Invest|Pro™ automates the validation of operational activity performed by outsourcing partners, enabling firms to supervise outsourced functions, data and to manage the associated risks. To effectively monitor the contractual requirements that your outsourced partners need to adhere to, your company needs to establish open data flow and performance metrics with the outsourcer. Regulatory and corporate governance standards now require you to closely manage and control the activities BPO providers carry out on your behalf.
In today’s ultra-competitive environment asset managers must remove every ineﬃciency in their business. The middle oﬃce is an essential yet often ineﬃcient component of an asset manager’s operating model. Using old, disjointed technology or even spreadsheets to provide middle oﬃce functionality is no longer optimum. The middle oﬃce must not only be the source of accurate and timely cash and position information but it should also be the foundation of an asset manager’s digital platform, providing additional services to clients and improving client retention and relationships.
Invest|Pro™ oﬀers a fast and eﬀective way to optimise middle oﬃce operations through our modern cloud-based architecture, and use of robotic process automation, driving operational eﬃciency and delivering improvements in quality, productivity and client servicing.
Consumer protection is driving a new layer of regulation and raising standards globally. With PRIIPs all fund manufacturers must produce a 3 page KID for the life industry, which creates a level playing field. This legislation is being extended to the funds industry from Jan 1st 2020.
One calculation Invest|Pro™ captures that has been introduced by PRIIPs is the requirement to express the underlying transaction costs, i.e. the costs of buying/selling the fund assets, as a basis point charge for the fund. Similarly with Solvency II look through to 7 plus levels of external holdings in collectives. In order to answer these and other regulatory requirements it is essential that all calculations are run off the same core data set and that the same technology system is used to store and access investment related data for both risk management and customer and regulatory reporting purposes.
Invest|Pro™ provides both the necessary database fields to store such data and also produce automated regulatory reports.