As an asset manager, it is important to maintain an overview of your customers’ investments, however, the challenges of managing and controlling investments, exposures and risks have never been greater.
In particular, administration and compliance tasks are often draining assignments that take precious resources away from business development activities. For example, accounting and reporting can take an exorbitant amount of time without a proper setup. It’s not uncommon for the process of generating annual financial figures to take several weeks, especially if you work with shadow IT or other types of systems that are not integrated or automatically updated.
The challenges increase exponentially as the customer base increases, and the quarterly customer reports can add up to an immense amount of employee hours a year. Often, more than 50 full employee workdays can be saved annually with the optimization of customer reporting alone.
Fortunately, scalability becomes much easier with an effective investment management solution like PORTMAN. An example being that reporting can often be reduced to 1-2 days per distribution. This means that you’ll have the ability to take in more customers without it demanding more of your time; that precious payroll can be spent on generating revenue and growth rather than working on unnecessarily heavy reporting tasks.