What is the secret to a successful technology implementation? “First and foremost, we want to be clear on the problem we are solving for,” says James Fung, chief technology officer at global private markets firm Northleaf Capital. “If we decide to explore a technology solution, we want to be laser-focused on the primary objective for the solution, so we are not distracted by the ‘bells and whistles’ of the solutions of the day.”
Clearly defined goals are common to the three case studies we bring you this week. Insight Partners required a better way of gathering, analyzing and disseminating data from a growing stable of portfolio companies. Riverside needed a neater and safer way to sign off wire transfers. Adams Street Partners needed to centralize 40 years of fund data. We hope they are instructive.
If you have a tech implementation story to tell, we would love to hear from you.
Email prepared by Toby Mitchenall.