There are a multitude of source systems that are used by front, middle and back-office teams in buy side firms. For the purpose of portfolio accounting, one of the most popular systems that is used is SS&C’s Advent Geneva, which allows funds to build their entire accounting book of records (ABOR) by feeding investments and reference data directly into the system.
Making key decisions during a time of increased market stress has placed further pressure on firms’ operations teams and existing technology. For many firms, the all-remote work environment has brought to light a number of challenges spanning across data management processes and procedures.
Organizational success depends on certain core building blocks that work in alignment with common business objectives. These main building blocks include business activities, data and analytics, but we believe the most important ingredient to organizational success is data governance. Although it has been somewhat of an abstract concept until now, data governance has been shown to provide cohesion in the standards to align people, processes, data and technology for successful and sustainable results while simultaneously helping organizations leverage data as a corporate asset.