Think regional, buy global

Recently, I have witnessed a trend towards the globalisation of client reporting system procurement, where asset managers select one vendor then utilise that platform in different regions around the world. The purchase of such an enterprise software solution stems from organisations taking a look at their regional needs and seeking to centralise much of their …

by | November 3, 2015 | FactSet

Recently, I have witnessed a trend towards the globalisation of client reporting system procurement, where asset managers select one vendor then utilise that platform in different regions around the world. The purchase of such an enterprise software solution stems from organisations taking a look at their regional needs and seeking to centralise much of their reporting.

Even in situations where we start a conversation with an asset manager on a strictly regional basis, almost overnight it can become a global deal. We experience scenarios where, for example, the procurement process starts in the US, but the client quickly involves the French and the UK teams to see if the system can meet their needs also.

There are, of course, some small boutique firms that operate under their own brand but are part of a much bigger enterprise; such firms often maintain their own client reporting system. Increasingly, however, there is a shift in the market away from having multiple platforms within the same firm.

The message seems to be ‘think regional, buy global’. In other words, an asset manager may have regional requirements that are very specific to its market (be it the clients’ language, particular workflows or data handling idiosyncrasies), but there are solutions in the market that will solve those regional requirements whilst making a single global selection possible.

There will always be situations where, due to investment strategy, jurisdiction or asset class, a more bespoke platform will be needed by certain entities. By overcoming the silos that commonly exist in large investment management firms, however, it is often possible to utilise software that can adapt to the complex requirements of the business without compromise.

By Ben McCormack, Senior Vice President, Client Services, Vermilion Software Inc.

Categories:

Resources

Start Building Privacy-Preserving Applications with Conclave

Best Practice | Asset management Start Building Privacy-Preserving Applications with Conclave

R3

Start Building Privacy-Preserving Applications with Conclave

Conclave is a confidential computing SDK that makes it possible to build privacy-preserving solutions that securely share, pool and process… Continue Reading

View resource
The Vendor-Client Partnership: Sharing the Responsibility for Software Implement

Best Practice | Asset management The Vendor-Client Partnership: Sharing the Responsibility for Software Implement

FundCount

The Vendor-Client Partnership: Sharing the Responsibility for Software Implement

If you’re like most firms looking to implement a new back-office accounting platform, you shortlist vendors, get demos, select the… Continue Reading

View resource
Benefits - Smart solutions for a complex world

Other | Asset management Benefits - Smart solutions for a complex world

PATRONAS Financial Systems

Benefits - Smart solutions for a complex world

Our products combine the advantages of standard software with the convenience of individual solutions tailored to your requirements. Let’s find… Continue Reading

View resource
A quick start means QuickStart

Brochure / Fact Sheet | Asset management A quick start means QuickStart

PATRONAS Financial Systems

A quick start means QuickStart

Your time and cost efficient access to PATRONAS OPUS. PATRONAS QuickStart provides you with a fully managed and hosted software… Continue Reading

View resource