Financial Systems Consulting

The financial services sector today relies heavily on technology, and that reliance puts significant pressure on the technology. Financial technology solutions need to be synchronized with changing market demands. We help our clients identify the right solutions to support their specific business goals. As a key point of difference we boast more than technical skills; our consultants also have in-depth understanding of underlying business processes, finance and financial instruments. Most have more than 10 year’s practical experience.

Our offerings are targeted towards corporate treasuries (Across all industry sectors), government & central banks and financial institutions (including organizations managing: assets, investments, funds, hedge funds, as well as insurance and pension funds).

Virtusa is independent of any hardware or software vendor. Our in-depth knowledge spans systems such as WallStreet Suite, WallStreet Treasury, SimCorp, Pega, Charles River, SAP, Front Arena, Orc software, Pearl, and more.

Examples of services include: System advice, selection, and implementation; system architecture and development; customization, integration and measurement; upgrades; database management, data warehousing and business intelligence; technical trouble-shooting; project management.

Benefits delivered

Our focus is delivering expert knowledge and solutions to those working with financial services. Direct benefits to our clients include reduced operational risk, cost effective scalability, and enhanced efficiency by enabling clients to focus on their core business. Our expertise includes:

SimCorp Dimension

Virtusa SimCorp Dimension services coupled with the industry’s best practices help our clients reduce the complexity of system set-ups, thereby assisting them to take critical business.

SimCorp Dimension

In today’s highly demanding financial services industry, efficient processes, controlled information flows and perfectly tuned systems provide a critical edge to remain ahead of the competition. Organizations are now recognizing the need for a flexible, scalable, and adaptable solution to manage their day-to-day operations and mitigate risks while at the same time accelerate their business growth and reduce costs.

Virtusa delivers solutions that help in seamless integration of complex workflows to deliver faster and accurate business results. Our dedicated team of professionals has an in-depth knowledge of the asset management lifecycle which helps our clients cater to the evolving business needs of their customers.

What do we offer?

Virtusa has a first-hand experience in the asset management domain as our employees hail from leading asset management companies. This gives us a competitive edge with a good native understanding of the business drivers affecting this domain.

Our asset management experience combined with our technical expertise on SimCorp Dimension has positioned us as a preferred vendor among our financial services clients. Our services are spread across the entire realm of asset management cycle ranging from portfolio manager’s decision making & order initiation, crossing over to pre-trade analysis, risk & compliance assessments, trade confirmation to performance measurement, corporate actions and valuations to the final general ledger entries.

Benefits of working with us

Some of the sample benefits realised by our clients include the following:

  • Helps facilitate transparent audit trail and mitigate operational risk
  • Ensures compliance with regulatory norms such as AIFMD, Short Selling, Solvency II, Dodd Frank and EMIR
  • Enables and ensures efficient, accurate and fast straight-through-processing (STP) of all transactions
  • Helps in growing your business, expanding your transaction horizons and adding new mandates & strategies without proportional increase in costs
  • Expands possibilities for business growth allowing trading new instruments and asset classes

SimCorp Dimension Upgrade and Testing Methodology

Virtusa extensive experience in SimCorp Dimension upgrade and testing helps organizations reduce opportunity cost by minimizing demand on key internal resources.

SimCorp Dimension Upgrade and Testing Methodology

Some of the world’s leading organisations have trusted their SimCorp Dimension upgrades to Virtusa. As one of the leading SimCorp Dimension experts, we manage upgrade projects efficiently. By partnering with Virtusa, organisations can access the largest pool of experienced SimCorp Dimension consultants and profit from the knowledge gained from managing successful and efficient upgrade projects. Working with Virtusa will enable organisations to ensure a latest SimCorp Dimension functionality with minimum amount of effort, allowing them to maximize their technology investment.

A critical factor while upgrading the SimCorp Dimension suite is to ensure that current business requirements remain undisrupted when the version of the software changes. With a focused methodology that combines the right competence, engagement model, knowledge transfer and regression packages, Virtusa’s SimCorp Dimension Upgrade Methodology is the preferred choice amongst many vendor solutions in the market. By outsourcing the upgrades to Virtusa, organisations can focus on their core business and expect enhanced efficiency with every upgrade.

What do we offer?

