Idcrex - Official Site

As technology advances, software titles become more sophisticated. Aside from choosing the right package, implementing, training, and maintaining these new applications can be a struggle. We will implement the software package in a right way that best fits your business and your end users.

Idcrex recognizes the complexity and risks associated with every packaged software implementation. A poorly executed implementation can diminish or negate the inherent benefits of using packaged software. Idcrex's experienced functional consultants focus on helping clients successfully assess, plan and manage their software implementation to maximize business value and return on investment.

Our software strategy involves assessing the current environment, capturing requirements for the new solution, and identifying software vendors that provide offerings meeting those needs. Many organizations fail to anticipate integration issues, data migration complications, or simply over-estimate the capabilities of a new software package. Idcrex focuses on understanding your business and needs before assessing candidate software packages. This way, our clients avoid pitfalls, and receive a comprehensive assessment of their current state, future requirements, and an independent third party list of software vendor recommendations.

Implementation Life Cycle

Process Improvement is the proactive task of identifying, analyzing and improving upon existing business processes within an organization for optimization and to meet new standards of quality. It involves a systematic approach which follows a specific methodology but there are different approaches to be considered. We focus on different areas of improvement and use different methods to achieve the best results. Processes can either be modified or complemented with sub-processes or even eliminated for the ultimate goal of improvement.

Process Improvement is an ongoing practice and should always be followed up with the analysis of tangible areas of improvement. When implemented successfully, the results can be measured in the enhancement of quality, customer satisfaction, customer loyalty, development of the skills of employees, efficiency and increased profit resulting in higher and faster return on investment.

We do customization of your in addition to various add on applications that are provided by us.

Application Customization

Reports Customization

Work-flow Customization

Business Study

The niceties of consulting services provided by us include;

Requirement Analysis - Analyze & Document System / Business requirements and further map these to the vendors solution and create high level solution plan that address customers functional & strategic needs.

Process Documentation - Document analysis and processes according to their categories in the form of predefined templates.

Workflow Definition

Application Recommendations

Implementing solutions that cater to Investment Bank's/ Financial Institute's / Family Offices for the Investment / Fund Management & Operations.

Work from high level requirements through detailed specifications, prototype, Implementation & Customization.

Mapping and GAP analysis for each module.

Design, Develop & Implement products & build workflows based on clients requirements.

Work / co-ordinate with team members to plan, develop and execute the projects.

Participate in meetings to elicit and document service requirements.

Adhere to vendor's implementation / customization / development guideline.

Unit testing, create test cases, assist client on the UAT and knowledge transfer to the End Users on the delivered systems.

Conduct training for customers on how to use implemented product.

Prepare end user manual

User Acceptance Testing, System Integration Testing, Performance Testing, Regression Testing or any client specific software testing.

Updation of project status to Project Manager & other concerned persons.

What are we looking for in a functional consultant?

Our Functional Consultants understand the various methods/solutions available to build the system for the client's required structure, so that the consultant can negotiate with the client to produce the best possible compromise of the results desired within explicit cost and time boundaries.

Specialized in front office, portfolio management or back office banking functions and in a particular stage of the product life cycle

A financial markets background and or proven mathematical/business ability

An interest in IT and technology

Excellent written and oral communication skills

Desire to work in a collaborative, multicultural and international environment

Objectives Study

Our Requirement Analysis and Software Selection is the process by which an organization evaluates potential vendors and identifies the software package that best fits their needs. With the multitude of vendors in the marketplace and the potential integration complexities with legacy systems, this process can be overwhelming. Idcrex provides our clients with a consistent and repeatable approach for evaluating potential software packages. With our assistance, our clients are able to make well-informed software selections and mitigate risks that may arise during implementation.

Data Migration

Regardless of what type of technology you use, data migration can be a complicated process. According to Bloor Research, an independent IT research and analyst firm in Europe, more than half of all data migration projects experience cost overruns or schedule delays. This occurs despite companies spending approximately $5 billion a year on data migration. Data migration is never as easy as the IT experts promise. It turns out they made common mistakes, starting with not planning for enough time to do the data migration in the first place. People rush to move data, which led them to make careless mistakes, such as using the wrong accrual calendar on fixed income securities. This may be easy to rectify, but each mistake may add a couple of days to the migration project. We offer the following services to improve your process. Operational efficiency analysis

Continuous monitoring

Steps definition and change request

Impact analysis

SOFTWARE CONSULTING SERVICES

What are we looking for in a functional consultant?

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