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.”
Treasurers are being expected to do more work with fewer resources than ever before, so it is little wonder that the automation of day-to-day operations was highly discussed on the second day of EuroFinance, the annual treasury event held in Barcelona this week.
Chicago based Treasury Management System (TMS) vendor GTreasury and Sydney based risk and treasury management vendor Visual Risk have joined forces in a strategic alliance to ... read more
While corporates have more choice when it comes to choosing financial services, the core relationship between banks and businesses hasn't changed, argues Michael Cummins, head of treasury solutions at Citizens Bank.
Plans to overhaul trade finance infrastructure by the R3 consortium, brexit confidence by UK mid-sized businesses and global financial assets hitting a record high all hit the latest headlines in the world of treasury this week.