
No big bang – start realising flexibility and efficiency benefits straight away
Open architecture eases transition from and integration with third party systems
Supports best of breed strategy
Acknowledges need for vendor independence
We recognise that in the real world our customers want to invest in solutions which are designed to coexist with existing systems and welcome the opportunity to integrate best of breed solutions from multiple vendors.
The big bang approach is often not a feasible or quick option, but with its openness and service oriented architecture (SOA), Syn
enables an incremental approach to migration.
This offers a practical advantage of enabling our clients to transition an area of the business to Syn
and start deriving benefits within short implementation time frames. As time goes by, additional modules can be added and the dependence on older technologies and legacy systems reduced.
“The broker can put web services around each component of its existing third-party settlement system, complemented with inhouse-built modules and EAI, to enable it to coexist with Syn~. Effectively this means it can connect its existing backbone to Syn~, enable the two platforms to coexist, and replace the old with the new piece by piece until the roll-out is complete across all CLSA’s 15 markets."