Right First Time: the importance of "working the portfolio" once
-
Upload
statpro-group -
Category
Business
-
view
357 -
download
1
Transcript of Right First Time: the importance of "working the portfolio" once
![Page 1: Right First Time: the importance of "working the portfolio" once](https://reader035.fdocuments.us/reader035/viewer/2022062522/58a95f451a28abfd648b4575/html5/thumbnails/1.jpg)
Right First Time THE IMPORTANCE OF “WORKING THE PORTFOLIO” ONCE
![Page 2: Right First Time: the importance of "working the portfolio" once](https://reader035.fdocuments.us/reader035/viewer/2022062522/58a95f451a28abfd648b4575/html5/thumbnails/2.jpg)
Operational efficiency is always important, but
never more so for asset management firms today.
![Page 3: Right First Time: the importance of "working the portfolio" once](https://reader035.fdocuments.us/reader035/viewer/2022062522/58a95f451a28abfd648b4575/html5/thumbnails/3.jpg)
To achieve this, a key driver is the ability to do something once, to do it properly and for
multiple parties to benefit.
![Page 4: Right First Time: the importance of "working the portfolio" once](https://reader035.fdocuments.us/reader035/viewer/2022062522/58a95f451a28abfd648b4575/html5/thumbnails/4.jpg)
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.
![Page 5: Right First Time: the importance of "working the portfolio" once](https://reader035.fdocuments.us/reader035/viewer/2022062522/58a95f451a28abfd648b4575/html5/thumbnails/5.jpg)
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
![Page 6: Right First Time: the importance of "working the portfolio" once](https://reader035.fdocuments.us/reader035/viewer/2022062522/58a95f451a28abfd648b4575/html5/thumbnails/6.jpg)
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.
![Page 7: Right First Time: the importance of "working the portfolio" once](https://reader035.fdocuments.us/reader035/viewer/2022062522/58a95f451a28abfd648b4575/html5/thumbnails/7.jpg)
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
![Page 8: Right First Time: the importance of "working the portfolio" once](https://reader035.fdocuments.us/reader035/viewer/2022062522/58a95f451a28abfd648b4575/html5/thumbnails/8.jpg)
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.”
![Page 9: Right First Time: the importance of "working the portfolio" once](https://reader035.fdocuments.us/reader035/viewer/2022062522/58a95f451a28abfd648b4575/html5/thumbnails/9.jpg)
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
![Page 10: Right First Time: the importance of "working the portfolio" once](https://reader035.fdocuments.us/reader035/viewer/2022062522/58a95f451a28abfd648b4575/html5/thumbnails/10.jpg)
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
![Page 11: Right First Time: the importance of "working the portfolio" once](https://reader035.fdocuments.us/reader035/viewer/2022062522/58a95f451a28abfd648b4575/html5/thumbnails/11.jpg)
MORE NEEDED
Good data and a robust data management
workflow is important. But that’s just a start.
![Page 12: Right First Time: the importance of "working the portfolio" once](https://reader035.fdocuments.us/reader035/viewer/2022062522/58a95f451a28abfd648b4575/html5/thumbnails/12.jpg)
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
![Page 13: Right First Time: the importance of "working the portfolio" once](https://reader035.fdocuments.us/reader035/viewer/2022062522/58a95f451a28abfd648b4575/html5/thumbnails/13.jpg)
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.
![Page 14: Right First Time: the importance of "working the portfolio" once](https://reader035.fdocuments.us/reader035/viewer/2022062522/58a95f451a28abfd648b4575/html5/thumbnails/14.jpg)
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:
![Page 15: Right First Time: the importance of "working the portfolio" once](https://reader035.fdocuments.us/reader035/viewer/2022062522/58a95f451a28abfd648b4575/html5/thumbnails/15.jpg)
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
![Page 16: Right First Time: the importance of "working the portfolio" once](https://reader035.fdocuments.us/reader035/viewer/2022062522/58a95f451a28abfd648b4575/html5/thumbnails/16.jpg)
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
![Page 17: Right First Time: the importance of "working the portfolio" once](https://reader035.fdocuments.us/reader035/viewer/2022062522/58a95f451a28abfd648b4575/html5/thumbnails/17.jpg)
“This is value-add business information. It’s not just data any more.”
DAMIAN HANDZY, GLOBAL HEAD OF RISK, STATPRO
![Page 18: Right First Time: the importance of "working the portfolio" once](https://reader035.fdocuments.us/reader035/viewer/2022062522/58a95f451a28abfd648b4575/html5/thumbnails/18.jpg)
• 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
![Page 19: Right First Time: the importance of "working the portfolio" once](https://reader035.fdocuments.us/reader035/viewer/2022062522/58a95f451a28abfd648b4575/html5/thumbnails/19.jpg)
LOOKING FOR IMPROVEMENT IN
YOUR MIDDLE OFFICE?
Performance and risk analytics 2016-2020 The future business case for boutique asset managers
Download Now