Watchmist Limited - Services

Professional IT Consultancy Business.


Services / Strategic Partnerships

 

History

Watchmist has a long history of successfully providing consultancy services into Financial Institutions - over 27 years.
Projects have typically been technology focussed, but often involve Business and Operational impact too.

The founder Michael Elson has held senior management positions within several Investment Banks and during this time has experienced the challenges of delivering complex matrix-managed projects alongside large scale, off-shore vendors and their teams.

The challenge to successfully delivering such projects ultimately comes down to establishing lines of communication between vendors, locations and key team members and to setup a working practices for communications such as progress reporting and handling risks, issues and escalations. When dealing with opposite timezones, the challenge becomes that much harder to handle centrally.

Nothing mentioned so far is revolutionary, but history tells us that adopting the wrong approach can take 3-4 months to surface fully and this comes at a time when results need to be evidenced and the financial burn is well under way. It is better therefore to have the right people, in the right role from the start.

 

Watchmist can help to avoid this issue by adopting the following:

 

Details

Centre of Competence: At Watchmist we have seen the benefits of this approach time after time.
By having the control centre of the project located next to the customer, we ensure transparency and timely information flow even in the most complex project arrangements.

Expertise: Having worked in the industry for more than 27 years and being responsible for major programmes within Financial Institutions up to €100million, we have a strong team and a solid network of experts that we can call upon for assistance.

Staff: We have controlled and delivered multi-location, multi-vendor programmes for large, Tier 1 Investment Banks many times and have built large teams using a variety of vendors. These relationships have been established over the years and we know the right people in the vendors to suit each project. Watchmist has a special relationship to each of these vendors to ensure the right level of engagement and the right staff every time.

Direct Consultancy

Watchmist has experience of delivering consultancy direct into large businesses and whilst this is becoming increasingly harder to achieve with Banks reducing their preferred supplier lists down to just a handful of suppliers, this type of engagement still takes place and it is crucial that projects are delivered on-time and to budget to maintain reputation.

Centre of Competence

Watchmist has agreed terms with several of the big Consultancy firms who specialise in off-shore and near-shore project delivery. Such firms increasingly recognise the key benefits of having on-shore local expertiese to work closely with the client and at the same time help drive, co-ordinate and direct the off-shore teams.

Sample Projects

Watchmist has been involved in a variety of projects, ranging from Client Internet Access "Autobahn" (Tier 1 Inv. Bank / €100m), Big Data Project (Tier 1 Inv. Bank / €66m), Dodd Frank (Tier 2 Inv. Bank / €50m), Regulatory Reporting and Control (Tier 1 Inv. Bank / €50m).

Strong
Reputation
Track
Record
Global
Delivery
Elastic
Resourcing

Our Projects:





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