Case study
The business case for applying artificial intelligence in operations
The Request
The leaders of a major global asset manager planned to double the number of funds the operations team supports without adding headcount. They chose OnCorps, over their current service provider and competing tech firms, for two reasons. First, OnCorps offered a fully-integrated AI platform that taps data from older systems, learns from data and behaviors, and alters workflows. Second, OnCorps could customize solutions rapidly and offer high-end AI and technology support for the price of a simple subscription.
The Solution
Over 2 years, OnCorps has successfully configured, deployed, and supported multiple processes with fully-customized AI. The AI solutions range from sophisticated strategic forecasting and scenario modeling to simple oversight and confirmation systems. These include:
Forecasting modeling and prediction systems
Oversight of accounting transactions including payments and currency hedging
Financial statement AI scanning and reconciling with accounting systems
OnCorps maintains a global master services agreement with a scoring method to price new system requests based on complexity and level of required support.
the results
An external consulting review gave the firm high marks for the quality of its AI operations. Results from the first systems implemented prompted the firm’s group CEO to request a full review of all corporate functions for potential OnCorps AI support. A summary of the benefits include:
Faster cycle times to introduce AI in production
Reduced ad-hoc service provider fees
Reduced labor hours devoted to manual tasks
Reduced risk exposure
Fully traceable workflows, improving root cause analysis
Increased time spent by internal experts on more critical tasks
No external consulting for customization or process analysis
Comprehensive audit trail across all operational processes
Learn more
If you'd like to learn more about OnCorps' flexible, AI-powered platform for financial services operations, please complete our contact form or email us at inquiries@oncorps.io.
