Pricing

Customer Challenges

  • Automate an operation in the reference data set up and pricing area to remove manual efforts and increase efficiency, productivity while reducing processing errors
  • Volume-intensive and Critical to the downstream process

Pricing

Our Solution

  • Set up 4 bots in a solution where the custodian requests were picked up automatically from the input queue and processed by validating ISIN with different financial service providers
  • The timely activity for pricing, like morning, afternoon and evening, was scheduled and processed accordingly
  • The activity for Corporate action was fully automated

Key Benefits to Customer

  • 100% Automation Accuracy
  • 200% Productivity Gain
  • 12/38 FTE Savings
  • 60% AHT (reference data) savings after automation
  • 75% AHT (pricing) savings after automation

Implementation Time – 8 Weeks

About The Author

Jag Bethi is the SVP Solutions at ComTec, a 21 year old IT solutions and services company. He works with CIOs, CAOs and CFOs in optimizing and modernizing their IT (applications/infrastructure) portfolios. He has over 24 years of experience in all aspects of IT and has worked in multiple capacities such as Programmer, Management Consultant, Project Manager, Program Manager, Projects Portfolio Manager, Director of Projects and VP of Services. He can be contacted for any IT Consulting engagements.

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