Given the constant shifts in today's financial markets, investment managers face continual challenges as they partner with their clients to grow their businesses. With increasing demand for efficiency, scalability, and compliance, firms require technology and operational strategies that empower them to stay competitive.
To be successful and unify the disparate elements of investment operations, firms want to combine their core applications across the investment lifecycle, including portfolio management, trading, analytics, accounting, and reporting, to create a connected investment experience. As discussed in the Connected Investing: Discover the Genesis Platform webinar, SS&C is applying the advantages of a modern platform to support our clients in achieving greater speed, efficiency, and accuracy in the face of mounting complexity and volume.
5 reasons for disconnection in investment management
- Technology Infrastructure: Many investment managers rely on spreadsheets, disparate systems, and disjointed technology that lack integration capabilities. The cost of moving to new systems and the disruption caused by IT projects often deter firms from upgrading. However, maintaining outdated technology introduces inefficiencies and increases operational risk.
- Data Inconsistency: Ensuring consistent data across multiple platforms is one of the biggest hurdles investment managers face. Disjointed data sources lead to inconsistencies, errors, and poor decision-making. A lack of data integration across front, middle, and back-office systems exacerbates these issues, making it challenging to maintain a single source of truth.
- Siloed Operations: Investment firms frequently struggle with operational silos across different functional domains. This fragmentation hinders collaboration, creates operational bottlenecks, reduces transparency across teams, and leads to redundant work as different teams rely on separate processes and technology stacks.
- Scalability Challenges: As firms look to scale, they are leveraging technology to increase efficiency without sacrificing the depth of capabilities. Traditional systems often struggle to accommodate growth, forcing firms to implement costly and unsustainable workarounds. Scaling also means aligning the right tools for specific users that are able to be additive when considering other teams in a process.
- Security and Compliance Risks: Investment managers must navigate an increasingly complex regulatory landscape. Ensuring compliance with multiple regulatory frameworks while maintaining security and data integrity presents an ongoing challenge.
Transformational Solution through Unification
To overcome these challenges, firms can harness the power of modern, technology-driven solutions. A blueprint for efficient, scalable, and compliant operations starts with a unified data platform that standardizes data across the service stack and coordinates its flow across the ecosystem. A common data store and services connect the office through a single source of truth, which leads to a unified platform experience and common workflows and provides the foundation for capability expansion and greater scalability.
The Connected Future of Investment Management
Creating a seamless, connected front-to-back experience that takes advantage of the cloud’s scalability, interoperability, and flexibility is paramount.
SS&C Genesis is a connected platform that enables investment managers to keep pace with the changes and churns of the financial industry while setting the firm up to reap the benefits of operational transformation. The Genesis platform offers a pathway for firms transitioning from legacy systems to fully integrated cloud solutions.
The transition to a modern investment platform like Genesis enables firms to maintain deep capabilities without sacrificing flexibility. As technology evolves, firms that proactively embrace innovation and a connected future will be well-positioned to thrive in an increasingly complex and competitive investment landscape.
Watch this recorded webinar, Connected Investing: Discover the Genesis Platform, on-demand to learn more about Genesis or request a demo today.
