In it Together

WHY “COLLABORATION” IS NOW AN ESSENTIAL SKILLSET FOR ASSET MANAGERS

The demands for data and reporting now placed upon the asset management enterprise as a whole are many, varied and rapidly changing.

For this reason, simply asking the middle office to produce ad hoc reports adapted from several

legacy systems will only continue to yield problems.

LIGHT THE FUSE ON FIRE-FIGHTING

“…As data volumes grow exponentially, organizations must answer a difficult

question: How can they manage this complex mass of information in a way that leads to

smarter decisions and better results…?”LEADER OR LAGGARD – HOW DATA DRIVES COMPETITIVE ADVANTAGE IN THE INVESTMENT COMMUNITY

STATE STREET

With this is mind, increased collaboration across different functions in the business is essential. Today,

asset managers need a single, web-based data set and analytical and reporting systems to achieve:

STRONGER TOGETHER

Better response

times.

Improved investment

decision making.

De-risked processes.

Performance, risk and compliance teams traditionally use separate systems. This:

COMPARE AND CONTRAST

Duplicates the same data, often

inaccurately.

Increases IT spend.

Produces analytics and reporting that is

inconsistent and slow.

• Analytics and reports are produced accurately and consistently.

• IT spend and complexity is reduced.

• Multiple teams are acting and collaborating on the same data.

• Authorized users in any part of the business can produce their own reports as they are needed …not just at the end of the month.

Instead, by using a single enterprise-wide analytics data set:

COMPARE AND CONTRAST

“…Non-compliance with the host of new regulations covering all aspects of financial

services has become a serious risk for firms. The price of getting compliance wrong is getting larger as headline-grabbing fines in both the United States and UK have demonstrated.”

TIME TO MERGE RISK MANAGEMENT AND COMPLIANCE? REUTERS

Of course, achieving a single enterprise-wide analytics data set requires collaboration across the business. Managers need to accept that the entire

firm owns the data, not any one department or team.

For many asset managers, this represents a real culture change. But the benefit to the business as a whole is greater than the sum of its disparate parts.

UNITED WE STAND

“…As IT providers we can reduce the effort associated with data and analytics. If we can make it much more programmatic,

much more automated, much more owned by IT, clearly you’re breaking some of that ownership link with the middle office hard lifting. In other words, we have systems

replacing people’s manual efforts…”GERT RAEVES, SENIOR RESEARCH DIRECTOR, CEB TOWERGROUP

• Internal and external performance reporting is swift, consistent and flexible enough to meet new demands.

• Risk can be analyzed and reported efficiently and quickly.

• Compliance teams can be confident that their processes service existing and future regulatory requirements, and adequately cover compliance risk.

New technology means foreseeable and unforeseen demands placed upon the asset

management enterprise can now be met.

Here’s why:

FUTURE VIEW

MORE IN YOUR POCKET

And, by the way, IT costs can be contained as well.

That’s got to be good news with profit margins

squeezed more and more.

Collaboration means reconfiguring the middle office from owners and guardians of data, to facilitators of efficient analysis and reporting across the business.

It also means teams opening up controlled access to analytics and data for anyone using a trusted

cloud-based platform.

THE NEW FACE OF THE MIDDLE OFFICE

Five reasons to collaborate:

1. Because asset management middle offices cannot go on fire-fighting the ever-changing and increasing demands placed upon them.

2. Relinquishing “ownership” of data opens the path from siloed information to a single enterprise cloud-based data source.

3. High level collaboration of this sort leads to consistent, accurate and timely analytics and reporting for internal and external clients of the business, according to their needs.

4. Consolidating systems reduces IT costs and operational risk by allowing multiple teams to access the same information.

5. It leads to a business capable of competing for greater market share.

TAKEAWAYS

LOOKING FOR IMPROVEMENT IN

YOUR MIDDLE OFFICE?

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