 |
|
Most every aspect of operating and utilizing your Portfolio Management System can be automated. BaySys can work with you to analyze and identify the intricate details of your daily processes and workflows and determine specific ways or areas where you can automate your business.
We can create and provide the specifications for any macros, scripts or other utility programs. In addition, we can provide any programming, script or macro writing, and then perform QA (Quality Assurance) to test the procedures.
Finally, we will provide you with exceptionally detailed documentation, and train your staff on all processes so they will fully understand how everything is inter-related. We can also educate your staff on how to automate the system themselves in order to satisfy the future needs of your firm.
Some examples of what can be automated are:
| Automating Portfolio Creation -
BaySys has written programs that electronically read files provided to an advisor by their custodian, parsing the information and automatically adding the portfolio to their systems, adding it to appropriate groups, and generating log files to track the process. In one case study, a Broker/Dealer went from manually creating anywhere from 50 - 500 portfolios a week, (taking days of work) to being completely automated, with 100% accuracy, in less than 1 second per 1,000 accounts created.
Automating period-end processing -
These are just some of the processes that can be automated:
- Maturing bonds
- Expiration of options
- Posting cash dividends
- Updating securities
- Updating performance
- Updating benchmarks
- Backup/Archiving files and data
Automating Creation of Internal Reports/Client Reporting -
BaySys can significantly streamline your reporting on a daily, weekly, monthly, quarterly and annual basis. This can include creating different report packages for multiple sets of clients, and creating an entire reporting system, complete with scripts and documentation to automate all of your reporting.
|
Is your firm growing, or are you planning on merging with another firm? Before you decide to go through the expensive and time consuming process of hiring additional operations staff, you should explore what functions can be automated and streamlined, which will enable your existing staff to be more productive.
|
|
|
|