Solution introduction

IAWMC has excellent relationships with, and an in-depth knowledge of, all of the key financial services systems and vendors serving our market. This gives us a significant competitive advantage as we can often fast-track the selection process for clients who are considering changing systems or implementing a system for the first time.

Our well tried and tested system selection methodology utilises our standard templates which can significantly shorten the selection process, it also provides a well-structured, documented and disciplined process that is auditable.

Types of systems our consultants have selected include:

  • Portfolio management
  • Order management
  • Post-trade compliance
  • Middle & back office administration
  • Client reporting & communications
  • CRM & workflow
  • Private banking
  • Capital gains tax

Based on our extensive knowledge of the vendor landscape we are also well placed to assist our clients with commercial negotiations to help them to get the best possible terms and service levels.

Following the selection of a new system we are often retained by our clients to help with the implementation, we can help in a number of ways:

  • Programme and project management
  • Target operating model
  • Assisting our clients and the system vendor to understand any gaps and assist both parties in agreeing and putting in place a mutually satisfactory solution
  • Dispute resolution and remediation
  • Working with our clients and the vendor to ensure that the detailed requirements are accurately gathered and that the system configuration progresses smoothly
  • Data migration and archiving
  • Test planning and test management
  • New operational procedures
  • Model office test planning and testing, simulated ‘real life’ testing of the system, the procedures, and the operational teams. This is an important final step in any system implementation and is based on simulated business events to ensure that they flow correctly from the start of the process to the end

Please do get in touch with us to discuss how we can assist you to fast-track your system selection initiative

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