Capgemini & Salesforce Financial Services cloud
Capgemini Group Brings the Power of Salesforce Financial Services Cloud to Wealth Management Clients Worldwide. New cloud-based Financial Services offering provides fully integrated capabilities for improving wealth manager productivity and firm-wide agility.
Copenhagen, March 9 2016 – Capgemini Group announced it is extending the reach of Salesforce Financial Services Cloud by bringing its extensive industry expertise and insights from the World Wealth Report, and long history of successfully implementing Salesforce solutions, as a Systems Integrator, to the financial services industry.
At a time when the wealth management industry is undergoing significant disruption, the Salesforce Financial Services Cloud platform is a critical tool to support wealth managers and firms in delivering value to their clients by accelerating their digital transformation, integrating third-party data and enhancing wealth manager productivity. Financial Services Cloud is available for purchase today, empowering wealth managers to build deeper, 1-to-1 client relationships to be more productive and engage more holistically with clients anywhere and on any device.
“Global high net worth individual (HNWI) wealth is at an all-time record high and is up over 70 percent since 2008”, according to Wealth Management in the Digital Age, a white paper published today by Capgemini and Salesforce. “However, this wealth growth has not translated into profitability for firms, with a significant business challenge being the need to build a digitally-enabled organization leveraging leading platforms for clients and wealth managers alike.”
Firms Need to Act Now on the Digital Agenda
Forty-seven percent of wealth managers globally are not satisfied with the digital tools provided to them by their firms, according to Capgemini’s research. This dynamic is compounded by the finding that a majority of high net worth individuals will leave their wealth management firm for the lack of an integrated channel experience.
“Beyond retaining existing clients and wealth managers, the ability to leverage digital technology to attract new clients and revenue through data-enabled propositions for clients will be critical to firms’ profitability in the future,” said Anirban Bose, Global Head of Banking and Financial Services, Capgemini. “Digital transformation with solutions like the Salesforce Financial Services Cloud will give wealth management firms the agility to rapidly adapt to the evolving needs of wealth management clients.”
Building a Next-Gen Digital Platform is Critical for Success
One of the most critical dimensions to building digital capability is the ability to tap into new data possibilities as well as the rapid evolution of third-party FinTech firms in order to bring the best capabilities to clients. With Capgemini’s capabilities as a Systems Integrator, we help clients to rapidly access and take advantage of third-party FinTechs. The Salesforce Financial Services Cloud offers immediate enablement of wealth manager productivity and efficiency gains, while also serving as a future-proof and scalable platform to keep up with the fast pace of technological change, especially within the evolving FinTech ecosystem.
Leveraging the Power of Co-innovation
"The future is here, and it's advice, not administrative tasks. Salesforce is transforming the advisor-client relationship for the digital age," said Simon Mulcahy, GM of Financial Services, Salesforce. “Capgemini is supporting Salesforce in its mission to deliver a new era through proactive, personalized and goal-based collaborative advice."
“In the ‘age of the customer’, the combined strengths of Salesforce and Capgemini will help wealth managers connect with their customers in a whole new way, run their business through their phones, create 1to1 customer journeys and get smarter and more predictive about their customers’ behavior” said Jean Lassignardie Capgemini Corporate Vice President and Group Head of Salesforce Expert & Transformation Services.
A global leader in consulting, technology services and digital transformation, Capgemini is at the forefront of innovation to address the entire breadth of clients’ opportunities in the evolving world of cloud, digital and platforms. Building on its strong 50-year heritage and deep industry-specific expertise, Capgemini enables organizations to realize their business ambitions through an array of services from strategy to operations. Capgemini is driven by the conviction that the business value of technology comes from and through people. It is a multicultural company of 200,000 team members in over 40 countries. The Group reported 2017 global revenues of EUR 12.8 billion.
Capgemini has developed its own way of working, the Collaborative Business Experience™, and draws on Rightshore®, its worldwide delivery model.
Rightshore® is a trademark belonging to Capgemini
Serving two-thirds of the world’s largest financial services institutions, Capgemini Financial Services helps banks, capital markets firms, and insurers meet today’s industry disruptions with innovative business and IT-solutions which create tangible value. A team of 31,000 financial services professionals around the world collaborates across geographies, domains, and technologies to deliver the best tailored solutions to its clients.Capgemini Financial Services brings award-winning industry expertise, leading market insights and over 25 years of global delivery excellence to client engagements.
Learn more about us at www.capgemini.com/financialservices
Connect with our wealth management experts in the Financial Services section of Capgemini Expert Connect at http://www.capgemini.com/experts/financial-services.
Salesforce, Salesforce1 and others are among the trademarks of salesforce.com, inc.
 HNWIs are defined as those having investable assets of US$1 million or more, excluding primary residence, collectibles, consumables, and consumer durables