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Your reports should demonstrate not only your unique branding, but also, the style and quality of management provided by your firm. Your reports should also reflect your expertise in an accurate and easily understood format. You should always take the time to periodically review your existing reporting practices and ask yourself - Can your client statements and internal reports be improved?
Get the most out of your reports
We have worked with hundreds of advisory firms, helping them leverage their considerable investment in their Portfolio Accounting System. BaySys can work with your firm to create dazzling client statements or in-depth analytical reports for in-house use. Streamlining or customizing your internal reports will make the management of your portfolios or models more scalable, allowing your firm more time to raise additional assets.
Some examples of the types of reporting that can be created are:
| Graphic Reports -
Graphics make your reports stand out, and can help convey information in a way that text cannot. Do your statements and internal reports graphically inform? Many aspects of an account can be graphed, from asset allocation broken out by security, to bond maturity dispersion, to comparisons against benchmarks.
BaySys can evaluate your current statements and reporting process and make suggestions on how to improve them. We can work with you to design statements with "multiple" reports on one page, report headers that print your company logo, and just about anything else. Limitations of your reporting system can oftentimes be bypassed by extracting data from your current system, and importing into other programs with more robust reporting capabilities.
Modeling/Allocation Reports -
Do you need a complete stand-alone trading and order management system, or can your needs be met with reporting that will compare your account with models or indexes. There are many types of allocation reports that can be created that will satisfy your requirements, possibly eliminating the need for an expensive order management or additional software allocation program.
Performance Reports -
Your performance reports should be easy to understand and informative. Are you using graphics to show the performance of the account or composite? Are you presenting text and graphics on the same page? Are you able to show your clients their performance after taxes?
There are many things that can be done to make the presentation of your performance reports stand above those of your competition.
Billing Reports -
Does it take your operations department several days to calculate your invoices? Are you having difficulty communicating your management fees to your custodians? Are you wondering if this process can be automated, resulting in a timelier turnaround on receipt of fees with less errors and better accounting? BaySys can help you create a streamlined system that will be automated and effective.
Tax Awareness Reports -
Realized Gains/Losses - At year end, do you struggle to understand which accounts may have gains that need to be offset by losses?
Report Creation -
Does your Portfolio Management System have a built in report configuration program? BaySys can train your staff on how to use such a system so that you can create your own reports.
Data Import/Export -
Do you use your Portfolio Management System to "feed" or populate other systems? Do you need to extract data out of your system in a specific format in order to electronically send the data to other parties? BaySys can simplify the extraction process by creating automated files or programs. One example would be a program to calculate and extract management fees, putting it into a format that could then be uploaded or sent via FTP to your custodian.
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