Case Studies Automation of Fund Analysis Allows Managers to Make Better Informed Decisions

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	Automation of Fund Analysis Allows Managers to Make Better Informed Decisions

Automation of Fund Analysis Allows Managers to Make Better Informed Decisions

Technology Category	Analytics & Modeling - Predictive Analytics Application Infrastructure & Middleware - Data Exchange & Integration Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Industries	Finance & Insurance
Applicable Functions	Business Operation Quality Assurance
Use Cases	Predictive Quality Analytics Process Control & Optimization Remote Asset Management
Services	Software Design & Engineering Services System Integration
Challenge	The finance team at one of Canada's leading investment firms faced significant challenges in fund analysis due to manual processes. They had to cut and paste data from multiple source systems and general ledgers (GL) into Excel workbook tabs. This manual process involved performing vlookups and manipulating spreadsheets to organize data, which was time-consuming and prone to errors. The entire process took three weeks to complete each month, leaving the manager with very little time to make necessary adjustments. This increased the risk of over-absorbing expenses on behalf of the funds, potentially affecting the firm's target management expense ratio. Read More
About Customer	The customer is one of Canada's leading investment firms, responsible for managing multiple funds. The firm aims to ensure that each fund can fully cover its own expenses, thereby maintaining a target management expense ratio. The finance team at this firm was manually monitoring these funds to determine which ones required the manager to absorb expenses. This manual process involved cutting data from multiple source systems and pasting it into spreadsheets for analysis. The firm needed a more efficient and accurate way to compile and analyze fund information to make better-informed decisions and maintain their financial targets. Read More
Solution	Vena provided a comprehensive solution to automate the fund analysis process. The solution included a secure, central data repository that seamlessly integrated with the client's source systems and GL, storing all up-to-date data. Dynamic Excel spreadsheets were automatically updated according to changes made in the central repository, eliminating the need for manual data entry and reducing the risk of human error. Vena's Excel workbook was used for input and automatically arranged data into the proper reporting format. Business validation rules were implemented to prevent unauthorized changes to data or formulas and to ensure data integrity. An audit trail feature date-, time-, and user-stamped changes made to templates, facilitating instant version comparison and enhancing data accuracy. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Predictive Analytics

Application Infrastructure & Middleware - Data Exchange & Integration

Functional Applications - Enterprise Resource Planning Systems (ERP)

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Quality Assurance

Use Cases

Predictive Quality Analytics

Process Control & Optimization

Remote Asset Management

Services

Software Design & Engineering Services

System Integration

Challenge

The finance team at one of Canada's leading investment firms faced significant challenges in fund analysis due to manual processes. They had to cut and paste data from multiple source systems and general ledgers (GL) into Excel workbook tabs. This manual process involved performing vlookups and manipulating spreadsheets to organize data, which was time-consuming and prone to errors. The entire process took three weeks to complete each month, leaving the manager with very little time to make necessary adjustments. This increased the risk of over-absorbing expenses on behalf of the funds, potentially affecting the firm's target management expense ratio.

About Customer

The customer is one of Canada's leading investment firms, responsible for managing multiple funds. The firm aims to ensure that each fund can fully cover its own expenses, thereby maintaining a target management expense ratio. The finance team at this firm was manually monitoring these funds to determine which ones required the manager to absorb expenses. This manual process involved cutting data from multiple source systems and pasting it into spreadsheets for analysis. The firm needed a more efficient and accurate way to compile and analyze fund information to make better-informed decisions and maintain their financial targets.

Solution

Vena provided a comprehensive solution to automate the fund analysis process. The solution included a secure, central data repository that seamlessly integrated with the client's source systems and GL, storing all up-to-date data. Dynamic Excel spreadsheets were automatically updated according to changes made in the central repository, eliminating the need for manual data entry and reducing the risk of human error. Vena's Excel workbook was used for input and automatically arranged data into the proper reporting format. Business validation rules were implemented to prevent unauthorized changes to data or formulas and to ensure data integrity. An audit trail feature date-, time-, and user-stamped changes made to templates, facilitating instant version comparison and enhancing data accuracy.

Impact #1	The finance team can now access up-to-date information at any time, allowing for on-the-fly decision-making.
Impact #2	Vena's automatically updated templates have eliminated the need for manual data entry, reducing the possibility of human error.
Impact #3	Automatic translation of data into properly formatted reports gives managers more time for review and reduces the number of expenses they have to absorb on behalf of the funds.

Impact #1

The finance team can now access up-to-date information at any time, allowing for on-the-fly decision-making.

Impact #2

Vena's automatically updated templates have eliminated the need for manual data entry, reducing the possibility of human error.

Impact #3

Automatic translation of data into properly formatted reports gives managers more time for review and reduces the number of expenses they have to absorb on behalf of the funds.

Benefit #1	The process that previously took three weeks to complete is now instantaneous.
Benefit #2	The risk of human error in data entry has been eliminated.
Benefit #3	Managers have more time to review and adjust expenses, potentially reducing the number of expenses absorbed on behalf of the funds.

Benefit #1

The process that previously took three weeks to complete is now instantaneous.

Benefit #2

The risk of human error in data entry has been eliminated.

Benefit #3

Managers have more time to review and adjust expenses, potentially reducing the number of expenses absorbed on behalf of the funds.

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Overview

Automation of Fund Analysis Allows Managers to Make Better Informed Decisions

Operational Impact

Quantitative Benefit