There has been an ongoing debate about build versus buy strategy amongst technology departments in the financial market. The complexity of financial products grows everyday. This causes the costs involved in systems development to spiral upwards.
This has affected SCG Consulting in two ways:
- Our development team focuses on systems that will enhance a clients capabilities in ways off-the-shelf products can't.
- Our engagement in systems integration projects have increased dramatically.
It is very rare for off-the-shelf products to meet all the requirements a company will have. Very often, off-the-shelf products will have to be calibrated and features will have to be added for the application or system to meet the requirements of the company.
We look at the workflow, processes, procedures and the data feeds surrounding the system. Often we will also need to widen the financial product coverage, broaden the analytical capability and provide sophisticated data entry and reporting capabilities that the inherent system is not capable of.
The common denominator for all the projects we work on is that they all require an in depth understanding of the workings of the systems concerned. As a company, it is our priority to identify market leading technologies as well as investing in growing our expertise. We do this by training our staff in these systems. The result of that is an unbeatable value proposition from SCG Consulting: We provide team-based, holistically managed, business literate implementations of well know systems. This includes a full handover at the end of the project as well as end user training.