Successful deployment of EPM requires a Project Management Office (PMO) that is versed with the merits of profitability and regulatory compliance. It will require extensive planning up front, before the engagement begins to kick off, to ensure that your institution has the data needed to piece together all components needed for a consolidated warehouse. You will need to coordinate an offshore service provider is you are larger than a regional bank for the forthcoming efforts in ETL. Finally, you will need buy-in from your finance and risk groups, ensuring that they understand the forthcoming needs to institution-specific functional requirement development.
In addition to a strong PMO, planning, and buy-in, you will need resources that are not guessing on the next steps – the worker bees that turn your institution’s vision in to a technical reality. Subsequent to deployment, you will need to ensure your in-house staff has been brought along in the process to ensure your implementation is sustainable going forward.
Traverse Consultants have served to augment client staff, teaching the tricks of the trade, on all of our engagements. Because we have contributed directly to the evolution of EPM, we are the worker bees behind the many of the brand names that have claimed the successful EPM deployments.
We are truly fulfilled when our clients flip the switch, with the knowledge that their resources have been trained to sustain their EPM implementation going forward.
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