Project Overview
In a strategic move to redefine its business model, a leading global asset manager partnered with IVY Partners to transition from a traditional technology-based financial services provider to a forward-thinking technology company specializing in financial services.
This transformation was centered on an ambitious cloud migration initiative, designed to overhaul its technology landscape, streamline operations, and achieve significant cost savings.
Our client’s challenges
- Outdated technology and operating models: The legacy systems and operational frameworks were no longer fit for purpose in the digital age.
- Regulatory compliance across orders: Navigating multiple jurisdictions and their regulations added layers of complexity.
- Inefficient software development life cycle (SDLC): Modernizing the SDLC was critical to increasing agility and responsiveness.
IVY Partners’ Strategic Solution
Our Cloud migration approach was comprehensive, addressing each facet of the migration with precision and foresight:
Business Case Development: Aproved by the Executive Board, we conducted a thorough assessment of the potential benefits, evaluating the technological landscape, organizational structure, data centers, public cloud partnerships, and reviewing approximately 500 applications.
Optimal Cloud Strategy Identification: We explored various multi-cloud strategies to find the best mix of application refactoring and migration, aiming for the highest investment returns and technological advancement.
Cloud Platform Deployment: Implementation of a robust cloud platform encompassed identity and access management, security, compliance, network infrastructure, migration strategies, monitoring, DevOps, and automation.
Migration Blueprint Design: Working alongside business unit technology teams, we crafted a detailed migration plan for 500 applications and set up a migration factory for streamlined execution.
Operational Blueprint Development: The final step involved creating a comprehensive operational framework for the new cloud-enabled enterprise.
Achievements and Impact
The three-year migration programme is set to deliver remarkable results:
Financial Efficiency
Projected to achieve an Internal Rate of Return (IRR) of 24%, with net savings of approximately £15 million over five years from direct infrastructure cost reductions.
Strategic Advantages
- Enhanced market access and global customer expansion.
- Improved service provision scalability.
- Accelerated development and deployment of new applications.
- Quick adaptation to evolving customer needs and competitive landscapes.
- Increased value extraction from data, fostering innovation.
This enterprise cloud migration case study exemplifies how strategic technology investments can drive significant financial savings and align IT infrastructure with corporate vision. By embracing cloud solutions, our client not only achieved substantial cost reductions but also positioned itself for sustained growth and innovation in the competitive financial services landscape.
Ready to transform your business?
Begin your path to technological advancement and tap into the benefits of cloud computing with IVY Partners. Whether you aim to enhance operational efficiency, reduce expenses, or drive innovation, our experts are ready to provide the support and guidance you need. Contact us today to discover how we can assist in achieving your business objectives.