In Asset Management – Operational Efficiency Matters Inefficiency Takes its Toll

In the financial world where the delivery of superior customer service is vital to the competitive standing of asset managers, efficiency matters. More customers, increased transactions, ramped up compliance requirements, an abundance of innovative investment vehicles, and the need for real-time research and reporting: These multiple requirements are part of an investment management firms daily operations. Failing to manage them can be deadly,"

(PRWEB) April 17, 2005 -- In the financial world where the delivery of superior customer service is vital to the competitive standing of asset managers, efficiency matters. More customers, increased transactions, ramped up compliance requirements, an abundance of innovative investment vehicles, and the need for real-time research and reporting: These multiple requirements are part of an investment management firms daily operations. Failing to manage them can be deadly," says Sanjay Bery, a solution partner at BusinessEdge Solutions Inc., an industry-focused business and technology consulting firm offering operational strategy, business process and system integration solutions to clients in the financial services and insurance industries.

Mr. Bery along with Ian Malone and John Belive, solution partners, and Leslie Arturi, conferences and speaking programs coordinator, will represent BusinessEdge Solutions at the Eagle Investment Systems 2005 Users Conference, BusinessEdge exhibit (Booth 7), Sunday, April 17 – Wednesday, April 20, 2005, at the Ritz-Carlton Beach Resort and Spa in Naples, Florida.

BusinessEdge has extensive experience delivering large-scale mission critical custom and partner-based solutions to the leading players in the investment management, wealth management, capital markets, insurance and banking sectors. Eagle Investment Systems, a leading global provider of financial technology solutions, serves many of the world's financial institutions with Web-based solutions that integrate and streamline the investment process in support of achieving improved business efficiencies at a lower cost of ownership.

The management of multiple internal systems, the collection of business analysis that must be dispatched to so many touch points and the deployment surrounding quality assurance that is run across many internal systems can spread enterprise data out across islands of technology," Mr. Bery says. This can create a duplication of effort and data discrepancies – and ultimately result in a fragmented enterprise view of information." Mr. Bery says that considering that in some firms millions of records may be run every night, this fragmentation may be extremely costly in terms of time, money and diminished customer satisfaction and underscores the urgency for data consolidation within the financial services industry.

A combination of an enterprise wide data architecture that provides structure and control with the flexibility to blend its components with a clients in-house system implementation and methodology and overall strategy, performance and system planning can help companies to realize a tighter alignment of their internal systems – and accelerate many aspects of the testing and process lifecycle.

Making companies more data centric by storing all their data in one central hub instead of housing 25 siloed repositories can make all the difference in how an investment house provides service to its end customer," Mr. Bery says.

About BusinessEdge Solutions Inc.
BusinessEdge Solutions Inc. is an industry-focused business and technology consulting firm offering operational strategy, business process and system integrations solutions to clients in the financial services, insurance, communications and life sciences industries. The company drives competitive advantage for its clients by leveraging innovative Reusable Solution Accelerators (RSAs) to reduce the time, cost and risk of client engagements. BusinessEdge is distinctive among consulting firms in that its multidisciplinary consultants have an average of 12 years of industry experience and expertise. This strong knowledge and experience base is at the core of the companys unwavering commitment to create vision for its clients – and is the driver behind the company's delivery of high-impact, cutting edge solutions. For more information, visit www.businessedge.com

Contact:
Patrick Mullen
732.213.3937

Barbara Mannino
732.839.3175

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