Outcomes
For this American investment bank, we incrementally modernized the legacy accounting engine, preventing any possible critical disruption of the customer’s business. This enabled our client to:
Situation
An American corporate investment banking services holding company — and one of the world’s largest asset managers — was burdened with a slowdown in the business due to legacy systems. With their monolithic applications, numerous limitations emerged. As a result, the client:
- Could not handle interdependencies
- Faced problems during onboarding, development, and deployment
- Experienced slow time to market, which made them fall behind their competitors
Impact
Due to the monolithic platform, the client was facing many challenges:
- If the client needed to check for a minor change or issue in the monolithic framework, the entire system had to be tested
- Given the slow time-to-market issue, there was a risk of customers exploring competitors for alternative options
- The pressure placed on the interconnected functional components increased the chance of failure
Resolution
We stepped in to help improve software quality and reduce maintenance costs.
- Knowing the client’s business could not afford any disruption to its day-to-day operations, we incrementally modernized their legacy accounting engine
- We constructed the solution with independently testable functional components