CAMS – A leading Financial services company reduces cloud costs by 60% using CoreStack platform
“Corestack is a robust cloud governance platform which helped us optimize our cloud costs and strengthen compliance. We are delighted to partner with CoreStack”
CAMS(Computer Age Management Services) is one of the largest financial services companies. It is a service partner to leading mutual funds, banks, insurance companies, and private equity funds. Its recently launched App alone manages around $35 billion worth of assets across 2 million users. Leveraging superior technology, this market leader brings several innovative services to investors and distributors.
While Cloud adoption was essential for CAMS to be innovative and agile, they soon realised it is complex and requires expertise to effectively manage costs and compliance. They were determined to overcome the following challenges:
These challenges were deterrent to their plan of adopting cloud for other products and services.
After evaluating many options, CAMS selected CoreStack.They deployed CoreStack platform to build solutions for automating Cloud operations, governance and cost optimisation.
As per CAMS team, significant win from this project is in using a platform for Cloud governance and automation instead of expensive outsourced services. Resulting in following benefits
Apart from deploying CoreStack platform, team also shared best practices on Azure architecture, sizing and consolidation of workloads and databases. All these had significant impact on our total cost of ownership. Their after-salessupport is great!
With renewed confidence on Cloud adoption, CAMS is already in discussions to move new business applications to Cloud. The plan is to automate all these and manage the Cloud governance from CoreStack.