Challenges
- Client needed accurate shadow book of records for client servicing, reporting and analytics
- Back-office operations were fragmented, labor intensive and error prone
- Timely reconciliation of portfolios and correspondingly reportng was imperative
- Security types were diverse; required comprehensive Bloomberg security master, market data integration with the Portfolio Accounting system
Benefits
- Provided daily portfolio valuations and completed monthly reconciliation of 300+ portfolios within 5 business days of month end
- Resulted in significant AUM growth and client servicing improvements with timely client and performance reporting
- Saved over $35K a month in Back-office processing costs
- Enhanced portfolio accounting procedures, increased operational efficiencies and minimized errors
- Systems in use for over 12 years