Live at CresBank

Customer number three - up and running with Alchemy Risk Manager with daily reports.

Our first implementation took a year, number two - three months, number three - two months. When we first start speaking about a 90 day Basel II implementation schedule, even we had difficulty believing in that vision. Now thanks to both our customers and an amazing team at work, we have finally gone ahead and hit it.

What did it take?

a) I think the biggest driver in shortening the implementation life cycle was direct involvement of the CFO as well as personal interest taken by the President of the Bank.

b) It was easier doing it third time around. We learnt a fair bit during a first two implementation and avoided a number of false starts and hurdles that could potentially slow down implementation timelines.

c) To be fair client number three is also a much smaller bank than the first two so decision making, contract negotiations, information capture, approval of report formats and validation process were speeded up compared to the first two.