For more information about Luxoft, visit www.luxoft.com www.luxoft.com/financial-services/
case study 13.09.2012
Document Management for Commercial Mortgage‐Backed Securities Summary Develop a system to support the warehousing, workflow, and management of documentation related to the commercial mortgage-backed securities (CMBS) business within a top five global investment bank.
uu Client: Top five global investment bank uu Business Area: Commercial Mortgages, Structured Finance, Securitization, Document Management uu Asset Classes: Commercial Mortgages uu Technology Set: Oracle, J2EE, AJAX, Documentum, Weblogic, Struts uu Integration: Various CMBS management systems supporting over 280,000 documents uu User Profile: Front Office, Middle Office and Operations 360+ users uu Geography: Worldwide uu Relationships Status: Ongoing ODC with quarterly releases; T&M basis uu Services Provided: Full cycle: Business analysis, Development, QA/ Testing, Maintenance uu Team Size: 7+ team members uu Duration: 4+ years
Business Challenge The CMBS securitization process generates a large, and often convoluted, paper trail that requires document exchanges from numerous players, thus increasing the risk of missing documents that can slow down the process and impact CMBS performance. To manage the risk, the bank created an initiative to develop a document management system, customized to the CMBS workflow, to support best practices and standardization.
Luxoft Delivered Solution Luxoft’s success in developing solutions for the commercial market provided the bank with expertise required to design and develop a CMBS document management system that met and exceeded the business requirements. The electronic document management system (EDMS) has the following high-level capabilities for the bank’s commercial mortgagebacked securities business: uu A single source of truth, global loan document repository uu Document import/export capabilities to/from a variety of sources uu Document version control with editing, view, and delete functions uu Best practice approval process using the four eyes principle uu Full support for loan operations and the document capture process uu Integrated email functionality uu Integration with document scanning facilities in 16 countries uu Online access and management via “My Portfolio” uu Advanced document and deals search capabilities uu Sophisticated user permission management capabilities uu Easy navigation with quick access to frequently used folders and documents
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Benefits Luxoft provided the bank with an easy-to-use, but sophisticated document management solution for its commercial mortgage-backed securities business that produced the following benefits: uu Significantly reduced the risk of missing or invalid documents uu Increased document security and audit uu A more rigorous and thorough process for documenting loans uu Substantially improved productivity
Customer Feedback “Together we can look back and clearly say we have produced outstanding results. In response to aggressive business demands and tough timelines, we have worked together and demonstrated remarkable strength and resilience. Clear, honest and consistent communication within and across teams, together with care in honoring commitments, have ensured our relationship continue to turn in excellent results. Our contribution to the EDMS platform as well as to business success is very visible once again.� Investment Bank IT Manager, Corporate Finance, Loan Exposure Management Group
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About luxoft
Luxoft, a principal subsidiary of IBS Group, is a provider of advanced application and software engineering outsourcing services for global and regional enterprises. Luxoft builds partnerships with its clients, such as Boeing, IBM, Deutsche Bank, UBS, Harman, Avaya, Alstom, and Sabre, based on the culture of engineering excellence, innovation, and deep domain expertise. Luxoft offers international delivery capability through its network of state-of-the-art delivery centers in North America, Eastern Europe, and Asia. Luxoft`s customers benefit from the right mix of technology skills, industry knowledge, proprietary processes and methodologies, and a choice of engagement models. For more information about Luxoft, visit www.luxoft.com www.luxoft.com/financial-services/
Š 2012 Luxoft