Scalable Solutions - Overcoming Outdated Data
Investment firms face many challenges, particularly with respect to using outdated processes to manage data. Some firms, while aware of the potential risk that comes from manual processes, opt to not adapt, concerned with the difficulty in displacing legacy systems and processes. Other firms acknowledge the problem and take action to resolve it. One such investment advisory firm engaged Meradia to help it design a solution to replace an outdated, Excel-based process that the firm's pricing team used. Meradia recognized the issue at hand, and went above and beyond the objective by designing a solution to help the firm overcome all data inefficiencies, not just those affecting the pricing team.