As the globe has shifted to working remotely in the fight against COVID-19, many funds are beginning to find wrinkles in their business continuity plans.
As fund managers continue to shift to remote and digital operating models, putting increased pressure on already strained business continuity plans, they also need to do a system wide check up on the accessibility and efficiency of their core operational infrastructure.
With increasing global regulations and growing pressure to cut operational costs, traditional and alternative asset managers are turning towards technology to increase operational efficiency and gain a competitive edge. Cloud computing continues to be the choice for both newly launched funds and established players. By harnessing cloud-based applications, fund managers of all sizes can reduce capital expenditures and increase firm-wide efficiency.