BH Technologies™ Case Study
Accelerating Internal Audit Platform Modernization in Financial Services
Overview
A major financial institution launched an enterprise-wide modernization initiative to transform its Internal Audit technology landscape. Beacon Hill was engaged to deliver advanced application development services to design, build, and enhance a centralized, scalable, and secure audit management platform, enabling more effective risk oversight, reporting, and operational resiliency.
Business Challenge
The Internal Audit division was operating on legacy technology platforms that lacked scalability, integration, and sustainability. Core challenges included:
- Disconnected data sources and inefficient manual processes.
- Inability to meet new regulatory, reporting, and operational resiliency standards.
- Technical debt slowing the implementation of modern, cloud-adaptable solutions.
- A need for enhanced business continuity, documentation, and agile delivery practices.
The institution required a modernization solution that could seamlessly integrate source systems, automate data flows, upgrade platform components, and embed modern development and risk management best practices.
Our Solution
Beacon Hill provided comprehensive application development services to design and implement key components of the new Internal Audit environment. Our scope of services included:
Application Design and Development:
Architected and developed robust data integration pipelines between systems of record and the audit platform, leveraging C#, SQL Server Integration Services (SSIS), relational databases (SQL Server and Oracle), and RESTful APIs.
Platform Modernization and Upgrades:
Led system software upgrades, configuration changes, and architecture standardization to enhance platform stability, security, and scalability.
Reporting Enablement:
Designed and implemented new reporting capabilities aligned with internal and regulatory audit standards, ensuring transparency and operational readiness.
Business Continuity Planning:
Developed and executed business continuity testing plans and delivered comprehensive system documentation to ensure resilience and auditability.
Agile Development and Leadership:
Integrated into Agile workstreams to drive sprint-based development, backlog refinement, and continuous improvement practices across a blended onshore/offshore delivery team.
Stakeholder Alignment:
Engaged directly with Internal Audit and Technology leaders to translate business requirements into technical deliverables, ensuring that technology improvements mapped to business risk objectives.
Outcomes
Enhanced Audit Platform Scalability:
Delivered a centralized environment capable of supporting end-to-end audit activities, improving efficiency and risk visibility across the organization.
Faster Delivery Cycles:
Accelerated the modernization roadmap by embedding Agile development practices and driving velocity across sprints.
Operational Resiliency:
Strengthened the platform’s security, maintainability, and business continuity capabilities to better meet emerging regulatory and organizational requirements.
Improved Business Insights:
Enabled better audit reporting and analytics through automated, reliable data flows and newly designed reporting modules.
