Though the market has started to show signs of life, portfolio managers continue to be pressured to find new ways to contribute to the bottom line. Some organizations have resorted to cutting back on services or staff as a highly visible method of reducing operating expenses while demonstrating a willingness to share the financial pain.
At the same time, investment houses are feeling the strain of trying to keep pace with larger and more complex electronic trading systems while relying on aging technology platforms. As the time-sensitivity of asset management decision-making continues to grow in importance, straight-through processing and T+1 reconciliation are moving to the forefront of many organizations' technology upgrade agendas.
These combined forces have created the perfect conditions for implementing a rightsized portfolio management system now. While upgrading to an integrated technology platform may seem like an ominous undertaking for asset managers who are trying to reduce expenditures, when properly implemented the productivity and cost savings can quickly repay the investment.
Rightsizing to a single platform enables your company to streamline asset management processes and enhance productivity while delivering immediate return on investment. Selecting a black box system that can be quickly deployed within your existing infrastructure minimizes the technology investment and allows you to reduce training, software, support, and hardware costs.