The best New Year’s resolutions are the ones you think deeply about, once set, you keep forever and ideally the resolutions make things better too, either for you or for others. Those resolutions from previous years that were ill-conceived, short-lived, or didn’t deliver what you thought they would… to be honest you may as well have not bothered?

 

I suggest that before you set a New Year’s resolution you take some time to consider what really needs addressing in your life, and what change is needed to improve it and what will that cost in terms of time and effort.  What would be the impact of not doing it – would it really matter?  Then consider carefully whether the change you’re considering can really be maintained going forward, ideally forever, and the benefits made to last.  If your ideas satisfy all these points – then it looks like you’ve identified a great candidate for your New Year’s resolution.

 

The process described above is startlingly similar to the project review and budgeting processes that many investment firms undertake on an annual basis.  Let me replay the first 2 paragraphs of this blog replacing New Year’s resolution with business change project…

 

The best business change projects are the ones you think deeply about, once set, you keep forever and ideally the projects make things better too, either for you or for others. The projects from previous years that were ill-conceived, short-lived, or didn’t deliver what you thought they would… to be honest you may as well have not bothered?

 

I suggest that before you set a new business change project you take some time to consider what really needs addressing in your work life, and what change is needed to improve it and what will that cost in terms of time and effort.  What would be the impact of not doing it – would it really matter?  Then consider carefully whether the change you’re considering can really be maintained going forward, ideally forever and the benefits made to last.  If your ideas satisfy all these points – then it looks like you’ve identified a great candidate for your business change project.

 

From a client and fund reporting perspective, you might consider a project that seeks out a solution that delivers the following benefits to you and your clients;

    • Flexible reporting solution allowing you to produce reports exactly as your clients require, fully automated with no manual intervention

 

    • Aligns and supports your digital strategy, allowing your client and fund reports and other content to be directly integrated into your client portal and website, without manual intervention

 

    • Cost effective – for the new reporting solution to be affordable and provide an overall cost benefit to the business

 

    • Quick to implement – for the reporting solution to be implemented in less than 2 months from start to finish

 

    • Low risk – for the solution to be a low risk implementation and reduce on-going operational risk

 

    • For the existing reporting team to be able to produce higher volumes and more sophisticated reports without an increase in headcount

 

  • Be future proof – for the system to satisfy ALL of today’s requirements and, through constant investment, to remain capable of meeting future needs

 

To save you time in your research, there is a reporting system that delivers all of these things.  Make it your businesses New Year’s resolution to find out how this system can benefit your firm and its clients. To find out more about Reporting as a Service and how it benefits Asset Management and Wealth Management firms of all shapes and sizes please explore our website at www.opus-nebula.com.

 

Andrew Sherlock

Opus Nebula