Citisoft recently published Outlook 2020, the latest addition of their annual outlook paper, but instead of looking to the immediate horizon as they have previously, this year they are looking ahead to the next 10 years for the asset management landscape. This change in tack has come from the recent innovative developments from many solutions and service providers, such as Opus Nebula.
It was reassuring to read that the conclusions Citisoft make in this paper perfectly compliment our Reporting as a Service solution and the points we have made over the last few years.
A New Frontier in Asset Management
In Q4 2019, Citisoft surveyed their consultants to see what were the biggest factors driving their projects last year. It won’t be a surprise to many of you reading this, but the two main highlighted drivers were the need to upgrade from older legacy systems and to simplify operating models. These were followed by the standard cost savings and risk management factors of most projects.
As you can see from the table below, with 82% of those surveyed wanting to migrate from legacy platforms and 77% needing to simplify their operating models, it is apparent that many firms wish to remove complexities from their systems and no longer rely on risky manual processes.
As we noticed these trends coming to the forefront of the financial services industry, we created Reporting as a Service, a world-class client and fund reporting system which addresses these top four underlying drivers and by utilising the “as a service” model it can now be easily implemented and used by investment firms of any size.
Reporting as a Service
With our Reporting as a Service solution we can simplify your operating model, and improve your client and fund reporting.
We provide a fully automated cloud-based solution which is highly flexible, scalable and future-proof. Our reporting service is simple to understand and use; Your data, your team, our system, your reports.
This allows users to manage and control the entire process and provide reporting of the highest quality to their clients, while we focus on managing, updating and enhancing the system. The solution is safely secured in the Microsoft Azure cloud so there is nothing to install in your technical environment and the report templates are configured by us to dynamically flex to produce highly personalised reports for each of your clients, at scale.
To future-proof your reporting, the service is updated every 3 months and any enhancements required for your reports are made by us and delivered to you within 48 hours. And with our simple pricing model you only pay for the reports you produce.
By utilising cloud technology, you can say goodbye to costly and manual intensive legacy systems and introduce much need needed simplicity to your operating model.
To find out more about Reporting as a Service and how it benefits wealth and asset management firms please visit our website at www.opus-nebula.com and email [email protected] to arrange a meeting and see a live demonstration of the system.