Re-Implementation of Endur V17
The client has been running an outdated Endur version, with many crucial business processes customized or disintegrated within a defragmented IT landscape. The client’s management made the decision to re-implement the entire trading IT landscape. A central project was the re-implementation of Endur in version 17, which had to be hosted in the ION cloud. ROITI was approached to support the re-implementation.
We established an Endur Design Authority with experts from ROITI, OpenLink, further involved vendors and the client. Based on our previous experience from other clients both with Endur V17 and with greenfield re-implementations, we were able to guide the client to an efficient approach utilizing Endur accelerator packages for some of the business functions and custom solutions to meet the client’s specific needs. We took over the Front Office and Back Office lead business analyst roles and re-designed the deal lifecycle to allow better 4-eye principle checks and faster deal processing. Many of the traded products were structured in the appropriate Endur instrument type in order to maximize standard functionality usage. The curve setup was also optimized to allow risk assessment and reporting on all meaningful granularities and hierarchical levels.
With taking on a re-design approach rather than upgrade, the client was able to leverage on the most up-to-date capabilities of the system. More business processes were integrated in a standard way, reducing customization and this maintenance effort. The combination of Endur accelerators and custom solution improved drastically the time-to-market of the project, while still allowing client specific processes to be implemented.
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