…front office for any impactful change is a daunting prospect; however, our experts possess decades of familiarity with front-office practices, analytics, data, and technology. This allows us to communicate and work with the front office with minimum invasiveness. We realize their priorities are the markets, portfolios, and clients. As such, we take on as much analysis and research as necessary…
…to understand how the full range of investments roll up. CIOs and many others need to examine exposure, risk and performance from a holistic viewpoint, rather than from individual asset class silos. This paper explores the challenges of blending EDM and ADM to drive this complete viewpoint. by Mick Cartwright, CIPM, Managing Director and Christine (Tina) M. Madel, CFA, Principal…
…their own rules for valuation, benchmarking, or other GIPS-prescribed practices. Compliance with the GIPS standards bolsters the credibility and influence of the performance function within the organization. It ensures that performance metrics are rigorously maintained and validated. This adherence reinforces the integrity of performance reporting and enhances the position of performance analysts in strategic discussions. GIPS Compliance Supports Decision-Making and…
…organization already does things, or focusing on in-house technology and then re-envisioning how it could work better with creative engineering. For example, when a firm lacks the ability to monitor how tasks and processes move through the organization – a common problem – an economical ‘spending smart’ solution is to consider a workflow tool. There are options available via open…
…Ensures active involvement and buy-in from key stakeholders, including leadership, professionals, and IT. Promote collaboration and open, transparent communications. KPIs (Key Performance Indicators) – Defines specific KPIs that align with the business objectives (metrics related to risk reduction, revenue growth, customer satisfaction, operational efficiency). SECRETS TO SUCCESSFUL DATA TRANSFORMATION STRATEGIES The following illustrates the components of a data transformation strategy:…
…unlikely to provide quick outcomes as a thorough examination might be required. When breaches occur, commence negotiations with the vendors to establish resolution steps resulting in reduced fines and minimal reputational loss. Contracts could also be renegotiated to allow for the data usage. b) Renegotiate complexity: Invest in a contract renegotiation exercise. Peruse the entire list of contracts signed by…
…continuously. Use performance metrics and KPIs to monitor and optimize system functionalities, facilitating agile responses to evolving business needs. Foster Collaborative Relationships: Promote open communication and collaboration between all business lines and avoid communication silos. Encourage the exchange of strategic recommendations and value-added services to support the client in adapting to market dynamics and enhancing overall operational effectiveness. If you…
…in common use across organizations. There are many examples of substantive mistakes due to spreadsheet errors. Who can forget Fannie Mae’s $1.13 billion mea culpa during 2003? In a news release they noted that a review of third-quarter figures revealed a $1.13 billion error in shareholder equity, “…as there were honest mistakes made in a spreadsheet used in the implementation…
BACKGROUND Meradia was retained by a leading global asset servicing company to solve scalability problems arising from the rapid growth of their data warehouse. Expansion of the firm’s data warehouse to meet the influx of new clients and service offerings was complex with the extension of historical data and addition of new functionality. Complicating the expansion was a substantial number…
…performance, and client reporting, creating seamless data flows and workflows between systems becomes increasingly complex and requires additional client resources. Failing to incorporate upstream and downstream data and workflow considerations into the program-level plans could leave the client in a position where the new platform is configured but unable to go live. Common Resource Gap #4: Testing the New System…
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