As Accenture’s global capital markets lead Michael Spellany was quoted as saying in the UK’s Financial Times this month, “Unfortunately for capital markets participants, the days of old are truly gone.’’
Markets are volatile, competition is intense, legislation in many jurisdictions continues to develop and customer expectations are increasing. Traditional business models are increasingly being challenged by low-cost investment products powered by technology.
A critical aspect of investment management is making sure that decisions that are being made about funds are based on clear and accurate data. It’s a high pressure environment with much at stake, from individuals to corporate portfolios, and that means having the right enterprise data management (EDM) platform in place to manage that data and facilitate decision-making.
At AlphaCert, this is at the heart of what we do: putting investment managers in control with a single source of trusted data. But what does EDM best practice really look like?
We’ve developed a guide to help you. Investing in the future is an eBook which outlines what best practice looks like for EDM for investment managers, based on AlphaCert’s experience working with Australia and New Zealand’s leading investment management organisations.
Essentially the goal is to implement a single source of truth – purpose-built and customisable, with extensive verification and data dissemination capabilities. The eBook breaks it down into 6 key areas:
- Data collection – the EDM needs to be able to load, integrate and store data, based on robust Extract, Transform, Load (ETL) processes.
- Data management – effective processes for reviewing and verifying data.
- A standard data model –the ability to be extended to tailor to client-specific needs.
- Data maintenance –effectively manage hierarchical master and enterprise data.
- Data reporting – as well as providing pre-defined, standard reports, the platform should also be able to provide user defined self-service reports via custom reports.
- IT architecture – an open architecture, such as a Platform-as-a-Service (PaaS), can integrate with leading portfolio management systems.
These 6 key areas are the foundation for EDM best practice, and how you’ll find the right EDM to help you unlock and manage your data. The ideal solution will help you to deliver information and knowledge to the users who need it, in a way that sits seamlessly within your existing business operations.
Investing in the future is an ideal resource for operational managers in the investment fund sector. The ability of your business to access, interrogate and use data can mean the difference between staying ahead of the competition or falling behind.