Toptal talent saves leading investment advisory an estimated $500,000 per year by implementing API-first strategy.
A J.D. Power Award-winning investment advisory was ready to pivot to an API-first strategy, but needed expert developers to eliminate costly manual tasks, revamp their CRM, and train nontechnical teams to leverage these new tools.
Client
A leading US financial services firm with an estimated 200 billion in client assets.
Employees
Industry
Financial ServicesDelivered Services
Get a free consultation now
Schedule a CallChallenge
In an increasingly customer-centric environment, data-driven client management is critical. Following company restructuring, a leading investment advisory firm was left with limited technical expertise, and a data-integration strategy that was bogged down by manual tasks and inefficient legacy applications.
Solution
Fully managed expertise, on demand
In a matter of days, Toptal introduced a curated team under a technical project manager with 12 years of experience. The team swiftly assessed the client’s current system and isolated issues with outdated management and unscalable peer-to-peer connections across their many apps.
10 applications rebuilt
Leveraging Agile techniques to implement MuleSoft API, Toptal’s team spent 18 months implementing an API-first strategy to replace old processes with automated, modernized solutions for 10 of the client’s applications. They trained nontechnical teams to utilize their newly integrated systems to power efficient, data-driven methodology.
Outcome
5,000 hours of efficiency gained
The client’s new API-focused operating model eliminated manual processes totaling over 5,000 hours per year, worth an estimated $500,000 annually. In addition to gains in efficiency, API implementation has improved the client experience, improved data consistency, and significantly reduced human error rates.
API-first facilitates replicability
Eliminating peer-to-peer dependencies between apps and replacing them with an API-focused infrastructure has not only greatly improved speed and functionality for the 10 tools Toptal’s talent modernized, but created a replicable architecture that enables the financial services client to scale their processes as needed in line with their API-first strategy.
Get a free consultation now
Schedule a Call