In the investment management world, financial services teams, CFOs and operations teams often use spreadsheets for client fee calculation and billing. While the endless formulas, worksheet linking, and cross-tab capabilities may make spreadsheets a good choice at first, firms will quickly realize the complexity and risk they end up creating. Here are six substantial risks investment managers take when they use spreadsheets for client fee calculation, billing and cash flow management.
About Electra Information Systems
Electra’s mission is to help investment managers, hedge funds, fund administrators and outsourced service providers mitigate the risk, cost and inefficiency across post-trade processing and improve their business operations for greater growth and profitability. We achieve this by delivering powerful post-trade solutions and complete, timely and accurate data that support and improve reconciliation and various middle- and back-office processes across the firm’s operational ecosystem.