Integration to your systems
Trading on RI3K requires nothing more than a web-browser and the right security permission.
It is easy to access and requires no technology installation.
A key part of the benefit of trading electronically is that, behind the scenes, trading data is captured and can be handed off to the internal systems of user companies. This removes the need for re-keying the data which is costly and slow, and it reduces errors rates.
Integration business benefits
Integration will allow messages to flow between IT systems and the RI3K Trading Service. With the burden of simple administration tasks lifted, your company will be able to focus on its value-creating core competencies.
By sitting in the middle, RI3K will enable any integrated system to be connected with any other integrated system. As a result, by integrating to RI3K, you will be integrated to all industry companies who are integrated with RI3K, enabling you to trade 'end to end' with them.
Integrating with RI3K allows you to communicate with multiple partners without implementing and maintaining multiple integrations. RI3K maintains and upgrades the integration messages with all partners, leaving IT departments to concentrate on internal problems, rather than tracing changes made by multiple third-parties.
- Faster response times
- Removes the need to re-enter data
- Enhanced capacity: greater automation allows you to deal with much larger volumes
- Reduced costs in the medium and long-term
- Improved accuracy: with front and back-office accessing the same data the chances of errors are greatly reduced
How do we integrate?
Integration with RI3K is done through our messaging gateway RI3K's Message Services, which support a range of industry accepted ACORD standards and can deliver messages and payloads in clients' preferred formats. Alternatively, RI3K can develop custom integrations to service the customer needs. For more information about RI3K's Message Services, please click here.
RI3K's Project Methodology
RI3K provides a complete project management programme which will ensure that due care and attention are afforded to each integration and that a complete sign-off procedure is undertaken.
- Approach
- Auditable progress milestones including sponsor sign-off
- Verified and proven procedures which allow identification of known and potential bottlenecks
- Reduced project timescales and risk
- Reduced learning curves based on tested procedures
Typical Project Phases
Although all integrations are tailored to individual clients' circumstances, every integration project will pass through these generic 'phases':
- Feasibility study creation: initial analysis & planning
- Business process modeling: more detailed analysis of areas identified above
- Data-mapping and systems analysis phase
- Detail implementation planning
- Implementation
- Testing and user acceptance phase
Further information
For further information, please contact:
Robin Merttens
Chief Operating Officer
robin.merttens@ri3k.com
+44 (0) 20 7400 3511
- ACORD and customised integrations between the customer systems and the RI3K Trading Service
- Customised integration between customers' systems and customer partners' systems
- Customisation of the RI3K Trading Service modules
- Technical advice and consultancy on issues ranging from IT infrastructure to ACORD integrations
Customer benefits:
- Roadmap for customers to capitalise on existing IT investments and their use of the RI3K Trading Service
- Available experienced resources and technical expertise for ACORD and non-ACORD integrations