Also Known as Primatics Financial

Group Members:

Ikhlas Ahmed 20191-25256 Muhammad Ali Samar 20191-25369 Talal Saleem 20191-25422

A Project Submission for Strategic Management Course to Sir Afaq Ahmed Kazi
 International Company, head office in Mclean, Virginia US

Founded in 2007 with merger of Illuminatics and Prime

Acquired by SS&C in 2016

Organization Compliant with SOC1 Type II and SOC2 Type II Reporting Standards

Clients focus on Big and Small Banks of United States

Highly successful during the Financial Crisis and Recession of 2008

Lots of Research and Development

Organization Vision Mission Values
(contd.) “Solve today’s The company is purposely Values over personality
challenges, meet the built to adapt to changing
business needs. Built on a Acknowledgement of
demands of foundation of reusable different employee
tomorrow” software, SS&C mission is perceptions
We combine software “To offer the greatest Client satisfaction
and services to solve depths of expertise, above all
financial institutions' software technology
most complex and unmatched No gender
challenges. financial solution in the discrimination
market” Mandatory Inclusion of
employees in decision
making
Work as one team with
one set of goals
 On Call Service Availability of Most Advanced Analytical & Skillful Coders in Market

Portfolio Collection of all market known Financial Solutions…and More

Strengths &
Large Scale Research & Development Department in Virginia
Weaknesses

Weak Presence in Local Market of the respective countries branches operate in i.e
Local Banks

Lack of Good Marketing Expertise causing not enough exposure od the developed
solutions
 Could Explore the Untapped Local Market of Banks

Could Extend Business From Just BANKS to other MNC’s and Insurance
Companies
Opportunities
& Threats
Imitation of company’s products into low quality free software solutions

As the company is operating in numerous countries it is exposed to currency

fluctuations causing a threat to its stability
 Growth Level Strategy

Sub Strategies
• Market Penetration
• Existing Market
• EVOLV - Accounting Start up product
• EVOLV – Credit added in 2008
Business • EVOLV – Reserving added in 2015

Strategies • EVOLV – Support of CECL regulation in 2017

• Market Development
• New Market
• Canada
• European Market
• Israel
• Product Development
• EVOLV – Risk Management in 2019
 With Primatics Financial or also known as (S&C Primatics) you can get through today’s
“Challenges” and meet tomorrow’s “Demands” by combining our SOFTWARE and SERVICES
to help your financial institution’s most difficult challenges through “EVOLV

• Software – EVOLV • EVOLV – Credit

Portfolio at • Future Proof • Scenario Analysis
• Sensitivity Testing
SS&C •
•
Extensible
Scalable • Credit Stress Testing
• Controlled (DFAST/ CCAR)
• • Specific Review
Integrated
• EVOLV – Accounting • Model Execution
• FAS 91 , FAS 65, FAS 141R ,FAS • Services
157 • Advisory Services
• EVOLV – Reserving • Training Services
• FAS 05, FAS 114, SOP 03-3, • Implementation Services
CECL, IFRS9 • On-demand Support
• Data Management
 External Factors Of Pakistan Impacting Primatics

• Political Instability
• Law and Order situation
• COVID

Major • Economical Instability : High Inflations

Operating Counter Measures by Primatics

• Business Continuity Plan

Issues • Remote working conditions (Laptops, Internet devices, vpn etc)
• Work from Home Policies
 Consensus In Decisions
• Same Page
• Drawback: Slow
• Benefit: No Resistance

Major Creative And Innovative Decisions

Internal • Empty Space
Priorities • Agile process

Inclusion In Decisions
• Differently Scaled Meetings
• Daily scrums with Product Owners and Teams
 Values over personality
• Matching employee Values with Company Objectives
• Zero tolerance if employee lack moral values

Acknowledge different employee perceptions

• Employees are appreciated to share suggestions
• Monthly HR meetings to address any concerns from employees

Employee Absenteeism

Behavior At • Facility of Work from Home policy to handle Absenteeism

• Failure to meet deliverables results in warning issued

Work Turnover
• Low turn over rate due to incentives provided by the company
compared to other software company
• Pleasant working environment

Organizational citizenship behavior

• Various benefits and compensation to keep job satisfaction high
• Life time award for the service of more then 10 years by top
management
 Short Term Incentives Extra Curricular Activities
• Primatics Recreational Committee
elected every year
How we • Work From Home
• Employee monthly contribution
keep our • Working Hours Flexibility
based on designation (ranging
from 200 to 1000)
employees • Sports Activities
• Musical Events
motivated? • Cab Facility
• Beach Picnics with water sports
• Lunch And Dinner Facility • Mango Day
• Overnight Resorts and Club stay
• Spot Bonus • Cinema Movie with Dinner
• Team Building Activity

• Compensatory Leaves • One On One Sessions

Performance & Awards
• Primatics financial have been successful in
establishing their reach globally across
North American Market catering towards
75% of the Private Banking Institutions.
• They topped the financial solutions
market crossing all their competitors with
a sales of 32.8 Billion Net Sales 2020
• They were able to outperform their
previous records despite the Pandemic in
2020 specially the Q3 & Q4 of 2020
generated twice the usual sales as well
the employee retainment ratio was
maintained around 70-85% in 2020
• Primatics has won 4 awards in
2021 and 7 awards in 2020. In
2021, They were given the honor
of
• Best Solution Design Team 2021,
• Ninja Coders 2021,
• Best Global Culture 2021 and
• Best Company Outlook &
Security 2021.
 Expanding the Business to Adding New Products Entering into New Market
New Industry under EVOLV
Goals & Currently only focused on
banks
Currently only focused to
Commercial and
Currently only focused in
North American Market

Aspirations Potential target Insurance

Companies
Consumer Loans
Potential upgrade to have
functionality for Financial
Potential to Expand in to
Canadian, European as
well as local Markets
Instruments like
Derivatives
Adding ability to process
Insurance policy users
Thank You!