FE fundinfo, a financial data provider that connects the asset management industry to wealth management networks in the UK, Europe, and Asia Pacific, has introduced an updated Factsheet Production solution.
With the help of this automated technology, factsheet creation and delivery to the FE fundinfo network will be streamlined into a single operation.
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As the FCA works to revamp the UK’s asset management regime, the industry is at an important point.
According to FE fundinfo’s Asset Managers survey, 39% of industry executives mentioned cost pressures as their main issue, highlighting the need for efficiency in a competitive market. Nearly half (47%) are also concerned with the problem of increasing assets under management.
Despite these hurdles, the manual burden of factsheet manufacturing remains.
Medium-sized to large-sized asset management companies are required to provide, on average, 5,000 to 10,000 factsheets per month covering 1,000 share classes, depending on their size. However, a lot of them find it difficult to fulfil deadlines because of labour-intensive manual vendor coordination, data verification, and reconciliation.
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By GlobalDataFE fundinfo’s Factsheet manufacturing solution simplifies and expedites traditional factsheet manufacturing. It has a user-friendly interface with a progress dashboard, approve/reject procedures, a detailed audit trail, and a 10-year archive.
Moreover, with the ability to translate into 30 languages and generate up to 150,000 documents per hour, it is secure and modular, allowing asset managers to effectively oversee their international operations.
Asset managers now have one reputable source of data due to the Factsheet Production solution, which is integrated into FE fundinfo’s extensive full platform.
With the help of this invaluable asset, investors, regulators, and distribution networks may be connected, guaranteeing that factsheets are automatically distributed.
Joerg Grossmann, chief product officer at FE fundinfo stated: “Asset managers today are facing unprecedented challenges, from regulatory pressures to the need for process optimisation in a rapidly changing market. Our enhanced Factsheet Production solution is designed to help meet these head-on.
“Factsheets have long been seen as a manual and laborious task, but with our new approach, they become a powerful tool for driving growth and supporting global distribution. By automating and streamlining the production and distribution process, we’re empowering our asset managers to concentrate more on tasks where their expertise is required. This solution marks a step-change in how asset managers can efficiently meet their regulatory obligations whilst expanding their market reach.”
