Antony Fung

As the financial industry increasingly embraces the cloud, the underlying and often overlooked energy crisis threatens to derail cloud ambitions. SunGard, a hyper-scale data centre and cloud provider, has already fallen victim, and an estimated 16,000 clients are left scrambling in the aftermath. This article explores the underlying cause of rising energy prices, the impact on data centres, the risks to the financial industry, how firms can mitigate risks, and how CJC can help.

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One Platform, Global Impact: Market Data AP Transformed

A leading global asset manager set out to replace its legacy procurement and siloed Accounts Payable (AP) systems with a unified Core Finance Platform (CFP)—enabling global invoicing and payment through a single solution. The most complex challenge? Over $85 million in annual market data spend. CJC was subsequently brought in to help design and deliver a robust solution, ensuring regulatory compliance, automating workflows, and driving operational efficiency across the asset manager’s global operations.

Chapters:

• 00:07 – Introduction.
• 01:27 – Project Overview.
• 02:16 – Why was CJC so successful at delivering this project?
• 04:27 – What were the pain points and how were they resolved? 
• 06:10 – The relationship with the client.
• 06:52 – What were the project’s gains and positives?

Overcoming the global challenges while avoiding process conflicts was no mean feat. After a period of significant and extensive work, CJC’s Commercial Management team successfully unified and delivered a streamlined market data workstream within the broader CFP programme. Crown Jewels Consultants is proud to have enabled this high-impact transformation to help this global asset manager achieve a unified, efficient, and compliant accounts payable operation.