NEX: Collect, collate, standardise
11 October London
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Collect, collate, standardise, and track data from different sources to create a rich, harmonised data set for reporting data and analytics, NEX advised in their recent report.
The advice was given in a recent NEX report, The Treasury Technology Imperative, which noted that hedge funds and asset managers operate in an environment of challenge, change, and growing regulatory and investor demand.
Despite this, however, treasury functions are at different stages of centralisation and professionalisation, the report revealed.
As a result, fund managers need access to a platform that can be scaled and flexed as their requirements change without the need to divert resources into major implementation change and management projects.
According to NEX, outsourced software as a service (SaaS) based treasury solutions from a trusted provider enables treasurers to harness data, make informed decisions, and act on insights across the full spectrum of their activities.
One of the activities includes portfolio finance. For example, tracking securities lending activities post-settlement and creating a central repository for all securities finance information.
Cash and collateral management is also included in the activities, consolidating reporting on cash balances across currencies, and providing cash projections based on different settlement ladders.
Additionally, counterparty risk management, balance sheet and wallet optimisation were also included in the list of activities in the NEX report.
To conclude the report, NEX noted: “Treasurers of hedge funds and asset managers are committed to protecting, reporting on, analysing and optimising assets. The right treasury solutions contribute substantially to achieving these ambitions.”
It added: “Investors’ due diligence demands are driving fund managers to implement operational best practices, including optimising technology, infrastructure, and streamline operations.”
“As NEX ENSO’s analysis and the experience of its customers demonstrates, outsourced, SaaS-based treasury solutions can contribute directly to hedge funds’ and asset managers’ ability to generate financing alpha and ultimately improve competitiveness and enhance the investor experience. Few fund managers, of any size, can afford to ignore this opportunity.”
The advice was given in a recent NEX report, The Treasury Technology Imperative, which noted that hedge funds and asset managers operate in an environment of challenge, change, and growing regulatory and investor demand.
Despite this, however, treasury functions are at different stages of centralisation and professionalisation, the report revealed.
As a result, fund managers need access to a platform that can be scaled and flexed as their requirements change without the need to divert resources into major implementation change and management projects.
According to NEX, outsourced software as a service (SaaS) based treasury solutions from a trusted provider enables treasurers to harness data, make informed decisions, and act on insights across the full spectrum of their activities.
One of the activities includes portfolio finance. For example, tracking securities lending activities post-settlement and creating a central repository for all securities finance information.
Cash and collateral management is also included in the activities, consolidating reporting on cash balances across currencies, and providing cash projections based on different settlement ladders.
Additionally, counterparty risk management, balance sheet and wallet optimisation were also included in the list of activities in the NEX report.
To conclude the report, NEX noted: “Treasurers of hedge funds and asset managers are committed to protecting, reporting on, analysing and optimising assets. The right treasury solutions contribute substantially to achieving these ambitions.”
It added: “Investors’ due diligence demands are driving fund managers to implement operational best practices, including optimising technology, infrastructure, and streamline operations.”
“As NEX ENSO’s analysis and the experience of its customers demonstrates, outsourced, SaaS-based treasury solutions can contribute directly to hedge funds’ and asset managers’ ability to generate financing alpha and ultimately improve competitiveness and enhance the investor experience. Few fund managers, of any size, can afford to ignore this opportunity.”
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