Financial institution’s transformational management system

Results

About

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

A prominent financial institution’s wealth division utilised Holocentric as its central management system for a transformative project.

Problem

Building a ground-up wealth platform for the future involved navigating industry changes that mandated increased regulation amidst declining margins. The project addressed a complex set of technology requirements tailored to a diverse user base. This initiative impacted various aspects of the business, affecting personnel, technology infrastructure, and operational processes. Changes were strategically released in controlled phases to minimise disruption and ensure seamless integration into business operations.

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Solution

Holocentric was viewed as the project tool that would create a living asset that would live beyond the program

The system delivered

Consistency in the way information was captured and handed downstream through the project.
Identified risks that may impact the project and how the would be mitigated with controls
Phased releases of content to the business in line with the phases of the project.
Consistency in the way information was captured and handed downstream through the project.

Holocentric was extended to capture additional project assets such as user stories and data elements

Optimise operations

Manage operational risk

Optimise operations

Manage operational risk

Result

The successful transition from the project to business as usual (BAU) was recognised across the organisation, with Holocentric now established as the definitive source of truth for all process information. Additionally, the platform received international recognition, winning a prestigious award.

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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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