Case Studies

Case Study #1
Problem
A leading edge fund based in the US was looking for an R&D partner for information and data development to devise their trading and investment strategies. They wanted their partners to quickly do data analysis and provide descriptive data, ratios, statistics and standardized financial data to search for investment opportunities that matched their specific criteria.
The Challenge
Data points offer concise and key data for specific periods and parameters. These serve as a vital input for the preparation of equity research profiles.

The client wanted Prime Software Technologies to provide them with data research services and compile financial data points for 50 leading energy companies in the US. The project also included preparation of a template in mutual agreement with the client, compilation of quarterly data across five years and basic ratio analysis in the template provided by our client. In addition, pension and currency analysis and compilation of analyst estimates was also requested by the client.

Since financial data is used by businesses to monitor and manage their success, and also by outsiders to evaluate the standing and health of a company, the challenge lay in addressing two diverse groups of audiences that had different objectives of reading the reports.

Moreover, the client wanted huge amounts of data to be processed in a relatively short period of time.
The Solution
Prime Software Technologies designated the assignment to an implementation panel consisting of domain experts, qualified domain specific engineers and technical editors. This was very important keeping in mind that international quality standards had to be maintained throughout the process.

The actual process began with the collection of raw data of a company from their websites, SEC filings etc.

Typical data points captured included:
  • Income Statement (quarterly/ annual for ‘n’ years depending on client requirements)
  • Balance Sheet
  • Cash Flow
  • Detailed Notes to Accounts (depending on client requirements)
  • The Parent Company’s Financial Statements
  • Broker estimates (utilizing estimates sent by our client)
  • Industry operating statistics (depending on client requirements)
Commerce and management graduates then began compiling basic data points in a logical manner. Additional analysis like debt to net worth ratio, pension and currency analysis was done by a team of experienced management graduates.
The Benefits
Before starting on the actual project, Prime Software Technologies carried out a pilot project and submitted the results to the client. The client was extremely satisfied with the preliminary outcome of the pilot project. Prime Software Technologies has completed the bulk of the project ahead of the original schedule.
The client has expressed satisfaction by facilitating negotiations to commence live operations shortly. This gives our client the opportunity to offer additional value added financial resources.

Prime Software Technology’s rapid scale up capabilities on the manpower and delivery front coupled with our technology focus, especially on proprietary software for workflow and extraction provided numerous benefits for the client. Not only did they have a qualified player working on their extraction activities, which saved time, money and effort but they also benefited from the flexibility and transparency in our operations.
Case Study #2
Problem
Our client is a leading US based player in the global chemical industry space. They wished to have an extraction services partner that could understand the scope of the chemical industry, domain and segments.

The client wished to spend less time on guiding and monitoring the extraction partner on the scope and scale of the project.

Information management is a critical component of business operations. However, our client realized that achieving this in-house means concentrating their knowledge workers on processes that can be done equally effectively by a qualified third-party solution provider. This is why our client decided to outsource this process.
The Challenges faced by Prime Software Technologies
Prime Software Technologies was approached by the company with a huge assignment of extracting required information from legacy data like chemicals, petrochemicals, polymers, life science, biotech pharmaceuticals etc.

This included data extraction and as much product and property information as possible from technical abstracts.

The challenge lay in the fact that a high degree of detail was ambiguous and hidden within the technical abstracts, so that the extraction of this data called for a high level of technical interpretation.
The Solution
Prime Software Technologies quickly designated the assignment to an implementation panel consisting of domain experts, qualified domain specific engineers and technical editors. This was very important keeping in mind that international quality standards had to be maintained throughout the process.

Within six weeks, Prime Software Technologies began implementation after setting up the required workforce and relevant technological apparatus. Our expert extraction personnel along with our automated software helped completed 145,000 abstracts within a time span of 75 days – one week ahead of the schedule.

Since the client had accumulated over 7-8 decades of data, which meant different formats, styles and presentations, Prime Software Technologies was able to augment the client’s design and presentation specifications to deliver a value added end-product.
The Benefits
So far, Prime Software Technologies has implemented over one million abstracts in 18 months. A highly satisfied client has decided to extend his requirements to other value added areas like patents, news abstracts and indexing.

Prime Software Technology’s rapid scale up capabilities on the manpower and delivery front coupled with our technology focus, especially on proprietary software for workflow and extraction, provided numerous benefits for the client.
Case Study #3
Problem
Our client had just been acquired, and its new management wished to outsource the operation and maintenance of its Oracle Financials. Our client hoped to reduce staffing and other costs with this solution.
The Solution
In just seven months, a team of consultants from Prime Software Technologies assumed the day-to-day management of the Oracle Financials applications and improved their efficiency.

Prime Software Technologies first documented and analyzed the operating environment and the applications that our client wished to outsource.

Prime Software Technologies then developed a model for the outsourced environment.

The design phase included the correct sizing of the hardware and communications line, hardware specifications, a thin client environment, security solutions and operational role definitions.

A transition plan addressed all aspects of implementation and testing.

Prime Software Technologies installed, debugged and tested our client’s Oracle Financial applications in a new environment for all its modules, at its U.S. office.
The Benefits
The four Oracle Financials applications function more efficiently. Data processing cycle times have been reduced from hours to just minutes.

Our client’s IT consultants - once an army of 60 – now includes just four system specialists.

Our client anticipates significant savings in the overall cost of operating and maintaining its Oracle Financial applications.

With a fixed outsourcing budget for the next three years, our client can project its IT support costs and plan accordingly.

Our client’s in-house IT staff is able to refocus on the company's core business and provide more strategic support and value.

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