INVERSIS chooses Devoteam to strengthen the control and reporting of its services management

The client’s context

Inversis is a Spanish leading company that offers global technological solutions and outsourcing services to financial institutions, insurance companies and new players in the distribution of investment products.

The company constantly invests in cutting-edge technologies and innovation, to adapt to the needs of the institutional business in an agile method. In addition, it provides brokerage, settlement and guarantees deposit services and state-of-the-art technological outsourcing solutions.

The integration of various entities has required the group to be in continuous growth and adapt to technological environments, with the challenge that this entails.

The company is supervised by the Bank of Spain, the European Central Bank and the National Securities Market Commission (CNMV).

It has 4 lines of business: Outsourcing of securities management processes back office, from equities, fixed income, etc.; Fund platform with access to more than 50,000 funds from more than 500 national and international fund managers; Administration and depository of vehicles, investment funds; Treasury Desk for the entire markets business.

The required growth and versatility made it necessary to replace some tools, in order to achieve the business objectives and improve results and costs, which are key to its evolution. Given its specific activity, the group had to validate & strengthen the security of all its processes and technologies, complying with all associated regulations. ServiceNow successfully passed this requirement as a SaaS platform.

The challenge

Inversis needed a scalable, flexible tool with centralized data, to improve control and reporting for managing its services, as those used at the time could not be adapted to the needs of its business.

The main reasons:

• Need for a new 5-year Systems master plan to organize the services provided by the company, by software lifecycle, and also to organize the rest of the company outside of IT to ensure all service centres benefit from this huge upgrade.
• In 2017, a company (Bancobank) with a similar size to Inversis was incorporated, doubling the number of clients and assets under custody.

The solution

The implementation process started with ITSM in order to cover IT services with a solid and cloud-based solution.

After a successful ITSM deployment on a limited scale, we deployed the ITBM module after a functional suitability assessment, focusing on the most interesting functionalities for the customer such as project portfolio management, reporting or capacity management. All this aligned with the customer’s roadmap towards continuous integration environments or testing optimization.

As a third phase, Inversis extended the ITSM model to those provided by other organizational areas, broadening the horizon to non-IT services, which are unquestionably crucial to its operations and business.

Ultimately, process improvement was undertaken, with clear planning by quick wins.