Lack of flexibility, interoperability and modularisation have hindered changes in the derivatives industry over the years. Here’s what firms are looking for as they consolidate vendors – because it’s more than just reducing your TCO.
Be smart:
Less is more.
TREND SHEET
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One Partner, One Platform, Big Payoffs
You know you need to modernize. A hybrid approach that’s based around a modular single platform enables you to incrementally add capabilities – a big relief when concerned about disruptions of operations and budget approvals are hard to come by. It also diminishes the risks that come with big-bang conversions, shortens the time between contract signing and go-live, and causes fewer disruptions.
More gain, less pain
Cost and efficiency are inextricably connected, but the multi-vendor add-ons that have proliferated over time often can’t integrate with others and lack interoperability with existing internal systems. That’s why an efficient, uninterrupted flow of front-to-back-office activities tops the modernization wish list.
Hand in hand
These days, budgets don’t get the go-ahead based on cost alone – it’s all about enabling growth across the organization. Firms are looking for growth from expanding into new products, services or client segments. So when you present your vendor consolidation case, put the emphasis on how a modern, unified platform accelerates your time to market.
Turn stop signs into green lights
The shift toward outsourcing is increasing as cloud adoption gathers steam. Business Process as a Service (BPaaS) can be pick and choose ranging from technical to operational outsourcing and can take away the burden of managing non-value-add operational processes. Partnering with a proven leader reduces capital expense, quickly expands your scalability and functionality, and gives you access to the latest innovations and expertise.
BPaaS is S-M-A-R-T
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When consolidating vendors, partner stability and reputation become crucial, trust the leader to help you slash costs, boost efficiency and achieve your growth objectives.
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John Smith, FIS
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back
in anticipation of future uncertainty
Increase protection
and ensure they pass any new compliance or regulatory changes
Modularization is quite or very important
89%
Third-party integration quite or very challenging
Get in touch
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81%
ut enim ad minim venia.
36%
0
Internal interoperability crucial or quite important
95%
Spreading cost over time is quite or very important
81%
New services quite or very important
85%
New products quite or very important
Considering BPaaS
59%
Using BPaaS
23%
*All data is sourced from Acuiti Business Intelligence,
Increasing Efficiency in Cleared Derivatives Post-trade (2021)
%*
0
%*
0
%
0
%
0
%
0
%
0
%
0
%
89%
Third-party integration quite or very challenging
Modularization is quite or very important
Acuiti Business Intelligence: Increasing Efficiency in Cleared Derivatives Post-trade Technology, 2021
CLICK HERE to read or scan the QR code
CLICK HERE to read or scan the QR code
What if there was a way to eliminate the tasks that don’t differentiate you – and get a quicker ROI from your derivatives technology at the same time?