Right First Time THE IMPORTANCE OF “WORKING THE PORTFOLIO” ONCE

Operational efficiency is always important, but

never more so for asset management firms today.

To achieve this, a key driver is the ability to do something once, to do it properly and for

multiple parties to benefit.

A NEW WAY OF WORKING

This relies on two capabilities:

Firstly, the system must be capable of taking in data and distributing it

to a variety of end users in a format that meets their specific needs.

Secondly, the system must facilitate and allow for self service, where end users take the output

and configure it themselves.

Old systems are not scalable or flexible for today’s markets.

The demand is for flexible, transparent and accurate analytics and reporting.

Too many systems mean duplication of effort and increased operational risk.

THE CHALLENGE

21ST CENTURY RESPONSE

The latest technology means processes can be automated to:

This means “working the portfolio” once for the benefit of many, as opposed to doing something slightly different and many times over.

Share information more effectively.

Consolidate data sets.

Reduce workflows.

Achieve desired scalability.

The need for scalability through automation is being driven from all

angles. And because these problems are not limited to one single vertical or silo,

then manpower alone is not the answer.

REASONS TO AUTOMATE

REASONS TO AUTOMATE

GERT RAEVES, SENIOR RESEARCH DIRECTOR, CEB TOWERGROUP

“One of the key mechanisms that we as IT providers can offer, is to reduce the effort associated with data and

analytics. We can make it much more programmatic, much more automated

and much more owned by IT.”

Most asset managers have realized this. They want the right systems capable of managing any asset class and analytics in an effective

and scalable way.

To achieve this, clean data and well defined processes are essential.

THE ROLE OF DATA AND PROCESS

Data aggregation is also important.

Without it, asset managers face the risk of manual aggregation, which can be difficult

and reduces responsiveness, hinders growth and increases operational risk.

THE ROLE OF DATA AND PROCESS

MORE NEEDED

Good data and a robust data management

workflow is important. But that’s just a start.

Tools capable of producing aggregated dashboards and data analytics are also needed.

Having fewer copies of signed off official data and analytics reduces the risk of ‘rogue’ information being released in the wild.

Individuals and departments are then freed up to leverage official data for their own use and enhance their

own reporting - both internally and for external clients.

SELF SERVICE COMES NEXT

THE VALUE OF SELF SERVICE

With greater agility and interactivity:

Middle office teams can be more

responsive and add value through

analytics.

Performance and risk can be measured more forensically and in collaboration with

multiple teams.

Valuable business information has a

greater reach and more chance of contributing

to the bottom line.

DATA AND ANALYTICS IN THE CLOUD

• Provide secure and controlled access to the client directly so they can self-service.

• Rest assure the numbers are right because you’re in control of them.

• Limit the access and content of what people can see, based on their role.

• Reduce the cost and pressure on the middle office.

With a single copy of the data and the right analytics in place you can:

Technological advances mean that systems can now lead to a single copy of the data, a systematic workflow and sharing of data

and information to allow for configurable and bespoke performance and risk analytics.

Again this is based on the notion of working the portfolio once - but properly - so everyone can benefit from it and follow the same ‘script’.

IT CAN BE DONE

Being in the cloud means the system can be easily updated and new data types and workflows can be added without disruption.

That’s good news for operational efficiency and great news for client servicing.

FUTURE PROOF YOUR TECHNOLOGY

“This is value-add business information. It’s not just data any more.”

DAMIAN HANDZY, GLOBAL HEAD OF RISK, STATPRO

• Demand for always on reporting needs to be met.

• Inputting and analyzing data once saves time and effort.

• Being able to manipulate the results adds value and can lead to deeper insight and a bottom line contribution.

• The right analytics platform can make all of this happen.

TAKEAWAYS

LOOKING FOR IMPROVEMENT IN

YOUR MIDDLE OFFICE?

Performance and risk analytics 2016-2020 The future business case for boutique asset managers

Download Now