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Avanade slashes fund managers’ reporting times

launches Fund Management Report Publishing solution to simplify process

June 13, 2008

Avanade, a global IT consultancy, has launched a Fund Management Report Publishing solution to reduce the time investment managers need to spend on reporting back to clients on fund performance.

Typically, more than 10 per cent of fund managers’ employees’ time is dedicated to accounting, performance measurement and reporting . Clients require very detailed reports about the profile and status of their investment portfolios on a monthly and quarterly basis, tailored to their specifications. By reducing the reporting burden, teams can meet clients’ demands more easily and have time to focus on providing a better level of customer service and winning new business.

The new software tool breaks down the process of creating reports so that raw data can be pulled from multiple sources into a data library in Microsoft SharePoint, which managers can then compile in Microsoft Word to present back to clients. It enables staff at each stage of the process to use familiar software and focus on their specific task, streamlining what can be automated to simplify report creation. It creates a consistent, repeatable, auditable process that can be monitored by managers at every stage, approving documents and dealing with bottlenecks, as it’s easy to see where delays in receiving specific items in the report occur.

David Haigh, Information Management Director at Avanade UK, commented: “Speeding up the process of producing reports and improving their accuracy affords staff more time for commentary and analysis, instead of gathering data. And for the business, the solution makes the most of their existing Microsoft investment, removing the need for training as people are already familiar with the component tools. The automation also reduces the need for the IT team’s involvement. The tool is a cost-effective way for fund managers to better serve their clients needs.”

Executive quote

“Speeding up the process of producing reports and improving their accuracy affords staff more time for commentary and analysis, instead of gathering data. And for the business, the solution makes the most of their existing Microsoft investment, removing the need for training as people are already familiar with the component tools. The automation also reduces the need for the IT team’s involvement. The tool is a cost-effective way for fund managers to better serve their clients needs.”

About the company

About Avanade
Avanade is a global IT consultancy dedicated to using the Microsoft platform to help enterprises achieve profitable growth. Through proven solutions that extend Microsoft technologies, Avanade helps enterprises increase revenue, reduce costs and reinvest in innovation to gain competitive advantage. Avanade consultants deliver value according to each customer's requirements, timeline and budget by combining insight, innovation and the talent of our global workforce. Avanade, which is majority owned by Accenture, was founded in 2000 by Accenture and Microsoft Corp. Avanade has more than 8,000 professionals serving customers in 22 countries worldwide. Additional information can be found at www.avanade.com.

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Avanade slashes fund managers’ reporting times

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