Modernizing Global Finance Operations Through Strategic Cloud Migration

Modernizing Global Finance Operations Through Strategic Cloud Migration

Situation

Invesco recognized the need to modernize their global finance and accounting technology infrastructure to improve operational effectiveness while reducing long-term technology debt and operational costs. The existing systems landscape required significant ongoing investment in maintenance and support while limiting the organization’s ability to leverage advanced reporting capabilities, process automation, and data analytics. The company needed to migrate to a modern global cloud platform that would streamline processes, enable enhanced automation, increase data quality and reliability, and provide a foundation for future technological advancement. The scope of this transformation required comprehensive lifecycle delivery support including software selection, systems integration, and the mobilization of a large-scale global implementation team using Agile methodologies.

Our Solution

Thought Logic provided comprehensive full lifecycle support for Invesco’s global cloud transformation initiative, delivering strategic guidance and hands-on implementation expertise. Our approach included facilitating the complete software selection and systems integrator RFP process, along with governance and business case development to secure executive support. We mobilized a 300+ person global implementation team focused on the design, development, testing, and cutover phases for an 18-month period across 15 product squads and 10 enabling squads utilizing Agile transformation methodology. Additionally, we served as independent advisors to evaluate program progress and organizational readiness across all implementation phases, ensuring successful delivery and sustainable adoption of the new cloud platform.

Stakeholders

Our Clients

  • Finance, Accounting, and Technology leadership teams

  • Global implementation and change management specialists

  • Multiple stakeholder groups across all business functions requiring system integration

  • Executive leadership focused on operational efficiency and cost optimization

Our Solution Team

  • Cloud migration and platform transformation experts

  • Oracle ERP and EPM implementation specialists

  • Agile program management and delivery consultants

  • Technology debt reduction and process optimization leads

$0
Million in annual run-rate savings
0%
Reduction in technology debt

Achievements

The engagement successfully transformed Invesco’s finance operations from legacy, high-maintenance systems to a modern, efficient, and scalable cloud-based infrastructure that supports both current operations and future growth.

Financial and Operational Impact

  • $1.5M annual run-rate savings achieved through streamlined processes, reduced manual work, and elimination of legacy system maintenance costs

  • 30% reduction in technology debt by migrating from legacy systems to modern Oracle cloud infrastructure with built-in scalability and future-ready capabilities

Technology Transformation Success

  • Single “source of truth” established for users across finance operations globally, eliminating data inconsistencies and improving decision-making capabilities

  • Modern global cloud platform successfully implemented using Oracle, Alteryx, Amazon Redshift, and Snowflake technologies for comprehensive financial operations

Program Excellence

  • 300+ person Agile implementation team successfully mobilized and managed across 25 product and enabling squads

  • Full lifecycle delivery support provided from initial software selection through complete system cutover and adoption

  • Enhanced automation and data quality capabilities established that support continued operational improvements and strategic financial analysis

  • Future-ready technology foundation that positions Invesco for continued innovation and operational excellence

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