As the financial industry moves toward T plus 1 settlement cycles, efficient and real time corporate action processing becomes a critical necessity. However, many institutions face challenges with legacy systems that lack the flexibility required to meet evolving market demands. This is where Corporate Actions Announcement Processing System (CAAPS) proves invaluable.
In our latest case study, discover how a multinational bank enhanced its existing corporate actions processing system with CAAPS, addressing key workflow challenges and supporting the transition to real time processing. Rather than replacing their legacy system, CAAPS integrated seamlessly with their current infrastructure, improving efficiency without disrupting backend operations.
The implementation of CAAPS offered a number of crucial benefits:
- Seamless integration: CAAPS effortlessly enhances legacy systems by consolidating fragmented processes into one unified platform.
- Real time processing: With T plus 1 settlements in mind, CAAPS supports real time data processing and facilitates a smoother transition.
- Scalability and flexibility: The modular design of CAAPS allows the bank to scale its operations according to evolving needs, ensuring growth without the need for extensive system overhauls.
- Improved user experience: By streamlining workflows, CAAPS provides an intuitive, modern user interface that reduces errors and boosts operational efficiency.
- Tracking corporate action data: With robust tracking capabilities, the bank could now monitor data throughout the entire lifecycle of each corporate action, making analysis and processing faster and more accurate.
The flexibility of CAAPS allowed the bank to integrate it with their legacy systems without disrupting their back end operations, enabling them to grow and scale without the need for a complete overhaul. Implementing CAAPS took only two to three months, far quicker than the time it would take to implement an entirely new platform.
Ready to learn how CAAPS can enhance your corporate action processing? Download the full case study now and explore how CAAPS can transform your corporate actions processing and help your firm adapt to the evolving needs of the financial industry.