âWith CAARS we realized a significant uptick in operating efficiency, process timing and risk controlâ said the COO of the hedge fund. Prior to implementing CAARS, the companyâs collateral management process was highly manual and people dependent, including the processing of margin calls and returns of excess. âCAARS is a turn-key solution that is affordable, quick to implement, and delivers immediate time and headcount savings. Most importantly it provided us with the capability to independently compute and compare margin requirements against the brokerâs recordsâ stated their Director of Operations.
Over the past few years, there has been a heightened interest in collateral management due to internal risk management sensitivities and impending external regulatory pressures. It has been widely recognized that collateral and margin management is fraught with issues and challenges. âWith over 25 years of experience managing operations functions and a passion for process effectiveness, I felt our company had to deliver a comprehensive solution that would also provide an immediate ROIâ comments IntegriDATAâs CEO, Mitchel J. Schulman. âWe designed CAARS to breakthrough all the obstacles associated with the process â from non-standard and ever changing broker file formats, to lack of common financial instrument IDs. We are very pleased to offer CAARS to the investment management community and we commit to provide outstanding 24/7 support to our clientsâ further states Mr. Schulman.