Understanding the critical role the databases play in raising AUM, many managers are turning to third-party experts in database reporting, as relying solely on internal resources is no longer sufficient.
Why Outsource Consultant Database Management?
For many asset managers, the most comprehensive, efficient, and cost-effective way to handle database reporting is by outsourcing to a third-party provider. Hiring a provider that has extensive industry experience takes the burden off managers, and results in operational efficiencies while boosting visibility to search opportunities due to an increase in the depth of reporting across all industry databases. Additionally, asset managers can experience increased economies of scale, operational efficiencies, and access to expert knowledge in critical areas.
Here are the key challenges that drive asset managers to seek external help:
Stringent Deadlines: Consultant databases are updated both monthly and quarterly, with tight deadlines that put significant pressure on internal teams.
Data Formatting: Gathering data from multiple sources to meet various formats across database structures requires expertise and deep knowledge.
Data Cleansing: Reconciling data to make sure it makes sense before reporting is critical to ensuring accuracy.
Data Volume and Velocity: Asset managers handle increasing amounts of data, driven by the demand for transparency. Understanding what is required and requested across traditional and alternative asset classes can become overwhelming for managers.
Firms are constantly tasked with collecting, validating, and finalizing data for consultant database reporting. The tedious nature of these tasks can consume valuable time and resources, prompting many firms to seek better ways to streamline their internal and external reporting.
In Northern Trust's 2024 Driving Growth in Asset Management, 300 CEOs, CIOs, Directors of Operations, and senior executives from across APAC, EMEA, and North America regions, from asset management firms with assets under management (AUM) of $500bn and below identified the outsourcing of data management as a priority. - Source: Northern Trust
How IMSS Supports Asset Managers with Database Management
Outsourcing to IMSS enables investment firms to boost efficiency, cut costs, enhance data accuracy, and focus on core business activities. Additionally, we help managers improve the quality of data reporting and streamline their reporting processes, so they operate more efficiently.
IMSS’s innovative and flexible consultant database solution, Data-Centrix, automates the data collection process, eliminates inefficiencies, and ensures quality assurance.
Why Choose IMSS?
Unmatched Expertise: With deep experience in consultant database reporting, IMSS ensures that every aspect of your reporting is on point. Our hands-on approach allows us to expertly manage the complexities of database administration, freeing your team to focus on strategic growth initiatives.
Customer-Centric Focus: We take pride in our customer-centric focus, providing accessible support and tailored solutions. This allows firms to remain agile and focused on their core objectives without disruption.
Cost-Effective: Outsourcing to IMSS eliminates the high costs associated with hiring, training, and maintaining an internal database management team. Our clients benefit from reduced overhead and infrastructure costs while gaining access to our specialized expertise.
Automation at Scale: The Data-Centrix platform is designed to scale to the demands of the industry. We follow the market and adapt our technology to all segments and vehicle types, consistently evolving with the industry.
Commitment to Precision: Accuracy is central to everything we do at IMSS. We manage data with meticulous attention to detail, consistently achieving a 90%+ completion rate across all databases. Our multi-layer review process ensures every data point is vetted, maintaining the highest standards of data integrity. This commitment minimizes errors and provides clients with reliable, actionable data they can trust.
Partner with IMSS for Database Reporting Excellence
Investment data drives relationships, and if you're looking for a trusted partner to manage your consultant database reporting, contact us today to request a demo. We’ll show you how IMSS can simplify this critical operational task, helping you grow your business with confidence.
Komentar