A $400bn asset manager headquartered in NYC selected BackStage™, an Iridium business intelligence application, to provide data validation, reconciliation and process control for their derivative operations.
The client required a fixed cost structure that included licensing, implementation and maintenance. Iridium’s offer was retained thanks to its superior design, technology and pricing.
Among others, Iridium implemented price validation, collateral reconciliation, trade consistency check and automated batch execution. The project was completed in 7 months.
Subsequently, the client extended the usage of BackStage to another department responsible for the internal data warehouse of securities.
Key success factors: BackStage fit (functional coverage & intuitive interface), allocation of experienced consultants & close relationship with IT and Business sponsors.
Business Intelligence & Data Quality
“The BackStage™ application combines business intelligence, monitoring and scheduling.
This innovative approach allows rapid deployment of professional solutions requiring multi-system reporting, data quality, process monitoring and task scheduling.”
