A leading investment advisory firm that handles over $6 billion worth of assets for high-net-worth individuals, families and institutions in the US. They manage hundreds of funds and each fund comprises several portfolios.
The client performs periodic portfolio valuations to evaluate the portfolio's performance and for other tax-related documentation. Since the above process has to be repeated manually for thousands of portfolios under hundreds of funds, it presents the following challenges/ limitations:
Response time reduction
from 24 hrs to 1 hr
Increase in processing
capacity 4x
Reduction in processing time
2+ hrs to 15 mins = 85%
Availability/ update frequency
24/7 No delay