FRACTIONAL CTO
AlphaMille advises startups, venture & private equity funds, hedge funds, RIAs, asset management firms and SMBs on elevating their technology capabilities.
FRACTIONAL CTO SERVICES
Forrester Research predicts 10.5% growth in technology investment globally this year, and IT leaders need to prepare for challenging economic conditions ahead.
In a post-pandemic world, firms accelerate overall outsourcing as they learn to collaborate in a world where speed, quality, flexibility, and cost are more important than physical location.
Technology is no longer a function, it is deeply integrated into the core business. Every company is a technology company in the 21st century.
Whether your goal is to fulfill investor due diligence requirements, protect your data, create a robust technology platform, monitor your portfolio, set up FinTech partnerships, supplement your development staff with offshore developers, set up an R&D center or a variety of other important goals, you might not necessarily need a full time CTO. But you do need an experienced CTO with a deep understanding of your industry, experience with your type of business and access to global technology resources.
We take the time to understand your requirements, create the Target Operating Model, and manage the implementation. We work through the “buy/build” solution scenarios, run “RFP-light”, implement and integrate vendor solutions, set up data & analytics and create reporting. We design the appropriate technology delivery models and optimize your outsourced technology teams for the right blend of technical skills, seniority, location and cost.
OUR DIFFERENCE
Our expert team has C-level expertise and years of experience with industry leading firms including JPMorgan, HSBC Securities, Deutsche Bank, Apple Bank, ABN AMRO, ING, Prudential Securities, D. E. SHAW, KPMG, Mousse Partners and others.
We are a US-based company where our management team and operations are local while having access to the best talent globally. We open up access to thousands of technologists on every continent. We have been building hybrid teams (onshore, nearshore and offshore) since year 2000. This creates enormous business value and cost savings.
Fractional CTO Responsibilities
Strategy
Understand the business objectives and strategy
Create the overall technology strategy
Align business strategy with technology strategy, target operating model, IT org. chart and IT/data capabilities
Budget & IT Payoff
Bottom line: a well run and operated business
Execution
Complete the current assessment
Create the target operating model
Create the roadmap and monitor execution OTOBOS (on time, on budget, on scope)
Deliver relevant technology services
Ensure appropriateness (fit/cost) of technology stack
Identify and work through existing tech challenges
Define key performance indicators (KPIs) and track them
Human Capital & Team Building
Optimize the technical team in terms of skills/cost
Buy or build software decisions
Select Vendors
Choose the delivery model (employee vs consultant) and location and build a tech team
Manage strategic partnerships
Contract review and negotiation
Risk Management
Plan for agility, scalability and reliability
Manage risk, security, and compliance
Design and implement the governance model
IImplement cybersecurity and data protection measures
Select appropriate frameworks and best practices
Automate manual tasks
BENEFITS OF FRACTIONAL CTO LEADERSHIP
Strategic perspective
High experience level
Cross-domain expertise
Business liaison
For the company:
Lower cost and higher IT payoff
Technology-enabled competitive advantage
Increased efficiency of time and resource usage
Improved visibility in monitoring company performance
VENDOR SELECTION
We help investment funds and portfolio companies set up an agile business model and achieve more. After we define the target operating model, design end-to-end technical architecture, help select vendors and assure data governance and data quality.
As firms increasingly use a multitude of data sources and make data-driven decisions, the need for navigating the digital data ocean keeps increasing. Alternative data, including ESG Reporting, is becoming more important as a source of differentiation. Read more on our proprietary deal sourcing and screening automation and the use of Machine Learning to score potential deals using the fund’s proprietary framework.
CUSTOM APPLICATION DEVELOPMENT
CASE STUDY: SOURCING, SCREENING & SCORING HIGH POTENTIAL DEALS
PROBLEM: An investment fund using a multitude of data sources and making data-driven decisions needed help in navigating the digital data ocean.
SOLUTION: Automated proprietary deal sourcing; used Machine Learning to score potential deals; eliminated manual work. Results: efficiency and significant cost savings.
CASE STUDY
PROBLEM: A private equity team within a family office made investments in large scale infrastructure projects. Neither the family office nor the portfolio company had dedicated technology staff. In time, the need for portfolio monitoring, basic reporting and data management became overwhelming. The general lack of cohesion on day-to-day operations resulted in missed opportunities, stress and suboptimal decisions. The management team was not getting timely or accurate reporting until six months after month-end.
SOLUTION: Being familiar with our services, the firm used AlphaMille to assess its current infrastructure and advise on the optimal technology team model. The hybrid team was created with both onsite and offshore presence. The team set up an integrated data warehouse solution to track and report on cash flows, allowing the firm to better understand monthly spend and maximize investment potential. The services also included cybersecurity, with the goal of absolute discretion, privacy, and security of data. Data was encrypted at rest and in transit, and stored in a secure, SOC-2 compliant, commercial data center. A dedicated separate network was used to protect data, complete with strict access controls and vulnerability scanning.