The goal of the transformation program was to reduce the technical complexity required to support multiple disparate platforms, decrease costs from duplicated data fees and increase straight-through processing—by establishing Avaloq as the global platform for front, middle and back-office functions for all the firm’s entities.
With Accenture as a consultant, project manager and technology partner, we worked with Avaloq and the firm to design, build and launch the Avaloq Banking Suite. We maintained strict scope management, performed robust functional testing and used Accenture’s proprietary data migration tool for seamless data migration.
To ensure the firm was confident in its new capabilities, we provided business training for front, middle and back offices and technical training for the IT team. With this training, end users with no prior experience of Avaloq were able to quickly adapt.