5 Asset Management Automation Use Cases

Automation in asset management goes a long way in driving greater efficiency  and delivering real, fundamental change that firms need.

When it comes to operational efficiency, asset managers worldwide have plenty of room to improve.

According to one industry survey, the biggest operational challenge for North American asset managers is supporting  the investment process with best-in-class tools and data.

62% of UK asset managers’ operations still rely heavily on manual processes and obsolete equipment such as fax machines.

Similar studies studies show a lack of automation, Singapore, Australia, and South Africa.

To stay competitive and profitable in a global market, investment managers need to handle their workflows better.

Check out these asset management automation use cases.

5 Asset Management Automation Workflows

1. Trading via Straight-Through Processing

The trading lifecycle is full of manual steps. Entering in numbers and other data points, even a simple mistake has major consequences.

Asset managers can make trading easier with straight-through processing (STP).

Straight-through processing is a process thats speeds up transactions that were previously done manually. STP is especially applicable for trading, including meeting T+1 requirements. Entire processes can be done electronically without manual intervention.

2. Performance Tracking

Many investment firms still track their performance manually in Excel.

Compiling data, aggregating the numbers, and calculating the performance is another good asset management automation use case.

Again, by eliminating the manual component, the numbers and calculations will be more accurate, and investment decisions can be made with greater confidence.

Empaxis can help asset managers streamline their performance.

Check out more workflows to automate in our Automation Guide.

3. Client and Internal Communication

Clients and colleagues need to be notified when routine events happen.

For example, when a report is ready or reminders to complete specific tasks, asset managers can automate the emails and messaging for actionable items and points to review.

4. Managing Data

As is the most case for most asset management companies, they have a lot of data, and that data is scattered in many places.

Portfolio accounting systems, trading platforms, CRM systems, and custodian portals, to name a few examples…

Many firms still compile that data manually and enter it into one of the systems, or they put it in an Excel spreadsheet.

Instead, asset managers can leverage APIs (Application Programming Interfaces) and pull the data into a single location, be it a cloud-based system or a custom-built dashboard developed by Empaxis.

5. Building Reports

When numbers can be identified in standardized emails, on web portals, and/or in PDFs, asset management firms can leverage bots to grab that data and place into a spreadsheet or other online location, then rename and reformat everything as needed, followed by performing any calculations that need to get done.

Automation a Future-Proof Solution for Asset Managers

Many firms struggle with manual workflows, and asset managers are no exception. To stay with the competition, they have to incorporate automation and adopt a digital-first mindset.The good thing is there are many asset management automation use cases, and the long-term benefits are there:

  • Saved time and money
  • Better data, better client servicing, and better decision-making
  • Scaled processes

Empaxis has the tools to build these automation solutions, and asset managers have benefited greatly.

Long-term success requires solutions that last for the long term, and Empaxis stands ready to assist.

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