Asset management: Data accuracy is key

By Dianna Farkas, SS&C GWP, I&IM

Without accurate asset information, asset management decision making and client reporting are unreliable and expose you and your company to unnecessary risk. What’s the best way to ensure your asset information is always accurate and up-to-date? Let’s find out.

As the asset management industry develops and evolves, it faces increased competition and profitability challenges. In this ever-changing environment, investment management middle- and back-offices must find and implement a platform that fully supports every asset class (e.g. simple, complex, domestic, and international). This solution must also be affordable, intuitive, and uncomplicated.

The average financial institution spends between 1.5 and 2 percent of its operating expense budget on the reconciliation of transactions, positions, and balances. Currently, many of these transactions are done manually, making them prone to human error and inaccuracies. Adopting new technologies is the best way to make this process more efficient and reliable.

In addition, an investment manager’s client data must be accurate so all parties understand the positions held and performance measurement. It is not an overstatement to say that reconciliation is the basis for a manager’s data integrity. With increased regulatory scrutiny and clients who expect performance accuracy, a firm’s success relies on timely, precise, and accessible data.

Since mass amounts of data are processed, their operational efficiency, cost control, and transparency all impact a firm’s bottom line. When a highly automated reconciliation process is headed by an intuitive front end, the result is an intelligent work flow that elevates the timeliness and accessibility of the data across the entire firm. The Global Wealth Platform from SS&C gives clients state-of-the-art technology and a customizable portal. Our solution automates the process, provides daily results, reduces stress on human resources, and expands efficiencies.

If timely access to accurate data for decision-making purposes and client satisfaction are keys to your firm’s success, you must embrace advanced solutions. With the industry-leading technology from SS&C, you know you are in good hands. Partner with us and we will provide the technology so you can concentrate on doing what you do best: keeping your clients happy.

To learn more about the Global Wealth Platform from SS&C, contact Dianna Farkas at 212-659-4497 for a demonstration of GWP and our middle- and back-office outsourcing services.

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