Low-Code/No-Code Cloud Tools: Powering Managed Services & Revolutionizing Investment Ops

When it comes to the middle- and back-office, investment management firms often rely on a complex mix of cumbersome Excel spreadsheets, legacy software, and outsourced vendors.

However, this approach leads to operational inefficiencies, data errors, and a lack of agility.

Enter low-code/no-code cloud-native tools, which are increasing in use and are expected to account for over 65% of development this year, according to Gartner.

When pairing low-code/no-code with managed services, it is a combination that offers a superior and cost-effective way to streamline and optimize your investment operations.

The Pitfalls of Traditional Approaches in Investment Ops

Below are some of the limitations of conventional middle- and back-office operational models:

  • Excel Overload: Macros and complex spreadsheets are prone to errors, lack scalability, and create version control nightmares.
  • Legacy Systems: Outdated software stifles innovation, is expensive to maintain, and creates data silos.
  • Outsourcing Drawbacks: While offering some relief, traditional outsourcing can lead to miscommunication, lack of control, and inflexible contracts.

Managed Services + Low-Code/No-Code = The Winning Combo

This approach offers a game-changing solution:

1. Low-Code/No-Code for Agility

These tools empower operations teams to customize workflows and reports without extensive coding knowledge.

2. Cloud-Native Power

Cloud-based solutions offer scalability, security, and on-demand access from anywhere.

3. Managed Services Expertise

The right provider expertly configures the tool to your unique needs, provides ongoing support, and ensures seamless updates, taking the technical burden off of your team.

4. Cost-Efficiency

Eliminates costly infrastructure investments and offers a predictable subscription model.

5. Process Automation

Automate repetitive tasks like reconciliations, data entry, and trade settlement, minimizing errors and freeing up staff for higher-value work.

6. Real-Time Insights

Centralized data and customizable dashboards provide real-time visibility into your operations for informed decision-making.

Why Managed Cloud Solutions Outperform Traditional Outsourcing

While outsourcing some functions can be beneficial, the managed service with low-code/no-code cloud tools model holds considerable advantages:

1. Maintain Control

You retain control over processes and data while gaining technical expertise, not just manpower.

2. Transparency and Collaboration

The provider becomes an extension of your team, offering clear communication channels and ongoing collaboration

3. Continuous Improvement

Tools are constantly updated and optimized by the provider, ensuring your operations stay ahead of the curve.

4. Predictable Costs

Subscription-based models offer predictable costs compared to fluctuating outsourced service fees.

5. Focus on Strategy

Liberate your in-house team from mundane tasks and shift focus toward strategic growth initiatives.

Transforming Your Operations: What to Look For

When seeking the right managed service provider and pairing it with low-code/no-code cloud tools, make sure to prioritize the following:

1. Investment industry Expertise

Look for a provider deeply familiar with the nuances of investment operations.

2. Platform Configurability

Choose a tool that can be seamlessly tailored to your specific workflows and data models.

3. Track Record of Success

Ask about case studies and successful implementations for comparable firms.

4. Security & Compliance

Verify robust security protocols and the ability to meet regulatory requirements.

Embrace the Low-Code/No-Code Future of Investment Operations

Outdated Excel spreadsheets, legacy software, and traditional outsourcing models are indeed hindering efficiency and innovation in investment operations.

Managed services powered by low-code/no-code cloud tools usher in a new era of agility, cost-efficiency, and real-time insights.

Are you ready to transform your middle and back-office operations with cloud-native solutions? Empaxis is here to help.

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