Successful TLM Implementations
The key to an effective implementation lies beyond knowledge of the software.
Most firms that acquire recon software struggle with the cost and effectiveness of their implementations. The majority of firms deploy recon software use vendor professional services personnel to manage the implementation of the solution into their environments. These resources typically possess deep product knowledge of the software they install, but they often lack an understanding of the business/operation they are deploying into and routinely downplay the importance of recon data to the overall process. We're different. Our professional services resources possess:
- Years of Investment Processing experience - so we understand WHAT you need
- Detailed Knowledge of TLM Software & how your data fits - so we understand HOW to implement an optimal solution
- Strong Project/Program Management Skills - to ensure we meet your timeframe & budget
- Use of Highly Evolved Tools & Conversion Processes - to improve results & client satisfaction while reducing project cost & risk
Benefits over a traditional consulting approach
Our prior experience in TLM conversions, our understanding of your business and our use of established tools and approach results in shorter implementation timeframes, lower project costs and less rework post migration.
4 Elements of a Successful TLM Implementation
- Business & Operational Expertise
- Knowldege of TLM Software
- Strong Project & Program Approach
- Conversion Tools
Business Expertise
Our conversion resources have years of Global Investment Processing design and administration experience, so we understand how you do reconciliation today and its importance to your organization from a control and risk management perspective. We can design a reconciliation function to meet your specific needs or you may leverage our experience in Recon Utility Development:
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Central Administration
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Data Management
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Advanced Reporting
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Operational Support
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Charge back / cost allocation models
TLM Knowledge
Several members of our organization were part of the project team that installed the first instance of TLM almost 10 years ago. We have extensive experience with several versions of the software as it has evolved over the years. Our experience includes:
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Pass / Rule Configuration & Optimization
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Dashboard Configuration & Optimization
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TLM Data Structures & Engines
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Web Connect user interface utilization
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Use of integration tools including static loaders
Program Approach
We have successfully completed many TLM Implementations using a variety of organizational and development methodologies. Our experience has shown that project teams must be organized as a single unit, and that an Agile or modified Agile based development methodology improves the speed of the implementation and the quality of the final product. Success has resulted from:
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Locating all project team members together
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Utilizting development methodologies that do not required heavy upfront process and documentation
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Iterative development from ETL through Pass & Dashboard configurations
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Engaging business users in the Iterative development process
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Deploying basic recon capabilities first then extending exception & reporting capabilities over time
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Separating subject matter project resources from project management responsibities
Conversion Tools
We utilize several tools to improve the effectiveness of conversions. These tools have evolved since our initial conversion of TLM 10 years ago:
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ETL / Recon Data Management
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Account Management - TLM Static
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Day 0 - Cash & Transaction initialization
Find out how larger firms can leverage our data solution to improve speed and time to market around TLM deployments.
