Software provider Misys said its Sophis VALUE solution has been developed to help buy-side firms meet Investment Book of Record (IBOR) challenges. Sophis VALUE allows investment management companies to leverage its modular front-to-back platform to improve operational efficiency by enabling access to near real-time intraday data.
The company said that asset management firms are under pressure to increase analytical transparency to the front-office while maintaining data integrity. The new solution uses a modular approach to avoid detracting from existing IT investments.
Taking ownership of the primary record of positions and trades in an IBOR has become a key operational requirement across the investment management industry, said Misys. It provides the foundation for a comprehensive platform that can be adapted to meet the specific needs of the firm. Ultimately, this will enable portfolio managers to make faster and more accurate investment decisions by having reliable access to the updated intraday view of positions across all asset classes.
“IBOR is an area of the business where investment managers are looking to improve upon the end of day deficiencies within traditional order management systems (OMS) or accounting systems by selecting systems with overlapping capabilities,” said Maan Bsat, head of the buy-side business solutions group in North America at Misys
“In many cases, this results in operational gaps, such as in the timeliness of data or in the processing of derivatives. We have developed a unique platform with our Sophis VALUE product by providing modular business components that can be enabled as needed, as clients retire systems or grow in different areas such as portfolio management, risk analytics, derivatives processing or investment accounting. This unlocks the true value of an integrated system, and helps realise a positive return on investment for investment management firms.”
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