US financial major runs application portfolio rationalization program to drive business transformation

  • Customer

    US financial major

  • Industry


  • 400 business processes activities in-scope
  • 36% reduction in application portfolio recommended
  • 16% reduction in costs identified post rationalization
  • 34% reduction identified in legacy application code with same levels of utility
  • 100% visibility of the corporate action portfolio was made available
  • End-to-end legacy modernization plan formulated
Business Situation

As part of their long-term strategy, our client decided to rationalize its technology platforms and application ecosystem of their corporate actions function. This strategy manifested into two acts - reducing the footprint of legacy systems (e.g., mainframes) and increasing investments into building and managing a robust and reliable modern tech landscape (cloud, modern systems, etc.).

Business Challenges

The client was struggling to keep up with the latest business needs due to an archaic tech landscape. It failed to provide the agility required to meet the firm's growth objectives. The existing applications and platforms scored very low on user experience. The documentation for maintaining these applications was dated, which hurt their knowledge management initiatives. More importantly, the cost of maintaining these legacy applications was extremely high.

Birlasoft Solution

Our team of IT strategy and transformation consultants utilized Birlasoft's proprietary framework EASE™ to figure out the strategy required for fulfilling client needs. As a first step, we ran the application portfolio visibility exercise to identify the functionally redundant applications and also applications that were sitting idle in the system and could be the immediate low hanging fruits for optimization. We mapped out the applications to the business functions and business activities they served and figured out the inter-dependencies.

The client leveraged our 3rd Eye™ solution to run application visibility dashboards. The objective of doing the functional analysis was to move/modernize only the relevant set of applications. A lift and shift approach would have not only increased the to-be cost, but that would have also resulted in sub-optimal ROI.