The Conifer Group

Conifer Financial Services is a leading provider of fund administration, middle-office, trading, and prime brokerage services to many hedge funds and investment management clients.

The Conifer Group (Conifer) sought to ensure 100 percent systems availability on a global basis through outsourcing overnight systems monitoring and event escalation for the 15 systems across the firm’s platform infrastructure. The project objectives were to:

• Ensure that Conifer provides a smooth market-open for its clients
• Avoid adding full-time staff to address overnight needs
• Minimize costs associated with service delivery
• Leverage third-party monitoring as a quality control function

“The ultimate goal is that all the systems have been checked overnight and are ready by the time clients arrive in the morning.”
-Manish Garg
IT Director, The Conifer Group, LLC

Empaxis was selected over hiring staff due to:

• The proven capability to satisfy overnight monitoring, event escalation and reporting for 15 systems running in the firm’s platform environment
• The implementation of highly prescribed systems monitoring incorporating an alert process and procedure
• The delivery of independent, third-party credibility to the function of systems monitoring
• The provision of quality systems support on an overnight basis at a lower cost point than adding staf

“In addition to systems monitoring, we’re working with Empaxis to build tools that standardize other processes that we don’t necessarily need to do internally — for example, ETL for application migrations and onboarding.”
-Manish Garg
IT Director, The Conifer Group, LLC

Middle- and Back-Office Outsourcing

Within a month, Empaxis formed a highly structured process for systems monitoring and escalation. This enabled Conifer to have a high level of visibility into the status of client systems upon staff arrival to the office, ahead of market open. Empaxis quickly and efficiently notifies all relevant parties in the event an issue needs escalation. The issue is quickly addressed and resolved with little or no disruption for the client.

Empaxis employed its trusted method to ensure the most efficient and effective solution for Conifer. First, the solution was designed according to the specific needs and opportunities. The solution is performed 24 x 7 x 365. It is managed over time to ensure an optimum service.