ServiceNow Managed Services | Financial Services Firm

Employees at desks

From Frustrated to Streamlined: A ServiceNow Transformation for a Leading Investment Firm

The Client

This investment adviser manages more than $99 billion in investments and includes both individual and institutional investors as clients. 

The Challenge

The firm struggled to manage its IT environment effectively, grappling with limited resources and a lack of internal expertise to implement much-needed changes. An audit revealed gaps in accountability and traceability, highlighting the absence of clear ownership for Configuration Items (CIs) and business applications. This lack of structure not only complicated day-to-day operations but also left staff feeling uncertain about their responsibilities, creating inefficiencies and internal frustration.

Years of piecemeal configurations by multiple third-party vendors and internal managers had left their ServiceNow instance fragmented, without a consistent approach or continuity. As a result, the firm found it difficult to apply best practices like the Common Service Data Model (CSDM) architecture and Configuration Management Database (CMDB) structure—both critical to the smooth operation and scalability of the platform. This inconsistency made it challenging for staff to use the system effectively, leading to a sense of disorganization and missed opportunities for process improvements.

On top of that, incomplete knowledge transfer and a lack of documentation around the ServiceNow configuration and historical changes hindered their ability to make even routine updates. This created a barrier for staff who wanted to quickly resolve issues or introduce enhancements, contributing to frustration and a sense that the platform was more of an obstacle than a solution. Without clarity and confidence in their platform, the firm’s ability to respond to business needs quickly and effectively was compromised, leaving their team feeling overwhelmed and unable to make meaningful change on their own.

Beyond20 has put us on a good path.

“We are taking a great step in the right direction towards establishing ownership of applications. Having Beyond20 help us with custom development work and teaching us the basics about ServiceNow is helpful for the firm and me personally. I’ve learned a lot from your team, I trust their opinion, and you’ve saved me time and stress.

ServiceNow Product Owner

@ The Financial Services Firm

The Engagement

All organizations should be able to count on their systems for timely, accurate information–ensuring accountability wherever and whenever it’s needed. 

Recognizing these challenges, Beyond20 stepped in to guide the firm towards a more streamlined and efficient use of ServiceNow. We focused on enhancing the firm’s configuration management and business application oversight through several key initiatives.

First, we aimed to enhance business application accountability by fostering a culture of CI ownership. To achieve this, we recreated the Application Table in ServiceNow, improving the Business Applications CI type and CSDM structure. This involved installing instances and creating several custom fields to capture appropriate CI attributes, which helped establish clear ownership and accountability for each configuration item.

Next, we focused on boosting service awareness. We built out real-time dashboards and reports to enhance visibility and track CMDB health around applications. These tools empowered the firm with timely insights and actionable data, enabling more informed decision-making.

Finally, we ensured data integrity through automated alerts for CI review. Utilizing a ServiceNow plugin, we created a process to trigger automatic alerts for CI owners. This prompted them to review and confirm the accuracy and completeness of CI records and associated attributes every six months, ensuring ongoing data integrity and reliability.

The Result

Through these initiatives, Beyond20 enabled the firm to achieve greater control and visibility over their business applications. The firm experienced improved accountability with clear ownership of CIs and business applications, enhanced decision-making through real-time insights and data-driven decisions, and sustained data quality with regular reviews and updates to CI records. These efforts led to:

Improved Accountability and Auditability: Clear ownership and responsibility for business applications were established.
Enhanced Data Integrity: Automated alerts and regular reviews ensured accurate and reliable data.
Expanded Use of ServiceNow: The firm extended the platform’s capabilities beyond IT, improving both internal employee and external customer experiences.

Beyond20 is a head above.

“We have only worked with Beyond20 for six months, but even in that short time we’ve had some big wins. Compared to our previous vendor, Beyond20 is night and day in terms of expertise, knowledge, usefulness, and promptness.

ServiceNow Product Owner

@ The Financial Services Firm
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