…and criteria for completion. Yet we see time and time again firms overlook this element. Thorough PoC scope planning assures critical needs are tested, and the PoC is completed in a timely fashion, with you and the vendor comprehending the operational requirements and system’s capabilities. This scope planning should include defining what success means. Is it an exact match to…
…your colleagues? Whether you rely on a large single vendor, multi-purpose platform or multiple integrated systems, I’d be willing to speculate it’s a common occurrence. Beyond tracking down today’s Easter egg, how can we avoid the problem in the future or remedy our existing platforms? IDENTIFY THE ROOT OF THE ISSUE System implementations are complicated. In particular, those introduced years…
…see time and time again firms overlook this element. Here are four key steps to establish a thoughtful POC scope that will allow your implementation to go off without a hitch. Comprehensive planning of the POC scope will ensure critical requirements are tested, the POC is completed in a timely fashion and both you and your vendor have a clear…
…ground with team members on light-hearted topics such as family, sports or hobbies; and then allow time for comfortable cultivation. Good relationships allow consultants to provide great service. Understanding communication parameters – The front office receives far too many emails for this to be an effective form of communication from a BA or PM consultant. Often, front office team members…
…and operational processes. ANALYSIS The assessment phase of the project provided a foundation to ensure the client’s end-state client reporting platform is consistent with industry best-practice and would support the investment management firm’s evolving business. During this phase we considered short and long-term business goals and requirements to create a more efficient process for selecting and implementing the report creation…
…use some extra attention. Prioritize what’s most important to you, as this will serve as your benchmark when evaluating solutions moving forward. For example, you might find it most valuable to focus on improving communication and unifying teams throughout the company or ensuring data is collected and represented in a succinct manner. You likely don’t have to overhaul every aspect…
…and illiquid investments. Frequently, a proprietary investment process—tailored to the objectives and constraints of the fund mandate—is designed and employed to determine allocations to classes. The allocation processes can be complex, detailed, and highly specific, comprising multiple interim steps and decisions. Attributing the value-added to such a process is, therefore, a challenge that carries a high degree of difficulty. The…
…is especially true of publicly-traded insurance companies that must comply with statutory accounting regulations (STAT) from the National Association of Insurance Commissioners (NAIC) and accounting rules from the Financial Accounting Standards Board (FASB) for generally accepted accounting principles (GAAP). These two bodies have been active in changing and refining reporting requirements. Insurance companies have a lot at stake because many…
…to MAC that raise the bar relative to traditional investment processes: It’s decidedly more complex. To realize the benefits that initially make MAC attractive on both sides of the return/risk equation, it’s essential to draw from a more sophisticated playbook. For example, as highlighted in our last installment, static SWAG allocation weights leave money on the table and introduce unnecessary…
Has your outsource solution lived up to its expectations? Have real-world problems with integration and the production environment simply shifted bottlenecks or errors to new areas? Key operational components and workflows are the lifeblood of any large organization. But when decisions to outsource were made years or even decades ago, the criteria becomes dated and inapplicable. Don’t overlook these three…
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