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| Thought Paper |
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Successful Migration to a New Portfolio Accounting System |
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| Abstract |
Portfolio managers are continuously challenged to perform in an extremely competitive market. They need to manage newer asset classes, ensure that they are operating with reliable reference data, and provide near real-time and flexible reporting to demanding customers. Further, they are responsible for proactively managing risk and being compliant with regulations that are changing and expanding in scope. Mergers and acquisitions bring their own set of challenges due to a multitude of incompatible systems and technologies.
Global expansion requires additional compliance and reporting requirements, not to mention the need for flexible multi-currency accounting. These combined factors have led portfolio managers to look at replacing their existing
systems, especially in the critical portfolio accounting space. This paper discusses the critical parameters organizations need to consider for identifying, defining requirements and selecting the right new portfolio accounting system.
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