Virtusa’s extensive experience in Simcorp Dimension upgrade and testing provides organisations with direct access to a highly skilled upgrade service team. Our testing methodology consists of a number of steps. Each step has its own processes, procedures and pre-defined deliverables. Organisations can have complete project control from initiation to project close via Virtusa’s SimCorp Dimension Upgrade Methodology. Virtusa’s holistic approach helps organisations from the initial idea to a fully live and operational platform with the new SimCorp Dimension version. The steps involved include:

  • Establishing phase includes a workshop to map the environment and the demands of testing. The test cases are produced after the findings in the establishing phase
  • Testing is performed and well documented. All exceptions are reported to the client and the vendor
  • All exceptions are retested and closed if the exception is solved. A full circle is done otherwise
  • Final report of the testing summarises all test cases and open issues are reported to the client for signing
  • After a year, the release notes will be performed and included in the establishing phase where relevant news will be pointed out to the client.

Benefits of working with us

Some of the sample benefits realised by our clients include the following:

  • Reduced opportunity cost by minimising demand on key internal resources and better use of their time to bring your business forward
  • Efficient testing methodology with best practices
  • Enhanced risk management
  • Significant reduction in cost due to predefined test cases and scenarios with reusable processes
  • A thorough documentation with a clear sign off at the end of the testing
  • A clear picture if the same problems are reported by the number of clients
  • A clear analysis on the release notes which will highlight relevant functions for your organisation.

Wallstreet Suite

Virtusa’s Wallstreet Suite solutions help in seamless integration of complex workflows to deliver faster and accurate business results.

Wallstreet Suite

In today’s increasingly highly demanding financial services industry, efficient processes, controlled information flows and perfectly tuned systems provide a critical edge to remain ahead of the competition. Organisations are now recognising the need for a flexible, scalable, and adaptable solution to manage their day-to-day operations and mitigate risks while at the same time accelerate their business growth and reduce costs.

Virtusa delivers solutions that help in seamless integration of complex workflows to deliver faster and accurate business results. Our dedicated team of professionals has an in-depth knowledge of the treasury management lifecycle which helps our clients cater to the evolving business needs of their customers.

What do we offer?

Virtusa has delivered services to Trema and its product “Finance KIT” since 1997, and has evolved since to become the true powerhouse serving the WSS community. We retain the world’s largest pool of WSS expertise on both a functional and technical level outside of Wallstreet Systems (now ION Trading). Our WSS expertise coupled with the industry’s best practices help our clients reduce the complexity of system set-ups. We maintain deep expertise on all modules within Wallstreet Suite.

Virtusa has a long history of Wallstreet Suite development and conversion of development into released standard functionality. Example development:

 

Benefits of working with us

Some of the sample benefits realised by our clients include the following:

  • In-depth knowledge of entire treasury lifecycle
  • Independent from any hardware of software vendor
  • Proven excellence in Wallstreet Suite since inception
  • Offering spans consulting and managed services
  • Flexible business models supporting both short-term and long term placement of consultants
  • Track record and references
  • Global network
  • 24/ 7 support
  • SOX and ITIL v3 compliant

SAP Treasury Management

SAP Treasury Management Offerings empowers treasuries to fulfill a more strategic role and focus on value- adding activities.

SAP Treasury Management

With the rise in global credit crisis and economic turbulence, it becomes a highly daunting task for large and global enterprises to ensure continuous access to liquidity while protecting their profit margins and complying with regulatory standards. Moreover, for an organisation, the market volatility underlines the importance to protect liquidity and profitability. As a result, the treasury departments lose visibility and control over the complex processes related to managing cash, exchange rates, liquidity, interest rates and their associated risks.

The SAP Treasury applications are a series of integrated solutions geared towards analysing and optimising business processes related to the treasury/cash management function of a company. These integrated solutions are designed to deliver valued insights, while enhancing efficiency in processing, paying, and controlling payments and risks. A majority of large corporations, banks and insurance companies can benefit from the SAP treasury applications by elaborating their functional expertise and integration capabilities into their current SAP landscapes.

What do we offer?

Our consulting expertise and financial systems support. services enable organisations to make the most of SAP’s Treasury applications We can help large and medium financial enterprises address almost all the challenges associated with the day-to-day treasury operations and thereby achieve transparency in managing their financial risks and automate processes.

Our broad array of SAP treasury application capabilities include:

Benefits of working with us

Some of the sample benefits realised by our clients include the following:

  • Empowers treasuries to fulfill a more strategic role and focus on value- adding activities
  • Identify and manage financial risks captured from operational systems
  • Optimise working capital and manage liquidity requirements
  • Reduce operational risk through greater control over outgoing payments
  • Reduce treasury management costs, cycle times, and resource demands
  • Enable faster decision making and reduce unnecessary bank borrowing
  • Adhere to reporting and compliance norms
  • Improve efficiency and automation by using straight-through processing (STP)