of critical operations
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Reduce
operational costs
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Made
cloud transformation easier
To who
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Industry Finance
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Products: HCL Workload Automation
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Region Global
Overview
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Part 1
Challenge
Investment management company had outdated software and technology processes hindering their operational performance.
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Part 2
Solution
A business assessment identified areas of improvement and cost savings by integrating HCL Workload Automation.
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Part 3
Results
With HCL Workload Automation tools, the investment company saw improvement in operational performance, reduction in cost, sustained quality and efficiency of services, and easier transition to cloud transformation.
The Challenge
Founded in 1924, this investment management company is one of the oldest asset management companies in the world and has been credited with pioneering the mutual fund. Like everyone else, they were looking to advance their technology resources and replace outdated software and systems. They struggled with poor vendor relationships in the past and dissatisfied with performance and relationships. Seeking a company and product able to meet their legal compliance and operational needs was the primary goal.
The Solution
The client initiated an in-depth evaluation of their existing technology landscape, with specific focus on the solutions pivotal to their daily operations. The aim of this assessment was to pinpoint areas with potential for enhanced operational efficiency. They engaged with AWS and extensively consulted with Gartner, seeking insights to refine their strategic options. Their exploration began with an enlightening article by Gartner, that shed light on HCL Workload Automation through SOAPs. HCLSoftware's product was found to be superior to the products they analyzed of any other provider, with key capabilities enabling our democratization of automation. Their line of businesses is demanding more control in the journey to becoming Digital and HCLSoftware is a key technology player enabling enterprises to become digital+ through HCL Automation Orchestrator Suite.
The Results
HCL Workload Automation provides several solutions within its tool belt that boosts the investment company’s operational performance. Clara and HERO are big differentiators reducing annual operating costs. The cloud-native functionality led to a smooth transition to Azure, resulting in a faster transition to cloud transformation. Automated delivery of critical operations is the top improvement of efficiency. Reduction in operational costs while maintaining quality and effectiveness of services proven by Clara and HERO. HCLSoftware’s knowledge and authority in solutions and being able to effectively execute business assessments and deliver measurable results is the key benefit. A relationship the investment management company can depend on.
About the company
The investment management company is an American-based global investment manager. Founded in 1924, they are one of the oldest asset management companies in the world and has been credited with pioneering the mutual fund. The very first mutual fund is still in operation today. They had USD$448.7 billion in assets under management as of April 30, 2017. They currently have over $661B assets under management.
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