Mission Statement
Mergers and Acquisitions are an everyday fact of life in the Trust and Corporate Services world.
Short time scales, variable quality data inputs, requirement for repeated trial runs and UAT cycles - Alteryx is perfect !
Our client, a prominent offshore multi-jurisdictional trust company faced significant challenges as part of its expansion plans.
The imminent acquisition of a new book of business from an exiting market member introduced complex data integration issues.
The daily data process was highly manual and spread across legacy systems and needed to be integrated into our client’s Quantios NAV One platform,
Without automation, our client would have to adopt the current process with its significant manual interventions and professional services to reconcile and process the incoming data.
This manual process was time-consuming, error-prone, and would hinder the company's ability to scale its operations.
Tools Used
Alteryx Designer
Alteryx Server
Detailed Solution
To address these challenges, Continuum implemented a robust and automated solution leveraging Alteryx Server. This powerful tool streamlined the entire data integration and processing workflow, significantly reducing manual effort and improving data quality.
Alteryx Server imports the latest data file on a daily basis - this data is extracted, cleansed and prepared by Alteryx Designer and posted to the client’s NavOne instance. At the same time, the data is reconciled.
Key benefits of the solution included:
Automation of Data Integration: Alteryx Server automated the complex task of extracting, transforming, and loading data from legacy systems into the quantitative NAV platform.
Enhanced Data Quality: The automated process ensured data accuracy and consistency, minimizing the risk of errors and inconsistencies.
Increased Efficiency: By automating routine tasks, the company freed up valuable FTE resources and accelerated the time to market for new products and services.
Scalability: The solution was designed to scale with the company's growing business needs, enabling them to handle increasing data volumes and complexity.
Conclusion
By implementing Alteryx Server, the offshore trust company achieved significant improvements in operational efficiency, data quality, and overall performance. The automation of the data integration process reduced the need for additional headcount, saving significant costs. The company is now well-positioned to capitalize on future growth opportunities with confidence.