Companies in the investment space make use of many applications to provide them with tools to manage their fund accounting, analytics, compliance and client reporting. These systems can range from intricate Excel applications, bespoke in-house developed systems, web applications or proprietary systems developed and supplied by third party vendors. These applications also require information from external sources, such as market price feeds. Irrespective of the kinds of applications that are used, the challenges faced by companies operating within the investment industry that seem to be common are as follows:
- Access to information from within the applications
- Access to information from multiple applications
- Communication of data from one application to another
- Lack of resources or skills to retrieve data within these applications
- Inefficient and “messy” data flows between applications
- Manual collation of information for client and or MIS reporting
- Managing multiple sources of the same information
- Dependencies between systems, specifically with regards to migration to new systems
- Impacts of information that changes – either at source or destination
Infovest has assisted various types of companies within the investment industry to overcome these challenges via our Investment Data Management (IDM) product offering and consulting expertise:
