Bank wealth transformation management

Results

About

Enhancing compliance and risk management through improved process transparency and accountability at a leading Australian financial institution.

Managing large technology transformation at an Australian Bank’s wealth arm.

Problem

Following a review of its ageing systems, increased regulations, and changing market conditions, a prominent financial services group sought to replace their core wealth management platform to support their long-term strategy. With substantial funds under management, the high-profile project faced challenges including multiple customer/user groups and associated needs, risk of project cost and time overruns, and a tight schedule of business outcomes to be met over time.

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Solution

Holocentric provided a financial group with software to manage a large team transformation project’s complex process and system requirements. The software facilitated efficient capture, sharing, review, and approval of current processes to support digitisation. It accelerated the design of future state processes, mapped business requirements to these processes, and managed requirement delivery across multiple releases. It generated test cases, change management materials, and training content for system transition. Post-transformation, Holocentric provided the financial group with a comprehensive process and work instruction knowledge base.

Optimise operations

Manage operational risk

Optimise operations

Manage operational risk

Result

The platform was delivered successfully and has won an international award since its inception. The Holocentric toolset has since transitioned into an ongoing support tool, with the whole business now now using Holocentric as a key tool for process, risk and compliance management.

Holocentric success stories

Our clients have turned obstacles into opportunities with Holocentric, setting new benchmarks for success and realising business at the peak of efficiency, compliance and resilience.

Bank compliance and risk enhancement

Using Holocentric software, a leading Australian financial institution successfully enhanced compliance and risk management by mapping processes, risks, and controls across diverse business segments, resulting in improved transparency, accountability, and effective risk mitigation capabilities.

finance

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Empowering local government process maturity

Holocentric software empowered a large local government authority to achieve significant progress in process maturity, enhancing clarity, accountability, and accessibility of operational processes across high-priority business areas, sparking interest and requests for similar implementations in other departments.

Government

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University ERP transformation support

Holocentric supported a university in a multi-year Enterprise Resource Planning (ERP) transformation, resulting in enhanced student and staff experiences, optimised finance and HR processing times, and a planned expansion of ERP modules.

Government

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Defence BPM implementation support

Holocentric empowered a defence organisation with comprehensive implementation support for business process management (BPM) and performance improvement, resulting in enhanced process management, consistent business process improvement, and cost reductions in human resources and enterprise resource planning systems.

Defence

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Electricity safety transformation support

Holocentric supported an electricity supply company in implementing a safety and risk transformation programme, resulting in a 67% reduction in incidents and continued active use of the system throughout the organisation.

Utilities