If your firm is weighed down by legacy systems, processes, and behaviors, your operating model won’t have the strength to match evolving client demands or capitalize on innovative investment strategies. 1051 Perimeter Drive Suite 1110 Schaumburg, IL 60173 (847) 585-9800 Due to perceived security and regulatory risks and lack of a compelling economic rationale, many banking and other financial institutions historically have not embraced public cloud services provided by firms such as Amazon Web Services and Microsoft Azure. How can we better use the data that is at the core of the new middle office? If requester uses a non-capital object code for an asset, the automatic asset shell creation is not triggered The Accounts Payable staff who creates the asset shell does not have all relevant information for the asset (e.g., serial number) and must follow up with the appropriate school or office … Given these aggravations, it comes as no surprise that business users often resort to maintaining their own separate data stores. Asset managers will be able to take the standard service provider report set and customise this to satisfy their unique requirements without extensive development efforts. Asset managers’ use of alternative investments and other new and evolving instrument types have increased exponentially over the past decade. IBOR is a snapshot of a firm’s positions and cash, updated continuously based on market events and investments. While most organisations focus on initiatives dealing with structured data, they must not lose sight of the opportunity to derive significant business value from properly harnessing the power of unstructured data. Our continued investments in people, processes and technology are enabling us to reshape our clients’ futures, allowing you to move with confidence, raise expectations and outpace change. Tel: 353 1 638 2400, SEI Investment Manager Services, With a centralised data management platform, data maintenance and storage is not the responsibility of individual vendors. A centralised data management platform, however, generates reports from a central data store or a “single version of the truth.” Thus, over time, the asset manager can achieve consistent, reliable, trusted reporting across the organisation. In the previous section, we highlighted the inefficiencies associated with multiple reporting tools running against siloed applications in the traditional application-based operational model. If the business users do not trust the quality of the data and, in turn, the systems presenting that data, they will not use those systems or the outputs of those systems; instead, they will create their own work-arounds and subsystems. The back office monitors the post-market processing of transactions: confirmation, payment, settlement and accounting. With technology to power a transparent flow of data throughout the post-trade lifecycle, you’ll mitigate your settlement risk and benefit from better oversight, improved communications, and quicker processing. For many asset management firms, the cost of operational staff and overhead made up a significant portion of their operating budgets. The service provider enterprise data management solution. The middle office is increasingly tasked with providing asset valuation services to support front office risk and portfolio management. The new middle-office model, however, can insulate the manager from vendor risk. Sophisticated managers now understand that operations lie at the heart of a firm’s value chain, knitting together the back, middle and front offices, and providing the critical infrastructure for everything an investment organisation does.1, Traditionally, an investment management firm’s middle office has been cast in the shadow of the front and back offices. With mounting regulatory pressures and increased scrutiny on mitigating exposure risk, now is the time to assess your collateral management vision. The middle office also needs to make sure all users and potential users of the data understand the current state and the future road map of the data. While the front and back offices of asset management firms receive the lion’s share of attention and investments, the middle office is often left to fall into rack and ruin. While the base suite of reports and visualisations can be seen as “standard,” the latest tools are highly configurable. Whether you need support for equity, fixed income, or multi-asset attribution, we’ll empower your organization with the tools they need to make informed investment decisions. Minimize operational risk through the design of a seamless post-trade processing solution. Knowing the solutions, data providers, and stakeholders at play and understanding your infrastructure needs is the first step in building a strong reference data management program. The new middle office governs the data used by the organisation and restores business user trust in that data. NY 10017 USA The range of data available, and the frequency of update and maintenance, is configurable. 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