The availability of real-time data in the front office is generally perceived as an important factor in buy-side firms' ability to make quality investment decisions. The survey shows that almost half (47%) of the respondents do not have access to real-time data in the front office. When breaking this down by IT strategy, the findings show that more firms running on 'an integrated investment management solution' have access to real-time front office data than those running with 'a core platform with multiple add-ons' or a 'best-of-breed strategy'.
Other findings include:
- The integrated strategy – either a solution from a single supplier or a core system with add-ons – is preferred by the majority (53%).
- The average rate of manual processes in the front office (measured as time spent per day) is 19%, or 1½ hours out of an eight-hour workday for each employee.
- On average, firms operating with a best-of-breed IT infrastructure have higher manual process rates than those running with an integrated solution (24% versus 17%).
David Beveridge, Senior Product Marketing Manager at SimCorp commented: "Having roughly half of all surveyed firms express a mistrust in either their IT infrastructure or data is alarming. While this is damaging to the firms' own ability to generate growth, the ultimate losers could very well be their clients. The survey results clearly suggest the integrated solution strategy as the most viable path to higher operational agility and efficiency."
The survey was conducted in mid-2016 by the market research firm Lindberg International and covered 150+ respondents worldwide. For a full presentation of survey results and conclusions, please download the white paper: 'Realizing Growth Through Operational Agility'.
Enquiries regarding this announcement should be addressed to:
Erica Fidel, SimCorp North America, +212 994 9453, Erica.firstname.lastname@example.org
Anders Crillesen, SimCorp Corporate Communications, +45 3544 6474
SimCorp provides integrated, best-in-class investment management solutions to the world's leading asset managers, fund managers, asset servicers, pension and insurance funds, wealth managers and sovereign wealth funds. Whether deployed on premise or as an ASP solution, its core system, SimCorp Dimension, supports the entire investment value chain and range of instruments, all based on a market-leading IBOR. SimCorp invests more than 20% of its annual revenue in R&D, helping clients develop their business and stay ahead of ever-changing industry demands. Listed on NASDAQ Copenhagen, SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/simcorp-survey-reveals-nearly-half-of-buy-side-firms-lack-confidence-in-their-it-infrastructure-or-data-300395596.html