Boston, MA (PRWEB) December 05, 2013
Today, Beacon Consulting Group, a leading management and strategy consulting firm to the investment management industry, released “The Coming of Age of the Investment Book of Record (IBOR)”.
Industry trends such as multi-managed products and strategies, global diversification, product expansion, and increased regulation have caused financial organizations to change over time. In response, the infrastructure and operating models that support the front office must also evolve, which has placed a priority on a solution which provides a firm-wide, same day view of all assets under management. One viable solution to this challenge is an integrated IBOR.
“The concept of an IBOR is perhaps one of the most debated topics in the financial industry today. Defining the IBOR, but more importantly, identifying how it can generate operational alpha for asset manager and asset owners is a priority. “The Coming of Age of the IBOR” will help firms navigate through the noise and determine the strategic direction and tactical solution that is best to support the firm’s vision and objectives,” said Rob Rafferty, Managing Director at Beacon.
Developing and maintaining a highly efficient and scalable IBOR is one of the primary responsibilities of the operations and technology teams. A disciplined assessment process, including well-defined, documented work-flows, creates identifiable benchmarks for implementation, and is the firm’s best tool to develop and maintain the IBOR, ultimately resulting in operational alpha.
A copy of the report can be obtained at http://www.beaconcgi.com.
About Beacon Consulting Group
Beacon Consulting Group is a trusted advisor to global financial and investment firms seeking to achieve and sustain a competitive edge. We provide practical insights that reflect decades of hands-on experience driving change across business and technology. For more information, visit http://www.beaconcgi.com.