Case Study: Greenfield Set-up of Synthetic Prime Broking Desk for Cargill Investor Services
Quatro Solutions were engaged to get the implementation of a Synthetic Prime Broking system back on track.
The implementation involved three main components:
- Global1 for Security Finance,
- Xylinq for Client Reporting and
- Delta 1 Management and OST Accounting Solution.
During the requirements analysis phase, the project’s scope and complexity had been allowed to grow unchecked: requirements, components and interfaces were being added to and amended daily.
The team’s first task was to re-scope to a set of deliverables which could be implemented within 9 months – but which would still support a controlled business. The Quatro Solutions team applied their Business Solutions Design methodology to good effect – agreeing where system customisations were required; and where workaround solutions would be adequate.
This also fixed a set of Business Requirements and defined how the various business functions would interact both with the system components and with each other.
The new scope eliminated several unnecessary components. It removed and simplified interfaces – reducing development time. In turn this reduced the complexity and cost of integration and testing.
The team quickly developed a practicable implementation plan and maintained delivery focus to ensure the revised and ambitious deadline was met.
The team successfully turned around a run-away project into a successful business – still within the original $18m budget.
