Transforming a traditional firm for the modern era

Overview: How we made a money manager’s technology infrastructure as sophisticated as its investment strategies

Challenge

A private mutual funds company was outgrowing its financial systems. While the firm’s investment strategies were sophisticated, its use of technology was not. KPMG helped the company transform its finance platform, replacing a dated operating model and processes with a powerful Workday Financial Management engine and then administering the system for the client.

Approach

As a systems integrator, COS approaches projects from a leading practices perspective, delivering solutions that enable continuous improvement and scalability, and optimizing systems for each client’s needs. KPMG significantly reduced operating costs for the client while expanding platform capabilities, centralizing processes, and enabling the infrastructure for a future-forward culture.

Outcome

• Reduced manual processes through financial modernization and automation
• Replaced reliance on complicated, back-end, Excel-based modeling with a predictive reporting and forecasting Workday framework
• Expanded capabilities and gained operational effectiveness
• Outsourced Software-as-a-Service support and ongoing enhancement responsibilities