Axxsys Consulting, part of the Alpha Group, is excited to announce the successful implementation of one of the industry’s most comprehensive investment management platforms for Velliv, one of the largest life insurance companies in Denmark.
The Go-live marks a successful delivery of a 24-month change programme where Axxsys assisted the Velliv team providing its full range of change and implementation services.
Velliv, one of the leading life insurance companies in the Nordics with over €30 billion assets under management, went live 1st of January 2021 on their new Investment Management platform.
The implementation delivered one of the industry’s most complete Investment Management platforms encompassing 3 leading systems; SimCorp Dimension® as a Service (SCDaaS), eFront® and Blackrock Aladdin® Risk - all configured and fully integrated to support Velliv’s target operating model and investment process. The platform comprises best-in-class solutions across Front, - Middle and Back Office, providing Velliv operational efficiency and scalability. In addition, the new platform provides flexibility allowing them to rapidly adapt to market changes and new business requirements.
Axxsys took the role as Programme Lead and assisted on a number of key deliverables including the creation of Velliv’s new Target Operating Model, full GAP analysis & business requirements, design & validation and full build & configuration. Axxsys also provided test management, migration, business readiness and go-live services. The Axxsys team provided in-depth business knowledge as well as system specific expertise across SimCorp Dimension, eFront and Blackrock Aladdin. The programme was executed on-time and on budget.
Gitte Aggerholm CFO, Velliv said:
“We engaged Axxsys nearly 24 months ago because of their strong reputation for delivery and execution on investment management platforms. We also needed a trusted advisor who could partner with us in the creation of our future operating model and to manage and accelerate the implementation of our new platform.
Velliv is an ambitious company and we have high expectations which requires strong performance from the companies we engage. Axxsys has met our expectations, and their ability to execute, deliver and engage on all levels of our organization has been a key ingredient in our successful implementation. To go-live on time and on budget is the clearest evidence to demonstrate the positive working relationship between us.”
Klaus Krarup Client Delivery Director, Axxsys Consulting said:
“We were honoured to be selected by Velliv, a leading Nordic Life Insurance Company, to support them in this major change programme for the organisation. As a result, 24 months later we accomplished a go-live, on time and on budget, which is testament to the dedication and quality of the combined team of Velliv’s personnel and our consultants working together on the project. This is a clear demonstration of our key market differentiator of being able to deliver a high quality consultancy service, provided by our highly skilled industry professionals, who not only have strong domain knowledge but are also technology experts with specific expertise in the key investment management platforms used in the market.”