Rapid transformation within a large institutional investor is complex and some believe unattainable.
Two organizations came together to prove otherwise. Together, they were able to transition from legacy technologies that suited the past to a more holistic and agile platform, powered by Solovis, that will meet current and future demands of managing a $125 billion pension and endowment.
This paper presents key learnings, insights and fundamental considerations that other asset allocators can benefit from as both inspiration and justification for undertaking a technology, data and process transformation journey.
Concepts covered in this paper include:
- How internal stakeholders must collectively recognize and gain consensus that the status quo is hindering growth and achievement of the organizational mission.
- How and why current industry solutions fall short, including those in three categories: service providers with a technology layer, accounting platforms and performance systems.
- True innovation requires a revolutionary perspective, one that isn’t just a modified version of past mistakes. It must align people, business processes and technology.
- Innovation can be achieved relatively quickly, even within the largest institutions.