Operations & Migrations

In the implementation of a dedicated business model, it is essential to set up the underlying operational units and system landscapes effectively and efficiently. Acting on this principle, the Operations & Migration Team will assist you in the analysis, design and implementation of your setup.

In the securities and capital markets environment, we focus on the integration of systems, processes and business areas. Furthermore, we accompany you in the creation and realization of sourcing strategies. We support you in the digital transformation with the help of Business & Requirements Analysis, Software & Provider selection, Integration and Migration of systems and processes.

We offer you full support along the value chain - from change management to support of the "run-the-bank" processes.

Example of a success story

Outsourcing fund administration

1

Initial situation

 

Our client, a global asset manager, has set itself the goal of sustainably reducing its existing, too high cost structure.

The group of companies introduced a cross-border cost-cutting project to relocate several processes into a group-owned shared service center in India.

We supported our client in this project from the analysis and definition of transferable processes through the preparation and planning of the process handover to the actual migration of processes including go-live support. In addition, we have provided the project management including PMO.

2

Consulting approach

1. Design Phase

  • High-level analysis of existing fund administration processes
  • Definition of the activities to be relocated and calculation of the savings potential

2. Preparation phase

  • Detailed process documentation and definition of future distribution of process activities
  • Change management of necessary IT changes
  • Preparation of the migration phase including development of a training plan and Standard Operating Procedures (SOPs)
  • Defining KPIs / SLAs incl. privacy issues
  • Design processes for outsourcing controlling

3. Migration phase

  • Detailed process documentation and definition of future distribution of process activities
  • Change management of necessary IT changes
  • System and process migration including introduction of a training plan and Standard Operating Procedures (SOPs)
  • Introduction KPIs / SLAs 
  • Establishment of necessary processes for outsourcing controlling

3

Success story of our client

  • Successful implementation through strong methodological skills, project management, PMO support and status reporting
  • Identification and detailed documentation of the processes to be relocated
  • Ensure planned FTE savings and reduce operating costs
  • Ensuring and transferring clearly defined and reliable processes
  • Definition of a continuous outsourcing controlling
  • Ensuring high process quality in the shared service centre through appropriate training concept
  • Optimization of the planned future workflow
  • Smooth change from change-the-bank to run-the-bank

Together we write success stories

  • The combination of experience, curiosity and courage enables us to offer expert advice from the conception of a business model to the implementation and monitoring of third-party providers.
  • We originate from the industry and bring process and system expertise in asset management and banking.
  • Thanks to years of implementation experience we at NEXGEN have a solid overview that enables us to efficiently develop new requirements and optimizations.
  • Exceed Clients Expectations - We look at challenges holistically and develop solutions that will exceed your expectations on a regular basis.
  • We think outside the box and develop innovative solutions
  • We believe that success will be generated when working with our clients becomes true teamwork. You can rely on implementing your success story together with us as a trusted advisor. 
  • Through a regular exchange with software providers, we offer you the opportunity to support you in the technical implementation.

Your contacts at NEXGEN

Guido Becker

Managing Partner

Tel.: +49 151 223 333 75
E-Mail: guido.becker@nexgenbc.com

Sladjan Seferovic

Managing Partner

Tel.: +49 179 948 876 57
E-Mail: sladjan.seferovic@nexgenbc.com

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We are at your disposal for a conversation. Contact us!