Oracle Customer Success — SAI Certinvest SA

SAI Certinvest SA

Certinvest Streamlines Investment Operations on Oracle Cloud

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With Oracle Public Database Cloud Platform we have significantly reduced costs and time to market, increased agility, and improved the level of services offered through our online investment management application. This enables us to be more competitive in a tightening investment market.

— Daniel Olariu, CIO, Certinvest

Certinvest Increases Competitiveness by Deploying Investment Management Application on Oracle Database Cloud Platform

Certinvest is a Romanian financial group active in investment management and private pension funds. It provides integrated financial solutions to over 20,000 customers, and is one of the largest independent asset managers in Romania.

Over the past 10 years, the Romanian asset management environment has evolved significantly. Once solely performed by small, independent Romanian firms that focused on a specific geographical region, bank-owned asset managers have recently emerged with the size, network, and resources to command dominant market positions, bringing asset management into the mainstream. This has led to a highly competitive market that currently services 400,000 investors throughout the country.

Certinvest has retained its competitiveness by continually offering a range of innovative services, such as an online platform with sales and after-sales services that empowers its customers to more easily manage their investments.
 

 
Challenges
  • Renew investment core system which had been internally developed, grown in complexity since its adoption in 2006, and for which few IT resources remained available with the expertise to support changes to business processes and financial regulations
  • Streamline business processes and improve customer services by adopting a digital transformation strategy and implementing a modern, custom-made application for online investments on a flexible, robust platform
  • Increase business agility and competitiveness by reducing time to market for new online investment products and services
  • Reduce IT overhead with an infrastructure that enables Certinvest to adapt technology investments according to unfolding business requirements
Results
  • Reduced IT costs, streamlined business processes, improved customer service, and fully aligned with digital transformation strategy by implementing a new investment management application, Clavis—developed by Oracle Partner Dorsum—on Oracle Database Cloud Service and Oracle Storage Cloud Service
  • Streamlined investment operations with a custom-made application on a high-performance database in the cloud—ensuring that each investment is allocated to the specific client at the agreed price and in the correct fund, and that all online transactions are immediately visible and available for reporting purposes
  • Increased competitiveness against bank-owned investment managers thanks to the ability to bring innovative online services to market faster on one of the most complex investment platforms in Romania
  • Improved customer service by providing a more reliable online investment platform where customers can check the performance and status of their investments, including asset allocation and transaction history, at any time and from any location
  • Boosted business agility in a tight Romanian investment market with a flexible, standards-based platform that can rapidly adapt to internal business process updates and frequent changes in national or European Union financial regulations
  • Optimized costs for the IT platform and infrastructure by running investment portfolio management software in the cloud, eliminating the need to purchase hardware which continually depreciates in value, and projecting significant cost savings over the next five years
  • Increased security of business-critical financial and investment data thanks to a world-class database cloud platform with automated patching, ensuring that the company is always working from the most up-to-date version
  • Provided the ability to adapt investment in technology based on business evolution—moving from a capital expenditure to an operational expenditure model—for example enabling Certinvest to use the test environment for new investment services only when required and without needing to pay for a separate test license

 

We selected Oracle Database Cloud Service and Oracle Storage Cloud Service to run our business-critical investment portfolio management platform due to its flexibility, robustness, security, and elasticity to scale according to our requirements. In addition, the move to cloud has enabled us to significantly lower our IT overhead by 15% to 20%.

— Daniel Olariu, CIO, Certinvest

About SAI Certinvest SA

Headquarters

 
Bucharest, Romania

Employees

 
30

Annual Revenue

 
Under US$100 Million

Certinvest was founded in 1994 by Eugen Voicu. In 2007 it was bought by British group Aviva, which took ownership from Voicu (30%) and from Fondul Romano-American de Investii (70%). In 2010 Eugen Voicu bought back its majority stake. The company currently manages assets amounting to over US$50 million.

Partners

Certinvest engaged Oracle Partner Dorsum to develop its custom Clavis investment application and then optimize it for deployment on the Oracle Public Cloud, with assistance from the Oracle management team.

“The close collaboration between Dorsum, Oracle, and our IT team was crucial for the success of the deployment and for ensuring we had the required functionality for our core business system,” Olariu said.

Published:  Feb 15, 2017