Wealth Management Giant Slashes Costs by 40% with Coforge's Cloud-Powered Reporting Revolution .
Overview.
A leading financial services firm in the US faced a daunting challenge in the rapidly evolving investment management landscape. The dispersed data landscape with multiple sources of customer and organizational data hindered operational efficiency, limited strategic decision-making, and hampered innovation. The client recognized the need to unlock the full potential of its data assets to achieve strategic business goals and operational efficiency.
Dispersed data landscape with multiple sources of customer and organizational data.
Hindered operational efficiency and limited strategic decision-making.
Need to unlock the full potential of data assets for strategic business goals.
Solution.
A dedicated team of data pioneers embarked on an enterprise-level Master Data Management (MDM) implementation, leveraging cutting-edge technologies and industry best practices:
Integrated data from multiple suppliers, creating a single source of truth for customer and organizational data.
Established a robust data processing framework to consolidate and cleanse disconnected data, reducing manual effort and ensuring data integrity.
Facilitated seamless collaboration and flexibility between internal and external users, enhancing data accessibility and driving informed decision-making.
