The client is a large multinational asset management company. The customer needed assistance on the migration of its risk monitoring tool (from RiskMetrics to Aladdin Risk). Avantage Reply supported the client on the risk monitoring tool migration as Project Manager, leveraging on industry knowledge and internal know-how. The tasks encompassed data testing, documentation of the whole migration process and project management. Avantage Reply was able to help the client accomplish its risk tool monitoring migration in a timely manner.
The customer was looking for a new risk monitoring tool, correctly set up (high data quality), usable (technicities known by the team), reliable (getting a good support in case of issues) and maintainable (ability to apply changes whenever needed).
It is most of the time challenging to work with external parties being software providers. The provider of the new risk monitoring tool did not always demonstrate full responsiveness. Additionally, the Risk monitoring tool migration was part of a general migration of the Portfolio Management System for the asset management company. Consequently, available time and resources were limited to provide support on the process.
Avantage Reply has provided Project Management support with a team of experienced risk consultants, experts in Risk monitoring tool migration. By putting key focus on communication, a good relationship has been maintained with the provider, enabling to obtain required results in due time.