Interactive Data is a trusted leader in financial information. The company’s businesses supply real-time market data, time-sensitive pricing, evaluations and reference data for securities trading, including hard-to-value instruments. Within the Operations and Client Services organisation, Interactive Data embarked on a journey to change the mindset of the way they approach achieving business objectives.
The Company needed to create a scalable framework based on proper planning and transparency. A unique challenge of theirs was to employ subject matter experts in the role of Project Managers. Traditional tools would have diverted their attention away from the very business objectives they were trying to achieve. MindGenius provided Interactive Data with a low cost, easy to use solution that met their needs.
As demonstrated above, Project Mangers execute their individual projects solely within MindGenius. As they export each project to a single repository, programmatic checks are applied to be sure they are up-to-date and valid. Lastly, they use SharePoint to provide Senior Management with a view of their entire portfolio from an interactive dashboard. .
Through the implementation of MindGenius, Interactive Data achieved:
- Improved planning and execution
- Increased transparency
- Reduced administrative overhead
- Enhanced communication
- Advanced portfolio to management
- Provided uniform reporting
Director Monica Lussier commented: “MindGenius has allowed our small Project management Office of 3 Project Managers and 6 Business Analysts to extend our reach. Before MindGenius, we were managing projects in a traditional-model at a capacity of approximately 10 active projects. Since MindGenius, we have moved to a mentor-model with functional resources acting as PMs. Our modest Project Management Office is now acting like a large Project Management Office with minimal additional costs to the company.”
“Thanks to MindGenius’ ease of use, we are now governing 44 Project Managers in a portfolio of over 50 active projects”
Monica A. Lussier, Director of Strategic Platform Management, Interactive Data
Interactive Data believed in the value of MindGenius particularly due to the software’s capability to output information into multiple formats. They initially started with the built-in reports and export capabilities in the standard product which led Interactive Data to leveraging their xml output format to integrate with SharePoint.
With MindGenius as the basis of their approach, Interactive Data are now able to control costs and complexity while meeting their business objectives.