The platform supports all
sourcing delivery modes – full, shared and
remote services – enabling clients to balance
their business needs with costs and risk tolerances.
•
Multi-tiered architecture enables
any functional tier to be scaled up or down independently
as needs or requirements change.
•
Component-based J2EE and Web services
paradigms provide easier portability and connectivity,
regardless of platform.*
•
The segregation of data from the
business logic tier provides easier access to richer,
more granular data, enabling PFPC clients to make
better, more informed decisions and to capitalize
on market opportunities more quickly.**
•
Easy access to the right data –
focused and tailored to particular subject areas
or the needs of a particular department or business
function (e.g., sales, distribution, operations,
marketing, executive management, compliance and
control, legal, risk, etc.).
* Patricia Seybold Group,
"J2EE – Ensuring Consistency, Portability and
Interoperability," A. Thomas, (June 1999). ** GartnerG2, "Sourcing
Models Are Needed for Securities Clearing and Settlement,"
D. Furlonger, (November 2002).
Separation of presentation, business
logic and data tiers allows for greater physical and logical
safeguards against disasters, security breaches and unforeseen
downstream impacts of system changes.
•
The platform brings essential security,
reliability, storage and monitoring capabilities under
central control.
The abstraction of technologies
reduces cycle times by making the transformation of business
requirements into new code easier.
•
Open standards and modularity provide
a greater degree of interoperability, translating to simpler
integration of new products and distribution channels.
More functions can be performed
by less code, making application and capability
maintenance significantly simpler and more cost-effective.
•
The platform identifies and rationalizes
common services – functions such as tax and
NSCC that support multiple products – which
are lifted out from lines of business to enterprise
services to enable easier integration, more productive
programmers, fewer servers, less maintenance overhead,
and ultimately, reduced total costs.
•
Both internal and external service
providers can be managed via a balanced service
level and performance dashboard,†
centralizing enterprise system monitoring capabilities
to more easily connect technology performance metrics
with business results.
† IT Governance Institute,
Control Objectives for Information and related Technology
(COBIT), "Governance, Control and Audit for Information
and Related Technologies," (September 2002).
