How a Leading Wealth Manager Unlocked Over $13M in Annual Value by Replacing Legacy Infrastructure
The Challenge: Aging Technology Eroded Trust and Blocked Growth The firm’s forward momentum was constrained by aging technology. Its inflexible legacy infrastructure could not support strategic objectives and created critical pain points: The Solution: A Strategic Migration to PureFees The firm partnered with PureFacts to strategically replace its core legacy billing application with PureFees. This solution delivered a modern, flexible foundation for growth: The Results: Rapid ROI and a New Strategic Asset The implementation of PureFees transformed the firm’s revenue management from a manual cost center into a strategic, automated asset.
How a Leading European Financial Institution Unlocked ~€1M in Value and Modernized Fee Operations
The Challenge: Constrained by Legacy Tools The institution’s fee and rebate operations were functional but were being constrained by legacy tools and manual workflows. This created significant challenges: The Solution: A Unified Platform for Fees and Rebates The firm implemented PureFees by PureFacts as its single, automated platform for all fee and rebate data, calculations, and reporting. This new centralized system delivered: The Results: Reduced Risk, Unlocked Revenue By standardizing on PureFees, the institution moved from a reactive model to a proactive one , preventing issues rather than correcting them.
Professional Services: Tackling Complex PureFees Implementation with RBC
When RBC, Canada’s largest bank, needed to implement its PureFees Phase 1 project, they partnered with PureFacts Professional Services. The initiative was a large, complex project with an aggressive timeline of less than one year from start to production launch. Despite numerous challenges, the close collaboration and strong teamwork between RBC and PureFacts enabled the project to successfully meet its critical milestones. The Challenge: A High-Stakes Implementation on an Aggressive Timeline Given the scale and complexity of the bank’s systems, the implementation presented several significant challenges that had to be addressed: The Solution: An Agile Methodology Focused on Collaboration To address these challenges, the PureFacts Professional Services Team worked together with RBC teams to apply its established agile delivery methodology. This approach ensured efficient execution and effective collaboration by focusing on four key pillars: The Results: Critical Milestones Met on a Complex Timeline The strong partnership between RBC and PureFacts, combined with a proven agile methodology and dedicated onsite expertise, enabled the project to successfully navigate all stakeholder, data, and methodology challenges.
Empower advisors to tackle tough fee conversations
Challenge Advisors were concerned about having client conversations about fees – unsure about how to justify the value they provide. Solution Delivered workshops to advisors in multiple locations about fee disclosure and the questions it would raise for their clients. Recommended how to have comfortable, confident client conversations. Results Advisors were given unique insight into what clients understand and how they react. Recognized the opportunity. Felt comfortable proactively approaching a difficult subject.
Major Software Upgrade & Data Conversion Success
Challenge Upgrade their existing PureWealth platform to the next generation release to benefit from the latest and improved version of the software. Consolidate their data management system – migrate data from their old system, and then began consuming data from a new system without any disruptions. Solution Simultaneously implemented an enterprise software solution upgrade and a data conversion. Cost-effectively and seamlessly upgraded ATB to a comprehensive and flexible solution that meets their current and future business needs. The enhanced solution delivers better productivity, ease of administration and a richer user experience. Results Successfully deployed two large projects simultaneously – a massive undertaking. Effortlessly accommodated a number of additional changes and add-ons while minimizing potential errors and delays. Seamlessly integrated with another software vendor.