Data - Solution Selection
To support an increasingly complex world of investment management there is an ever-increasing demand on a suitably robust data management solution that aligns to the complexities and increased demands and 'ask' from the business. Buying a simple system solution no longer works. In order to react to the challenges of today's environment investment management firms need to ensure their data solutions support the data needs of the organisation.
Many organisations are finding that their existing data solutions are not up to the job and have inherent issues, which include:
- A lack of scalability
- The inability to delivery data effectively and in a timely manner to meet end users’ requirements
- An inability to handle complex instruments/products traded in today’s investment world
- An inability to support global rather than stand-alone regional business operations
- The inability to support ever-increasing complexity in business/organisational structures
- Creaking architectures and increasing direct and indirect cost of ownership
- A lack of functionality
- Inability to meet more sophisticated risk and compliance requirements
Today there is a wide range of options available to an investment management organisation. With the plethora of solution options on offer it can be difficult to piece together a suitable implementable solution. There are multiple ways for an organisation to meet its needs with options ranging from in-house developed software solutions, third-party hosted application solutions, external full data service provision and mixed models along these themes.
Choosing a suitable solution isn't straightforward, especially when trying to match existing issues and areas of pain against the possible solutions. ISC has helped a number of clients to define and move to a new, fit for purpose data solution.
Solution Selection Process
For some clients ISC has provided consultancy service from start to finish of the selection and implementation process, whilst others have used ISC to help with components of the process life cycle.
ISC is ideally placed to assist with a data solution selection and implementation project. Our deep understanding of how asset managers work is unrivalled and we have specialists from the data section of the industry. We have up-to-date information on the major software and service offerings and are skilled in the RFI and RFP selection process, with templates to ease you through the process. Having worked for asset managers we align our service to meet your needs.