Callataÿ & Wouters

Operational excellence and cost control: Benefit from best practices and an open platform

Embedded best practices

Best practices embedded in Thaler Wealth Management have been acquired through extensive experience with implementations at wealth management firms and help to increase operational excellence. Front-, middle-, and back-office processes are fully integrated. The solution provides straight-through processing for executing payments managing orders, and many other tasks. Such maximized automation enhances efficiency, keeps costs under control, and lets managers spend more high-value time with their clients.

A flexible and open platform

The open framework of Thaler Wealth Management integrates easily with complementary solutions – including specific front-office applications and applications for regulatory reporting. One version of the solution combines Thaler Wealth Management with the Triple’A Plus wealth management solution from Odyssey Financial Technology.

Thaler ‘ready to run’ package has helped one bank to recognize operational efficiencies; substantially reducing the IT resources needed to implement a new solution, and also reduce the amount of ongoing IT support needed to maintain the services. Between the years 2006 to 2008, they have recognized the following benefits:
- 2006/2007 > reduced maintenance support cost by 40%
- 2007/2008 > reduced maintenance support cost by further 10%