| Client Profile | A leading global investment management firm that provides a wide range of financial services to a substantial and diversified client base. |
HedgeTek helps automate complex partnership allocations for a Hedge Fund Administrator
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Problem Definition |
The client had hired external consultants to work along with their internal team to come up with partnership allocation system to meet several unique business requirements for very large, highly complex, multi-tiered and multi-currency fund structures. At the onset, due to the complexities, and lack of documentation the requirements were not easily defined and no automated process could be implemented. |
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Solution Offered |
Fi-Tek’s application – HedgeTek was selected through a vendor selection process as a solution to address the complex allocation structures. Fi-Tek’s business analyst team along with the client’s internal team worked through several revisions until both the teams derived the final requirements. As the implementation was made, a significant number of new enhancements were again identified, which needed to be incorporated into the application. In addition to the revised application, previous workarounds requiring manual intervention were automated with new features. With this iterative revision process, the system was able to automate most of the complex requirements. |
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Benefits Derived |
Fi-Tek’s integrated end-to-end platform as well as its strict client focus, and ‘solutioning’ culture which facilitates delivery of customized solutions, resulted in the following tangible benefits for the client:
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